-- The agency is now offering expanded legal protection and debt management services to relieve MCA-related debt for SMBs that want to reduce their reliance on MCAs. As part of the update, MCA Reduction’s lawyers and negotiation experts will work directly with lenders and develop settlement plans that will help clients pay off their loans in as little as 8 months.
For more information, please visit https://mcareduction.com/
MCAs are becoming an increasingly popular financing choice for small businesses due to their relatively lax eligibility requirements and their ability to provide organizations with instant capital. One 2022 survey published by the Federal Reserve found that 10% of small businesses sought MCAs, with companies in the retail and food industries making up a large portion of borrowers. In spite of their benefits, MCAs are known to be one of the most expensive financing options available and typically sport high annual percentage rates (APRs) - this can potentially impact a business’ working capital during slow periods and result in an overreliance on advances, forcing the company to continuously borrow new MCAs to cover essential expenses.
To help businesses that are trapped in a cycle of dependency, MCA Reduction offers a range of legal and debt relief services that are designed to address MCA-related debt. Clients who enroll in the agency’s programs will work directly with a team of experienced attorneys and MCA debt specialists, who will negotiate with lenders to reduce the business’ debt by up to 80%. MCA Reduction’s staff will also focus on pre-litigation settlements, significantly reducing the client’s risk of lawsuits.
Additionally, MCA Reduction will help the client develop manageable weekly payment plans that will allow them to immediately increase cash flow for their business. Most clients who complete the program will be able to pay off their debts in 6 to 8 months.
A satisfied client wrote, “I honestly can’t recommend MCA Reduction enough. Their team worked so hard to find the right solution for me. They made a really stressful situation feel manageable and provided amazing customer service throughout the entire process.”
Interested parties can learn more by visiting https://mcareduction.com/
Contact Info:
Name: Andrew Thomas
Email: Send Email
Organization: MCA Reduction
Address: 20 Broadhollow Road, Melville, New York 11747, United States
Website: https://mcareduction.com/
Release ID: 89167514