Bloomberg News reporter, Eliza Ronalds-Hannon, interviews Aaron Todrin, President of our sister company, Second Wind Consultants. The scope, practices and need for regulation in the MCA (Merchant Cash Advance) industry are discussed. Second Wind Consultants and Rise Alliance offer solutions to businesses of all sizes that were previously available only to the largest corporations. Whether…
When it comes to debt, the typical business owner is almost always faced with bad advice. That’s because attorneys do not understand how to handle debt problems correctly. They recommend bankruptcy for most people because litigation is their language. At the point of insolvency, debt resolution is achieved through an alternative form of asset liquidation…
For many business owners under financial pressure, bankruptcy feels like the only remaining option. It’s usually not. Every week, we speak with owners who were told Chapter 11 would give them a fresh start—only to discover too late that it often does the opposite. Control disappears. Costs explode. And the business they were trying to…
For business owners facing financial hardship, navigating the complexities of a defaulted SBA loan can be overwhelming. At Rise Alliance, we understand that most borrowers want to honor their commitments, but unforeseen circumstances can make full repayment impossible. Fortunately, the SBA provides a structured program—the Offer-in-Compromise (OIC)—designed to help borrowers negotiate a reasonable settlement and…
If you’ve taken out a business loan or a Merchant Cash Advance (MCA), you may have unknowingly signed a Confession of Judgment (COJ)—a legally binding clause that can give lenders the power to seize your assets without warning. While New York banned COJs for out-of-state borrowers in 2019 due to widespread abuse, they remain legal…
In 2018, during a business slowdown, Ron's landscaping services business took on some merchant cash advances (MCAs) so that he could continue to pay his 40 employees. Shortly after taking the first advance, he began to feel caught in an endless cycle of trying to keep his head above water. It was starting to take…
Nothing brings us more joy than another happy customer. Here’s what Norm had to say: “I have a good business that got messed up with MCA advances. I was just about ready to close up my $3.1M business and release over 51,000 customers to competitors. I had no idea what to do, who to call…
Merchant cash advances (MCAs) have become a popular financing option for businesses that, due to a variety of reasons, don’t qualify for a traditional bank loan. Because they don’t require collateral, an MCA can seem like an enticing option to acquire cash quickly. But as with anything that seems too good to be true, business…
Business owners often encounter the term “personal guarantee” when seeking business loans. But what does it actually mean, and how does it differ from collateral? Understanding these terms and how they can affect you is crucial for any business seeking funding. Even more importantly, knowing what steps to take if insolvency strikes can help you…
When it comes to financing your business, you may have heard of merchant cash advances (MCAs) as a quick and convenient option for obtaining capital. While MCAs are easy to qualify for and offer immediate access to funds, it’s essential to understand the true cost associated with them. One of the most common pitfalls for…
Realistic debt settlement and personal guaranty resolution that’s in the best interest of you, your business and even your creditors. Because if your business succeeds, all parties win.
