If you find yourself in a situation where you need to sell or close your business before clearing your outstanding, it's important to note that your MCA agreement will classify the MCA as in default.
In such cases, the terms of your agreement may require immediate repayment of the outstanding balance within a specific timeframe. You may be personally liable for the outstanding under the Personal Guarantee. For detailed information, we recommend reviewing your agreement.
We want to emphasise our commitment to providing assistance and support, especially during challenging times. You don't have to navigate these challenges alone. Feel free to reach out to us, and our friendly team will be more than happy to explore the best course of action together. Your well-being and achieving a successful resolution remain our top priorities.