Month: January 2021

Florida Court Says Merchant Cash Advance Proceeds Not Subject to Usury Act | Bradley Arant Boult Cummings LLP

[co-author: Shelby Lomax] This month, a Florida appeals court ruled that a merchant cash advance (MCA) buy and sell agreement was not a “disguised loan” and, therefore, was not. not subject to the Florida Criminal Usury Act. MCA buy and sell contracts, which provide merchants with a fast and efficient way to obtain financing for […]

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