MCA & Business Debt Relief in South Carolina
Century Relief helps South Carolina business owners settle and restructure merchant cash advance (MCA) and business debt. We work with businesses in Charleston, Columbia, Greenville and Myrtle Beach and across the state, and the rules below shape what funders can do and how we negotiate.
| South Carolina at a glance | |
|---|---|
| MCA disclosure law | No |
| Confessions of judgment | Allowed — read your contract |
| Usury as a lever | Limited for business borrowers |
| Where we work | Charleston, Columbia, Greenville and Myrtle Beach and statewide |
South Carolina businesses in restaurants, retail and construction make up a large share of the MCA borrowers we help. Most have two or more advances by the time they reach out. South Carolina's coastal hospitality businesses, from Charleston to Myrtle Beach, face seasonal swings, while Upstate manufacturers deal with long customer terms.
Default, lawsuits and judgments in South Carolina
Funders move fast after a default: collection calls, a demand for the full balance, and sometimes a lawsuit within weeks. Even when the case is filed out of state, the resulting judgment can be registered in South Carolina and used to freeze business accounts, so it pays to negotiate before it gets that far.
This is the biggest risk to plan around: South Carolina allows confessions of judgment on a sworn statement, including for debts to become due (S.C. Code § 15-35-350). If you signed a confession, a funder may be able to get a judgment against your South Carolina business quickly and move to freeze accounts. That makes it important to negotiate before you fall far behind.
South Carolina rules that affect your settlement
Disclosures. South Carolina has no MCA-specific disclosure law, so funders aren't required to show you a standardized total cost or APR. We calculate it for you during your review.
Interest limits. South Carolina doesn't cap agreed commercial rates. Our leverage usually comes from your cash-flow reality, reconciliation rights and the cost of collection to the funder.
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 South Carolina?
Yes. MCA funders in South Carolina, 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 South Carolina business without a lawsuit?
South Carolina allows confessions of judgment on a sworn statement, including for debts to become due (S.C. Code § 15-35-350). If you signed a confession, a funder may be able to get a judgment against your South Carolina business quickly and move to freeze accounts. That makes it important to negotiate before you fall far behind.
Does South Carolina regulate merchant cash advances?
South Carolina has no MCA-specific disclosure law, so funders aren't required to show you a standardized total cost or APR. We calculate it for you during your review.
Do I need to be in South Carolina to work with Century Relief?
No. We're based in Jersey City, New Jersey, and work with business owners in Charleston, Columbia, Greenville and Myrtle Beach and everywhere else by phone and video.