are merchant cash advances illegal

If you’ve been paying attention to trends in small business financing option, you’ve probably heard of merchant cash advances. There’s a lot of misconceptions and misinformation that’s surfaced regarding these products. Some people have raised concerns regarding the legality of this option. This article will explain the features of merchant cash advances and how they stack up to other options for small business financing. It will also answer the question regarding their legality.

Merchant cash advances technically aren’t loans. A merchant cash advance is a loan based on future credit sales. The loan amount is determined by the merchant’s history of credit receivables. The business obviously must have a reasonably acceptable history. This means that they must also have a good track record as far as credit receivables. Chargebacks, returns, and several other factors go into assessing the business’s risk level. The loan is underwritten in a rather quick amount of time. This is because merchant cash advances aren’t subjected to typical lending guidelines. This is because they’re not actually being secured by any current or tangible asset.

Business owners like merchant cash advances for several reasons. They offer many small business owners the ability to borrow more freely. Many small businesses aren’t able to qualify for traditional loans because their business is structured as a sole proprietorship. With these businesses, the owner is typically risking personal assets if the business fails. In turn, they end up borrowing using their own personal credit. This is typically frowned upon; however, it’s a reality of owning a small business. They’re typically also unable to borrow based solely on business credit because they’re unable to establish a reasonable credit history. This creates a cycle of the business constantly being intertwined with the owner’s personal finances. Merchant cash advances allow the business to use its own sales as the source of repayment. The owner is even able to defer the bulk of the payment to a future maturity date. This is highly beneficial to businesses that are new but expect a spike in revenue in the coming months. This is especially true for businesses that are seasonal in nature.

Bad credit Merchant cash advances also provide quick funding times as previously mentioned. This can be a highly influential deciding factor in favor of using a merchant cash advance. Many small businesses experience unexpected expenses that aren’t figured into the business plan. This creates an immediate need for cash as these expenses often can’t be deferred. Again, since the business is unable to secure traditional loans, they turn to the option of a merchant cash advance. Emergency expenses can also affect a small business of any age. Should this happen, a merchant cash advance can be critical to a business’s survival.

The legality of merchant cash advances is suspected to be questioned for several reasons. Many banks and private lenders could potentially see this service as a threat to their revenue. These companies also may feel that the merchant cash advances should be subjected to the same laws and regulations as their products. Obviously, the merchant cash advance business model is perfectly legal. Many businesses are currently using and enjoying the benefits that these products offer.

While merchant cash advances provide a necessary service to small businesses everywhere, they certainly come at a premium. Since the products aren’t regulated by the same laws as traditional business lending products, the cost can be much higher. Many businesses, however, don’t see this as a deterrent. The benefit to them outweighs the potential negatives. Since these products aren’t heavily regulated, it makes for stronger competition between the merchant cash advance providers. This creates another benefit to the businesses that use the products. With competition come more products at a much lower cost.

Regardless of the current economic climate, most people would agree that this should be an option that remains available to small business owners. The business owners are able to cover expenses and continue on as usual. Although cost is a factor that’s raised a valid concern, businesses are free to shop around among vendors to find the best deal and product for their company. Merchant cash advances will certainly be a topic that will be very prominent in the coming years. It’s certainly a topic worth keeping an eye on.

What does a personal injury lawyer do?

Personal injury lawyers specialize in seeking compensation for individuals injured by other parties. This includes both physical and psychological trauma caused by the negligence of companies or other individuals. This area of the law known as tort law helps the injured party recover damages for medical bills, pain and suffering, and lost wages. Common types of cases handled by personal injury lawyers are listed below.

  • Animal bite injuries
  • Car accidents
  • Motorcycle accidents
  • Aviation accidents
  • Defective products
  • Boating accidents
  • Brain injuries and spinal cord damage
  • Nursing home neglect
  • Medical malpractice
  • Injuries from toxic waste dumping


During this phase, a preliminary assessment is made to determine the potential strength of the plaintiff’s
case. Any potential problems, such as lack of witnesses or contradictory statements, are examined as well. If the San Diego personal injury attorney concludes the case is unlikely to succeed either due to weak evidence against the offending party or lack of a clear legal theory supporting the plaintiff, they may refuse to accept the case. The initial meeting will allow the lawyer to determine if any negligence was involved and if there is a legally culpable party. The client’s medical records are also examined to determine the severity of injuries and appropriate compensation.


After the client retains counsel, a detailed investigation will be done. This involves gathering police reports, medical records, witness statements as well as the client’s financial issues such as lost work or family problems arising from the incident. The psychological impact of the injury in combination with loss of ability to work may lead to divorces and difficulty regaining independence. This “ mental anguish” aspect of the injury will need to be included as part of the case. In some situations, video surveillance data may be available. The personal injury lawyer may contact store owners for camera footage that corroborates the client’s allegation. Another key element of the investigation is contacting witnesses and taking their statements.

The Demand Package

In the next step, a demand for settlement letter is sent to the offending party. This letter will outline the damages the client has suffered including pain and suffering, lost wages, and medical bills. After reviewing the letter, the opposing party can reject, accept it, or send a counteroffer. If a settlement is not reached a lawsuit will be filed.

Filing the Lawsuit

The first step of the lawsuit is the discovery phase. The plaintiff and opposing parties exchange information that allows both sides to evaluate the case of the other. Mediation, an attempt to negotiate a settlement, can either precede filing the lawsuit or be the next step after it is filed. An experienced mediator, often a judge will oversee this part of the proceeding.


