Default (MCA)
Any event an MCA agreement defines as breach, which reaches far beyond missed payments: changing bank accounts, taking additional financing, dipping below minimum balances, or blocked ACH access can all be contractual defaults even while payments continue.
Why it matters
Default unlocks the funder's remedies: default fees, acceleration, UCC notices to customers, processor freezes, and any Confession of Judgment. The escalation follows a recognizable ladder, and options narrow at each rung, which is why the first default notice, not the fifth, is the moment to act.
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