What about Usury?

How can Merchant Cash Advance lenders charge corporate borrowers what they do? The Courts have held a Merchant Cash Advance (a real MCA) i.e. the purchase of future receivables is not a loan.

https://grantphillipslaw.com/new-york-enacts-apr-disclosure-laws/
What about Usury? How can Merchant Cash Advance lenders charge corporate borrowers what they do? The Courts have held a Merchant Cash Advance (a real MCA) i.e. the purchase of future receivables is not a loan. https://grantphillipslaw.com/new-york-enacts-apr-disclosure-laws/
GRANTPHILLIPSLAW.COM
NEW YORK ENACTS APR DISCLOSURE LAWS
Merchant Cash Advance Renewal- The newly enacted law specifically names an MCA as one specific form of corporate financing that S.B. 5470 governs. It's About
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