Most lawsuits will be resolved by mediation. However, when negotiations fail, a personal injury lawyer’s job is to bring the case to trial where a jury will hear the lawsuit and award any damages including punitive damages

What Is A Waist Trainer?

In the fashion industry, there are many secrets that help make models look untouchable. One of the biggest secrets out there is the slimming waist trainer. These products have been showcased as an effective way to slim down the waist by many popular celebrities as well. In this short article, we’re going to take a look at what waist trainers are and what benefits they can provide for you.

What Is A Waist Trainer?

Waist trainers are simply corsets that, over time, train the waist to become a smaller size. If you think of the old-time corsets that women wear under their dresses, you’ll get an effective picture of what these are. However, realize that the waist trainers today provide permanent results and are much more comfortable than in olden times. In fact, they come with a variety of different fits and are made out of many different materials.

Do Waist Trainers Work?

From the second you put on your new waist trainer, you’ll see a slimming difference in your appearance. Most women will see a reduction of two to three dress sizes when they first put on their waist trainer. When used with a proper diet and exercise program, the waist trainer is effective at resculpting the waist region to a smaller size.

What Types Of Waist Trainers Are Available?

There are many different brands out there that produce waist trainers. However, before deciding which one to buy, you need to understand the different types that are available for purchase. Let’s take a closer look at each one of these types below.

Hook and Eye Closure – This type of waist trainer is the most popular. It contains about two to three rows of closures that are simply latched like a bra hook and eye closure. These are easy to put on and ensure that your waist trainer doesn’t come loose as you move around during your normal day.

Lace-Up – If you’re not into spending the time to clasp all of the hooks on the hook and eye closure waist trainer, you may be interested to know they make lace-up waist trainers as well. These make it simple to grab the end of the laces and pull the waist trainer tight to your body.

Latex – Latex is the most common material that waist trainers are made out of. This is because latex is a thin, comfortable material that stretches with the body. If you plan on using your trainer all day or for working out, it’s a good idea to go with latex to ensure freedom of movement.

Cotton – If you’re allergic to latex or simply prefer a sturdier fit, then cotton waist trainers are available for you. This type of waist trainer typically comes with multiple layers to help shape your waist. The inner-most layer of this type of trainer is typically composed of a thin cotton lining that is soft to the touch since it will be up against your skin.

Various Lengths – Every woman is built a little different from the next. This is why it’s so important that you take into account the length of the waist trainer that you’ll need. Some waist trainer brands specialize in only petite fitting trainers while others market to ladies that need longer trainers.

Helpful Tips For Finding The Right Fit

Finding the right fit makes all the difference in how your waist trainer feels. Here are a few tips that will ensure you find just the right fit for your body.

  • The trainer should fit snug, but not pinch your waist.
  • You should never wear a trainer that makes it difficult to breath.
  • Always measure your trainer size with a fabric measuring tape for best results.
  • Your trainer size should be three to four inches less than your waist measurement.

Why do you need a divorce lawyer

For those who are facing a divorce, it may be tempting to try to save money by not hiring a lawyer. Giving one’s spouse the benefit of the doubt and placing enough goodwill in the process and in their judgement to avoid hiring a lawyer may also seem like a reasonable path. But the truth is that in almost all cases, it isn’t. Unfortunately, in all but the simplest and most amicable divorces, not hiring a lawyer will inevitably amount to a grave error.

Why you need a lawyer

Divorces almost universally result in some degree of animosity. This is bad enough by itself. But when the future of children and the disposition of hundreds of thousands of dollars in assets are at stake, it is a recipe for contention and zero-sum jostling that almost never fails to materialize. The truth is that, at some point, most divorces will get nasty.

And when they do, having an experienced divorce lawyer on your side who is willing to fight hard to get you the best possible resolution can quite literally be close to invaluable. Divorce proceedings and the judgments arising from them are nigh irreversible in almost all states throughout America. And when you go before a judge in family court, that judge holds the power to make or break your future. Just as you would not attempt to represent yourself at a murder trial in which you were completely innocent of the charges, you should never attempt to represent yourself in a divorce proceeding in which you will almost certainly be slandered, accused of things you didn’t do and in which the final verdict will be as binding and, often, as long-lasting as the sentence handed down to a convicted murderer.

Considerations for men

Today, nearly 80 percent of divorces are initiated by women. This is a relatively new phenomenon, which has only emerged over the last 20 to 30 years. But that statistic alone reflects some particularly ugly truths that any man looking at a potential divorce should acquaint himself with quickly and without flinching.

The truth is that women are incentivized to initiate divorces due to the likelihood of being awarded large sums of hard money, valuable property and primary custody of the children. Although you may have deeply trusted your wife at one time, once it is clear that a divorce is imminent, you must realize that you are now dealing with an adversary in a zero-sum contest.

The harsh reality is that women, even good women, can have their ethical compasses jammed when the incentives become strong enough. When there are hundreds of thousands or even millions of dollars at stake, and there exists the real possibility that she may be awarded that and much more in the form of alimony payments, then there is no option but to hire the best divorce attorney that you can find. Failure to do so will all but ensure that you will see the majority of the fruits of your life’s work stripped from you and handed to someone who, in all likelihood, is now engaged in a flat-out predatory gambit.

The necessity for men to hire the best and most experienced divorce attorney almost cannot be overstated. A good attorney can prevent the worst outcomes from materializing, helping you to retain your hard-earned assets and get a fair custody arrangement with your children.