After 35 years in business and 58 employees, Lois and Bob watched COVID turn a 21.5% growth year into a financial crisis. To survive, they turned to Merchant Cash Advances—and quickly found themselves trapped, paying $247,000 a month in MCA service fees, falling behind on paying vendors and running out of options. That’s when they…
Originally published on the Turnaround Management Association website. Senior secured lenders want clean exits and quick resolutions, yet many continue to overweight liabilityconcerns in Article 9 sales, favoring the perceived finality of judicial processes over the very UCCprovisions designed to offer a more efficient, non-judicial option. In today’s distressed credit landscape,lenders are thus caught between…
Originally published in ABF Journal. A recent episode of the ABF Journal Podcast explores a strategy that is increasingly vital for middle-market companies caught in a “bottleneck” of distressed debt. As interest rates remain high and businesses are burdened by layered debt—including the predatory impact of Merchant Cash Advances (MCAs)—traditional turnarounds or costly bankruptcies aren’t…
Originally published in ABL Advisor. Michael Petrecca of Rise Alliance and Adam Duso of Second Wind Consultants join Michael Toglia, Publisher of ABL Advisor, for a timely and insightful conversation on the escalating Merchant Cash Advance (MCA) debt crisis impacting small businesses nationwide. Together, they examine the structural challenges facing borrowers amid limited refinancing options, the…
If you’re carrying MCA or high-cost debt, you’ve almost certainly signed a personal guarantee. That means if the business can’t pay, creditors can come after you personally—your savings, your home, your future. It’s one of the heaviest burdens a business owner can carry. And it’s the one most debt relief firms are least equipped to…
As Chief Growth Officer of our parent company, Second Wind Consultants, Robert DiNozzi helps lead a national advisory firm focused on resolving business distress and preserving operating companies across the lower middle market. DiNozzi is a leading voice in modern business renewal, advocating for market-based restructuring approaches that bring lenders, borrowers and buyers into coordinated,…
By Adam Duso and Robert DiNozzi. Originally published in ABF Journal. Discover how a pre-packaged Article 9 restructuring can help senior lenders maximize recovery and bypass the high costs of Chapter 11 by transitioning a viable business into a new entity with a clean balance sheet. In any distressed credit, the senior lender’s objective is…
When you are drowning under multiple merchant cash advances, the pitch sounds like exactly what you need. One payment. Simplified stack. Room to breathe. Whether it is called MCA debt consolidation or reverse consolidation, the promise is the same: relief from the pressure that is crushing your business. The reality is almost always different. And…
Originally published in ABF Journal, by Rita Garwood. Distress is rising across commercial real estate, healthcare, trucking, consumer goods and more, driven by tariffs, rising costs, labor shortages and tighter lending. Top restructuring advisors share where the pressure is building, how companies are getting tripped up and what to expect as the market heads toward a…
ABL Advisor named Rise Alliance a TOP MCA relief firm. Download the guide: The 10 Questions Business Owners Must Ask Any “MCA Debt Relief” Firm. Protecting business owners from false promises, predatory fees, and deeper financial trouble. If your borrower is drowning in merchant cash advances (MCAs), they’re not alone—and they’re not without options. But…
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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.
