Navigating Confessions of Judgment (COJ) in Commercial Financing and MCAs
A Confession of Judgment (COJ) is a legal mechanism that fundamentally alters the balance of power between commercial finance providers and business borrowers. In traditional commercial loans and Merchant Cash Advances (MCAs), a COJ operates as a pre-signed admission of liability. By executing this document at the inception of a transaction, a business owner forfeits…

