Florida Court Affirms That Merchant Cash Advance Item Not Susceptible To Usury Statute

Regulatory, conformity, and litigation developments within the economic solutions industry Home > Alternative Finance > Florida Court Affirms That Merchant advance loan Product Not at the mercy of Usury Statute This thirty days, a Florida appellate court held that a vendor advance loan (MCA) purchase and purchase contract wasn’t a “disguised loan” and, consequently, had not been at the mercy …