Did a merchant cash advance put your business at risk?

What we're investigating

We review merchant cash advance (MCA) agreements and small-business loans for practices courts and regulators are scrutinizing: usurious effective rates, sham "purchase of receivables" structures, abusive confessions of judgment, undisclosed fees, and aggressive collection against business owners and personal guarantors.

Your business may have a claim if…

• The "advance" had a fixed payback with daily or weekly debits.
• The effective cost worked out to a very high annual rate.
• You signed a confession of judgment and had a judgment entered against you.
• The funder kept debiting after revenue dropped, despite a reconciliation clause.
• Fees, double-dipping, or stacking were never clearly disclosed.
• You were personally pursued on a "business" obligation.

Why it matters

When an MCA is really a loan, it can be subject to usury and lending laws it was designed to evade. Businesses may be able to void the agreement, recover excessive payments, and challenge wrongful judgments.

Lenders we're investigating

We're reviewing merchant cash advance funders and small-business "funding" companies — agreements increasingly challenged as disguised, usurious loans. These include:

• Bitty Advance
• BMF Capital
• ByzFunder
• CAN Capital
• CloudFund
• Credibly
• Delancey Street
• Everest Business Funding
• Fenix Funding
• Fora Financial
• Forward Financing
• Fundkite
• GoKapital
• Greenbox Capital
• GTR Source
• Kalamata Capital
• Kapitus
• Libertas Funding
• Mantis Funding
• Mulligan Funding
• National Funding
• Pearl Capital
• RAM Capital Funding
• Rapid Finance
• Reliant Funding
• Richmond Capital
• SOS Capital
• Uplyft Capital
• Vox Funding
• Yellowstone Capital

This list is for identification only. Inclusion here does not mean any company has been found to have violated the law. Don't see your funder? We still want to hear from you — use the form to tell us.