par funding settlement | Grantphillipslaw.com

Secure your financial future with Grantphillipslaw.com expert legal services for par funding settlement. Trust us to fight for your rights.

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merchant cash advance jobs | Grantphillipslaw.com

Find fulfilling merchant cash advance jobs at Grantphillipslaw.com. Join a team that values your success and supports your growth. Apply now!

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New York MCA Laws Updated

Originally, SB 5740 governed loans of less than $500,000.00. Now, as amended by SB 898, the law applies to commercial lending transactions, including Merchant Cash Advance, of less than $2,500,000.00.



https://grantphillipslaw.com/n....ew-york-mca-laws-upd

New York Enacts APR Disclosure Laws

In order to be a loan, money must be given and repaid no matter what. With a legal Merchant Cash Advance, Courts hold that the money received by the corporate borrower is not being loaned but is rather money provided today for the rights to receive a massive chunk of the corporation’s future receivables.



https://grantphillipslaw.com/n....ew-york-enacts-apr-d

New York MCA Laws Updated

One little quirk exists though, what if the loan is for exactly $2,500,000.00? The law would seem to point to the fact that a transaction in the exact amount of $2.5MM is still governed by SB 5740, but not governed any longer under criminal usury since in New York criminal usury is capped at $2,499,999.00



https://grantphillipslaw.com/n....ew-york-mca-laws-upd