• Unless the business receiving the loan is a corporation you (or the owner of the company) will personally be sued and treated like anyone who defaults on a loan.
  • As there is no collateral requirement involved in this type of funding, you won’t have to give up your valuable assets if you default on cash advance. Here are some of solutions for this situation: • You can contact your lender and determine a new payment plan. • You can contact your cash advance lender and request more funding (this may not always click, but sometimes it work). • Find another cash advance lender that will give you another cash advance to pay off your previous debt.
  • youd have to talk to them about it

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