Why Do Merchant Cash Advance Companies Record Judgments In NY?
FFGN COLLECT NY
SEPTEMBER 23, 2022
The goal of the merchant cash advance lender, or any lender, is to be able to enter a judgment and seize assets quickly once a loan goes bad. The loans almost always include a personal guaranty , which provides relief for the lender against more than the corporate borrower, who might likely be failing.
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