ABF Journal is pleased to share the latest episode in a 10-part interview series produced by Second Wind Consultants/Rise Alliance on behalf of the Turnaround Management Association (TMA), spotlighting the people and perspectives shaping the turnaround and restructuring industry. In this installment, Merchant Cash Advances: An Engine of Distress, TMA Global President Brian Gleason, CTP, J.S. Held, sits down with Michael Petrecca, Rise Alliance, to explore the rapid rise of merchant cash advances and the mounting challenges they pose for small businesses, lenders, and restructuring professionals.
As traditional financing grows harder to access, alternative funding options have filled the gap—often adding new layers of complexity when companies hit financial distress. Petrecca shares why early intervention, smart restructuring strategies, and cross-disciplinary collaboration are critical to preserving value and driving better outcomes for owners and creditors alike, while reflecting on how TMA’s network has shaped his firm’s approach to serving Main Street businesses. Watch the full conversation for insights on emerging lending trends, the evolving restructuring landscape, and the impact of professional relationships in navigating financial distress.