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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.

Missouri Merchant Cash Advance Legal Help – Attorneys, Debt Settlement

Missouri Merchant Cash Advance Legal Help – Attorneys for Debt Settlement

Merchant cash advances can seem like quick and easy money for small businesses, but they often come with predatory terms and sky-high interest rates. If you’re a Missouri business owner who took out a merchant cash advance and is now facing aggressive collection tactics or even a lawsuit, you need an experienced attorney on your side.

How Missouri Merchant Cash Advances Work

A merchant cash advance provides a business with an upfront lump sum of cash in exchange for a percentage of future credit card sales. It is not technically a loan under Missouri law since the business is selling a portion of its future receivables. However, merchant cash advance companies still charge very high effective interest rates.Here’s a simple example:

  • ABC Company needs $100,000 quickly for an expansion.
  • XYZ Merchant Cash Advance offers $100,000 in exchange for 15% of ABC Company’s credit card sales until XYZ collects $150,000.
  • That means XYZ is charging $50,000 for the use of $100,000 over an undefined period of time. The annualized interest rate could easily exceed 100% APR.

While merchant cash advances avoid Missouri usury laws that cap interest rates on loans, the fixed daily payments can still sink a struggling small business.

Common Legal Issues with Missouri Merchant Cash Advances

There are several common problems Missouri businesses run into with merchant cash advance companies:

  • Deceptively High Interest Rates – While merchant cash advances aren’t “loans”, the returns can translate into triple-digit interest rates.
  • Aggressive Collections – MCA companies will aggressively collect daily payments, even if it sinks the business. Some unlawfully threaten business owners.
  • Costly Lawsuits – MCA companies frequently sue Missouri businesses for breaching the MCA contract if they fall behind on payments.
  • Confessions of Judgement – Many MCA contracts contain illegal confessions of judgement that allow the MCA company to seize assets without notice.

Reputable St. Louis business attorneys can review MCA contracts to spot illegal terms. They can also defend Missouri companies from aggressive collection efforts and lawsuits.

Missouri Merchant Cash Advance Defenses

There are several defenses Missouri attorneys use to protect businesses from merchant cash advance abuse:

  • Usury – Argue the MCA’s rates and terms violate Missouri usury laws on loans over 21% APR.
  • Unconscionability – Challenge whether it’s fair and reasonable for small businesses to accept such one-sided MCA terms.
  • Fraudulent Inducement – Argue the MCA company misled the business about costs, obligations, or other terms to secure the contract.
  • Breach of Contract – If the MCA varied from the contracted terms, argue they breached first.
  • Unjust Enrichment – Argue that letting the MCA company collect excessive returns is obviously unjust.

skilled Kansas City business litigation lawyer can evaluate which defenses apply to your situation. They may also be able to negotiate a settlement.

Working with a Missouri Merchant Cash Advance Attorney

If you are facing aggressive collection efforts or legal action over a Missouri merchant cash advance, contact an experienced business attorney right away. Look for lawyers that specialize in financial services litigation and regularly handle MCA cases.A good Missouri MCA attorney will:

  • Review your merchant cash advance contract for illegal terms.
  • Assess possible defenses based on Missouri laws and case precedents.
  • Handle negotiations with the MCA company.
  • Defend against any collection lawsuits or arbitration claims.
  • Explore options for debt relief or restructuring if necessary.

Don’t wait until you are served with legal papers to seek help. The sooner you have an attorney reviewing your MCA agreement, the better positioned you’ll be. Missouri laws do provide some important protections if you have the right legal advice on your side.

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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