Financing provided to small businesses can take a number of different forms, including secured loans and merchant cash advances, which are advances made to merchants that are repaid from credit card sales. These assets present unique issues with which our lawyers have extensive experience. They require a detailed analysis of the underlying documentation, the cash flow structures for repayment and third parties involved, including servicers and credit card processors. We have worked with banks, investment funds and small business lending platforms in forward flow purchase facilities, warehouse financings and securitizations of small business loans, merchant cash advance facilities and other types of small business financing structures. Our Banking and Financial Services team provides essential regulatory support for these transactions, advising on the various federal and state regulations applicable to small business lending and merchant cash advance facilities.