Here's Who We Are

We're Fund Virtually Everything

We fund business owners nationwide, regardless of industry, credit, or time in business. We fund it all.

Apply Now

We Provide Multiple Options

We have a lot of different financing options available to our clients. Regardless of your situation, we’ll have a solution for you.

Fast Approval

Our application process is completely online. You can get funds in your bank account in literally 24 hours.

The Working Capital You Need In 24 Hours.

We get you funding. It's that simple. Regardless of credit, income, or time in business - we'll fund you.


Use our online form or call toll-free anytime to get started. There's no cost, and the application takes only three minutes.


Receive application approval in as little as 24 hours. There is no credit check required.

Receive Funds

Review and return your signed agreement and get your money in as little as 24 hours.

Recent Business Loans Funded

100K Term Loan

Ambulance Service

Our client bought a new ambulance.
2019 - June
55K Advance

Truck Funded

Our client used the funds to hire new team members.
2019 - February
85K Term Loan

Restaurant Funded

Our client used the funds for restaurant equipment.
2019 - May

Get a Decision in as Little As 30 Seconds

We’re Fast. We Help Regardless of Credit. WE HAVE A SOLUTION FOR YOU.

Apply Online

We have a completely online application process, which is simple and easy.

Get Offers

We'll match you with the best loan offers we have that are financially responsible.

Get Funded Quickly

We'll fund you the same day you accept our offer.

How Delancey Street Works

Fill Out Our Application

Answer basic questions about yourself and fill out our entirely online application. Each loan has its own online process.

Meet Your Concierge

We'll pair you with an experienced Delancey Street specialist who will reach out to you, and understand your needs. We'll try to determine which financial product is right for you.

Compare Our Loan Offers

We give you a few different loan offers based on your scenario and what options you qualify for.

Choose Your Loan

Once you've chosen a loan that works for you, we finalize it and start getting the documents needed.

Get Funded

Once we get all of the documents back, we'll get you funded ASAP.

We Help You Grow

After you get funded, your Delancey Street concierge specialist will keep in touch to make sure you're happy and doing well.

Business Loans

Get business loans ranging from 3 months to 18 months
No credit score requirement, we have a program for everyone
We can fund up to $5 million in virtually 24 hours

Merchant Cash Advance Attorney Alabama


Merchant Cash Advance Attorney Alabama

Getting a merchant cash advance can seem like a quick and easy way for businesses to access capital. Unlike traditional bank loans, merchant cash advances don’t require a strong credit history or collateral. The merchant simply agrees to repay the advance through a percentage of their future credit card sales. But merchant cash advances come with some major drawbacks that business owners need to look out for. That’s where working with an experienced merchant cash advance attorney in Alabama can help.

How Merchant Cash Advances Work

Here’s a quick rundown of how merchant cash advances work:

  • The merchant cash advance company provides an upfront lump sum to the business, usually between $5,000 – $500,000.
  • In exchange, the business agrees to repay the advance through daily payments taken as a percentage of their credit card sales, usually between 10-20%.
  • The payments continue until the full amount is repaid plus fees and interest, which can equal an equivalent annual percentage rate of 60-300%.
  • The cash advance company takes the repayments directly from the business’s credit card receivables account through daily debits.
  • There’s usually no fixed repayment term, the business repays the advance as quickly or slowly as their credit card sales allow.

While this flexibility and quick funding may sound appealing, merchant cash advances can become extremely expensive for businesses. That’s why it’s critical to read the fine print and understand the full costs before signing any merchant cash advance agreement.

Problems with Merchant Cash Advances

Merchant cash advances seem straightforward on the surface, but several problematic issues can arise:

  • Deceptively high costs – The equivalent APRs often end up between 60-300%, much higher than business loans.
  • Daily repayment pressure – The daily repayment structure can strain cash flow if sales dip.
  • No fixed end date – Repayment continues until the full amount is collected, which may take months or years.
  • Balloon payments – Some agreements have a large lump sum due at the end, which can be a surprise.
  • Personal guarantees – Owners may have to personally guarantee repayment, putting their home and assets at risk.
  • Aggressive collections – Cash advance companies can aggressively pursue repayments, including filing lawsuits.

With so many potential pitfalls, it’s easy for businesses to get in over their heads with merchant cash advances. An experienced attorney can help you avoid these problems or find solutions if you’re already dealing with them.

Alabama Laws Related to Merchant Cash Advances

Alabama has laws regarding lending and debt collection practices that may apply to merchant cash advances:

Depending on the specific terms and circumstances, an Alabama merchant cash advance attorney may be able to challenge agreements that violate these consumer protection laws.

Defenses Against Merchant Cash Advances

Some possible defenses and strategies that an attorney could use to dispute issues with merchant cash advances include:

  • Usury claims – Argue the equivalent APR is illegally high under state lending laws.
  • Unconscionability – Challenge unfair, deceptive, or abusive terms in the agreement.
  • Breach of contract – Argue the cash advance company violated the agreement.
  • Violations of state/federal law – Cite violations of lending, debt collection, or consumer protection laws.
  • Improper service of process – Challenge errors made when suing or collecting judgments.
  • Settlement negotiation – Negotiate a lump-sum payoff for less than the full balance.
  • Bankruptcy – Use Chapter 7 or Chapter 11 to discharge part or all of the debt.

An attorney experienced with merchant cash advances will know how to analyze the agreement to spot potential violations and build a strong legal case for the business owner.

Finding the Right Merchant Cash Advance Attorney in Alabama

Finding an attorney experienced with merchant cash advances takes some research. Here are a few tips:

  • Ask for referrals from other local business owners who have dealt with merchant cash advances before.
  • Check lawyer directories like Martindale-Hubbell and look for attorneys listed under “financial services law.”
  • Search online for lawyers or law firms in your state that mention merchant cash advances, business litigation, debt relief, etc. on their websites.
  • Contact your state bar association and ask if they have a lawyer referral service or list of members specializing in this field.

Schedule consultations with a few potential attorneys to discuss your situation and make sure they have the right experience. Come prepared with copies of your merchant cash advance agreement and records of payments, fees, communications with the lender, etc. Ask direct questions about their specific experience handling cases like yours, the strategies they would use, and potential outcomes they could achieve. Gauge their responsiveness and how well they listen to your concerns.

An attorney well-versed in merchant cash advance issues should be able to explain the potential defenses and claims that could apply in your case and discuss realistic expectations. They should have a track record of positive results for their business clients, whether that’s negotiating settlements, defending lawsuits, or challenging the agreements. They should clearly outline their fees and billing practices too.

Finding the right legal help can relieve a lot of the stress of dealing with a merchant cash advance gone wrong. An experienced attorney can assess your situation, advise you on the best course of action, and handle negotiations or litigation if needed. With the right lawyer on your side, you can focus on running your Alabama business again.

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"
$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
$250,000 Hard money Loan

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
Get Out of Debt
Credit Card Debt Relief
Marital Debt Relief

Managing Marital Debt: Strategies for Financial Freedom Marriage can be…

Private Student Loan Debt Relief

Managing Private Student Loan Debt: Options for Relief Private student…

Veteran Debt Relief

Helping Veterans Find Financial Freedom Being a veteran comes with…

Delancey Street understands funding like no one else!
Steven Norris
Get Funding Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Apply Now