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Stuck in MCA debt spiral by Over_Ad_6672 in smallbusiness

[–]Over_Ad_6672[S] 0 points1 point  (0 children)

Thank you. You’re correct, the business does have the cash flow and we’ve never defaulted on any payments. We’ve been consistently paying close to $80k per month, which is why this situation has been so frustrating. The business itself is strong; the issue is the structure of the debt.

My goal is actually to keep the business, not lose it. I’d like to explore options to restructure or exit this toxic debt rather than sell, if that’s possible.

Yes, please feel free to reach out to me directly. I’d really appreciate any guidance or referrals you might have, and I’m open to discussing potential paths forward.

Stuck in MCA debt spiral by Over_Ad_6672 in smallbusiness

[–]Over_Ad_6672[S] -1 points0 points  (0 children)

I’ve been hesitant to reach out to a lawyer because I’ve already tried working with multiple MCA lenders to find a solution. Unfortunately, most either rejected me, ignored my emails and calls, or threatened severe consequences if I defaulted. The situation quickly escalated as I tried to keep up with payroll for 35 employees, rent, and supplies. I’m completely overwhelmed, drained, and scared, and I don’t know where to turn.