MCA & Business Debt Relief in New Jersey
Century Relief helps New Jersey business owners settle and restructure merchant cash advance (MCA) and business debt. We work with businesses in Jersey City, Newark, Paterson and Edison and across the state, and the rules below shape what funders can do and how we negotiate.
| New Jersey at a glance | |
|---|---|
| MCA disclosure law | No |
| Confessions of judgment | Pre-signed clauses generally void |
| Usury as a lever | Possible if an MCA is treated as a loan |
| Where we work | Jersey City, Newark, Paterson and Edison and statewide |
Many of the New Jersey owners we talk to run businesses in health care practices, restaurants, contractors and retailers. When revenue dips, fixed MCA debits don't, and that's usually when they call.
If you miss MCA payments in New Jersey
A missed debit usually triggers the default clause. Expect calls to you and any personal guarantor, a demand for the full remaining balance, and possibly a lawsuit, often filed in New York because that's what most contracts specify. A New York judgment can then be domesticated in New Jersey and enforced against your accounts.
Good news on one front: Since 2020, New Jersey bans confession-of-judgment clauses in business financing, including cash advances, to New Jersey businesses (N.J.S.A. 2A:16-9.1). For a New Jersey business, that means a funder generally has to file a lawsuit and win it before it can garnish your accounts here, which buys time to negotiate.
New Jersey rules that affect your settlement
Disclosures. New Jersey has no MCA disclosure law yet; bills are pending.
Interest limits. New Jersey's criminal usury limit for corporations and LLCs is 50% a year. That gives us another point to raise when we negotiate.
Worth knowing: Century Relief is based in Jersey City, and New Jersey owners can meet with us in person.
Nothing here is legal advice. If you've been sued or served, talk to an attorney; we can work alongside one.
How MCA debt relief works with Century Relief
- Map the stack. We list every position, balance and debit date.
- Check your leverage. Reconciliation rights, disclosure compliance and the state rules above all matter.
- Negotiate. We approach each funder with a realistic proposal based on your actual revenue.
- Close it out. Settlements are documented and lien releases requested.
Ready to see your options? Get a free review of your MCA debt, or read the five main MCA relief options.
Frequently asked questions
Can MCA debt be settled in New Jersey?
Yes. MCA funders in New Jersey, as elsewhere, often accept reduced payoffs or longer payment plans when a business can't keep up with the original debits. The outcome depends on your contracts, your revenue and how many funders are involved.
Can an MCA funder get a judgment against my New Jersey business without a lawsuit?
Since 2020, New Jersey bans confession-of-judgment clauses in business financing, including cash advances, to New Jersey businesses (N.J.S.A. 2A:16-9.1). For a New Jersey business, that means a funder generally has to file a lawsuit and win it before it can garnish your accounts here, which buys time to negotiate.
Does New Jersey regulate merchant cash advances?
New Jersey has no MCA disclosure law yet; bills are pending.
Do I need to be in New Jersey to work with Century Relief?
No. We're based in Jersey City, New Jersey, and work with business owners in Jersey City, Newark, Paterson and Edison and everywhere else by phone and video.