At Beacon Client Solutions, we collect and analyze data regarding Merchant Cash Advance (MCA) companies. These data are powerful and allow our team of advisors and attorneys to stay one step ahead of MCA companies and their legal team. While we do not publish all data, we do release some data that really describes how predatory MCA companies really are. This article is the complete list for how many lawsuits have been filed in New York from January through June 2023. A link is also included which you can read the full report as well as see some of the other data we collect.
By Thomas Tramaglini, Chief Operations Officer
How active are the MCA companies? See the full list below
We regularly collect and use data which keeps us ahead of the MCA lenders. For instance, the list below is a report of every MCA company who sued a small business in New York from January to June of 2023. We collect these data nationally to ensure that we are informed in our work. A good reason for this is that certain MCA companies have tendencies such as using certain attorneys who use the same playbook for each of their default clients. Such knowledge informs our work and how we will work with our clients to defend their cases or files, as well as how we will work to restructure the client's debt.
This list has a much deeper amount reported and those data can be found here.
Dr. Thomas Tramaglini is the Director of Operations and Negotiation for Beacon Client Solutions, a company that supports small businesses on a host of fronts, especially MCA debt. Thomas has been a small business owner for many years, as well as held leadership positions in several organizations and companies. Thomas holds a B.A. in History, as well as Master’s and Doctorates in Organizational Leadership from Rutgers University, The State University of New Jersey.
Disclaimer: Beacon Client Solutions is not an accountancy, or a law firm. We are business consultants. While Beacon works with outstanding attorneys and accountants, we cannot and do not provide legal or tax advice. All our work is connected to those who are legally certified to give such advice. Beacon does have a longstanding body of work in MCA resolution and understands what small business owners deal with, specific to MCA. Beacon Client Solutions serves clients in all 50 states, Puerto Rico, Mexico and Canada.
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