CounselorLibrary Training and Certification
Merchant Cash Advance Basics
A certification course offered by CounselorLibrary and deBanked

Robert Cook, Kate Fisher, and Cathy Brennan, partners of Hudson Cook, LLP, created this course to help Merchant Cash Advance companies understand and explain merchant cash transactions. Our goal is to help you with your day-to-day discussions with customers so that 1) customers understand how a merchant cash advance works, and 2) you know some of the dos and don'ts.

The course consists of four sections:

  1. Business vs. Consumer Transactions
  2. Purchase vs. Loan and Merchant Cash Advance vs. Loan
  3. The Different Types of MCA Transactions
  4. Common Events of Default

Each section contains a video of between 3-6 minutes long, followed by a quiz of 7-8 multiple choice and true/false questions. You may take the course at your own pace and take each quiz up to three times to achieve a passing grade.

Upon successful completion of the course, you will receive a Certificate of Completion, valid for two years from the date of issue.

Merchant Cash Advance Certification
A monthly, multi-faceted legal reporting service for legal compliance professionals and law firms in the consumer unsecured and personal property-secured lending industry interested in installment lending, student lending, payday lending, title lending, and open-end lines of credit, including credit cards.

For a demonstration and free trial of our latest legal reporter, please contact Mike Willer at (614) 855-0505. Click here for more info.