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Delancey Street Helps Business Owners Regain Control

Each year 10's of thousands of business owners struggle.

Join The Program

Fill out our contact form. We'll reach out and conduct a thorough assessment of your situation, and how we can help you. Our goal is to understand your situation, and determine if our program is the right for you, and the type of debt you have.

We Work With You

Once we determine our program is right for you, we start working on your behalf. We conduct a thorough evaluation of the type of debts you have, and put together an action plan on what a realistic, and beneficial outcome would look like for each debt.

We Get Results

The final step is the most important, we restructure your debt and put you in a better position than we found you. We work with you to adhere to the new debt restructuring program, and are with you every step of the way to make sure your business is thriving.

Program Results

$450K Merchant Cash Advance

Extra 24 Months

Transformed into a monthly payment, and extended by 2 years, with a 15% reduction in balance.
$110K Merchant Cash Advance

55% Reduction

Transformed into a monthly payment, and extended by 2 years, with a 55% reduction in balance.
$100k Business LOC

50% Redution

Our client had an LOC with a MCA hybrid lender, and saw a drastic reduction in balance.

How We Help

Business debt settlement through Delancey Street involves restructuring your corporate debt, in a manner that allows you to keep your doors open, and results in an increase in cashflow.

Get a affordable plan that works for your business cash flow as a part of the debt settlement process.

Get potential resolutions with Delancey Street in a timely and effective time frame once you enter our debt relief program.

You Have a Powerhouse team of financial and legal experts on your side, advising you on how to interact with predatory creditors.

5 Star Google Rating trusted by 100's of people who are struggling with business debt.

Oregon Merchant Cash Advance Legal Help – Attorneys, Debt Settlement

Oregon Merchant Cash Advance Legal Help – Finding the Right Attorney

Running a small business can be tough, especially when cash flow gets tight. That’s why many business owners turn to merchant cash advances to get quick access to capital. But these financing agreements also come with risks – if you fall behind on payments, you could end up dealing with aggressive debt collectors or even lawsuits. Fortunately, there are attorneys in Oregon who can provide legal help defending your rights. This article will cover the basics of merchant cash advances, common legal issues that arise, and how to find the right legal help if you run into trouble.

What is a Merchant Cash Advance?

A merchant cash advance (MCA) is a form of business financing where a company purchases a portion of your future credit card sales. You get a lump sum payment upfront, and the MCA company takes a fixed percentage of your daily credit card receipts until the balance has been repaid (plus fees and interest).Unlike a term loan, there’s no set repayment schedule – the payback period depends on your sales volumes. This flexibility makes MCAs appealing for businesses with irregular cash flow. However, the costs can also quickly spiral out of control if sales drop unexpectedly.

Common Legal Issues with Merchant Cash Advances

While MCAs provide fast access to working capital, they also come with a minefield of potential legal problems, such as:

Excessively High Effective Interest Rates

While MCA companies don’t charge “interest” per se, the fees and fixed daily payments can result in insane annualized rates exceeding 100-200% APR or more. These usurious rates may be illegal under Oregon laws against predatory lending.

Aggressive Collections and Improper Debt Collection Practices

Many MCA providers quickly resort to aggressive tactics like harassing phone calls, lawsuits, or even trying to garnish bank accounts when payments fall behind. They may violate consumer protection laws like the Fair Debt Collection Practices Act.

Confusing and Deceptive Contract Terms

Merchant cash advance contracts often contain confusing terminology and omit key details about the costs, repayment terms, and consequences of default. This can obscure the extreme risk some businesses take on.

Personal Guarantees and Cross-Collateralization Clauses

Many MCA companies require a personal guarantee from the business owner, making them personally liable for the debt. Others include “cross-collateralization” clauses used to seize other assets or access personal bank accounts if the business defaults.

Finding the Right Attorney for Legal Help

If you’re struggling with MCA debt or an aggressive collections lawsuit, finding an experienced business attorney is critical. Look for lawyers with specific experience helping clients in MCA-related cases. Key credentials to consider include:

Background in Commercial Litigation and Contracts

An attorney well-versed in contract law can review your MCA agreement for unenforceable or predatory terms. Litigation capabilities are also key to defending collection lawsuits and even bringing countersuits against unscrupulous lenders.

Understanding of Consumer Financial Protection Regulations

Navigating consumer finance laws and regulations like usury caps, debt collection practices, and disclosure requirements requires specialized legal knowledge. Find a lawyer familiar with Oregon’s consumer lending protections.

Experience Negotiating MCA Settlements

An attorney with a successful track record settling MCA-related disputes is invaluable. Through negotiations they may resolve lawsuits or debts for a fraction of the balance. This can save your business while avoiding the risks of trial.

Don’t Face MCA Problems Alone – Legal Help is Available

Dealing with merchant cash advance legal troubles can be overwhelming for small business owners already stretched thin. But facing the aggressive collections tactics of MCA companies alone rarely ends well. If you’re struggling with a predatory contract, harassment from debt collectors or an impending lawsuit, contact an experienced attorney. With the right legal advice and representation protecting your interests, you can resolve MCA-related disputes and save your business.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
Leo
$500,000 MCA Restructured Over 3 Years
"Thanks for helping me in literally 24 hours"
Jason
$250,000 SBA Loan Offer in Compromise
"Great choice for business owners who need a trustworthy partner"
Mary
$350,000 MCA Restructured Over 2 Years

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