MCA & Business Debt Relief in Tennessee
Century Relief helps Tennessee business owners settle and restructure merchant cash advance (MCA) and business debt. We work with businesses in Nashville, Memphis, Knoxville and Chattanooga and across the state, and the rules below shape what funders can do and how we negotiate.
| Tennessee 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 | Nashville, Memphis, Knoxville and Chattanooga and statewide |
In Tennessee, MCA debt shows up most often among businesses in restaurants, health care and retail. Whether you're in Nashville, Memphis, Knoxville and Chattanooga or a smaller town, the process is the same and happens by phone and video. Tennessee's trucking and logistics companies around Memphis and Nashville, plus a large restaurant and hospitality sector, are among the heaviest MCA users we see in the region.
Default, lawsuits and judgments in Tennessee
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 Tennessee and used to freeze business accounts, so it pays to negotiate before it gets that far.
Good news on one front: Tennessee voids powers to confess judgment given before a lawsuit (Tenn. Code Ann. § 25-2-101). For a Tennessee 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.
Tennessee rules that affect your settlement
Disclosures. Tennessee 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. Tennessee caps written contract rates at the lesser of prime plus four points or 24%, with no general business exemption, though commercial parties can choose another state's law. That gives us another point to raise when we negotiate.
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
- Free review. We go through every advance, your bank statements and what each funder has already collected.
- Stop the bleeding. We help you avoid stacking another advance and plan around your cash flow.
- Negotiate funder by funder. We work toward reduced payoffs or payment plans that fit your revenue.
- Get it in writing. Every agreement is documented, including UCC lien releases when balances are resolved.
Ready to see your options? Get a free review of your MCA debt, or read the five main MCA relief options.
Frequently asked questions
Will MCA funders negotiate with a Tennessee business?
Often, yes. A realistic proposal backed by your bank statements gives a funder a reason to accept less or stretch the payments out, rather than chase a business that can't pay.
Can an MCA funder get a judgment against my Tennessee business without a lawsuit?
Tennessee voids powers to confess judgment given before a lawsuit (Tenn. Code Ann. § 25-2-101). For a Tennessee 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 Tennessee regulate merchant cash advances?
Tennessee 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 Tennessee to work with Century Relief?
No. We're based in Jersey City, New Jersey, and work with business owners in Nashville, Memphis, Knoxville and Chattanooga and everywhere else by phone and video.