Merchant Cash Advance Consolidation
Merchant Cash Advances can help with immediate working capital needs, but too many MCA Business Loans for too long can crush a business. A merchant cash advance consolidation is the fastest way to help most businesses owners in this situation. Those who find out the business loan that was suppose to save them, has them up all night and gives them a sick feeling, trying to figure out how to make payments and payroll at the same time.
There are 6 good ways to refinance merchant cash advances and other high rate business debt.
This article discusses the Fastest Way is to use MCA consolidation or MCA refinancing to restore cash flow to your business. Typically, reducing payments by 20-45% within a day or two.
This might not be the best long term financing option, but this can be a bridge to stabilize, giving you time, to seek a better business loan or business financing solution.
The Multiple Merchant Cash Advance Problem
Were you forced to use HIGH-INTEREST Rate MCA’s or other Short-Term Debt to grow your business or keep it afloat during the bumpy past few years?
You aren’t alone. We talk to business owners almost every day trying to wiggle out of the high daily or weekly payments.
We use a variety of programs to help business owners to sleep at night and work their way back to no debt, or reasonable rate loans to grow their businesses. The refi strategy ultimately depends on your situation.
If you need relief now and don’t have time for term loan underwriting, the program I am reviewing now, can bring relief in a day or two.
The 5 Main Ways to Refi MCA’s….
- Purchase Order or Invoice Funding for B2B/B2G
- Unsecured Term Loans
- Secured Term Loans
- SBA or Conventional Loan
- Debt Restructuring Program
- Fastest Way to Refinance is MCA Consolidation
If you are short on time or can’t qualify for a conventional business loan or SBA loan, you can use MCA Consolidation as Bridge Financing.
If you have 2 to 4 weeks for underwriting, it is typically better to use a secured business loan or unsecured business loan with monthly payments, but if time, credit score, debt service coverage ratio is a factor, this may be the best option you have.
We have several MCA refi or MCA consolidation companies. We are outlining a program that has been successful at bridging the gap for struggling businesses.
Here are the basic requirements and Merchant Cash Advance Consolidation case studies:
Minimum Financial Requirements:
- 2 or more outstanding MCA or High Rate business loans
- >$30K in outstanding Merchant Cash or Business Debt balances
- >$30K in business revenue each month over the last 90 days
- < 5 negative days per month on checking account
- > 12 months TIB
- >500 FICO
Preferred Industries include:
- Medical Offices
- Manufacturing
- IT and Software Services
- Agricultural Services
- Educational Services
- Health Services
Industries Not Accepted to This Program: (Accepted to Other Programs- please call)
- Gambling/Casinos
- Porn/Escort Services
- Non-profit
- Financial Institutions
- Jewelry
- Law Firms
- Auto Sales
MCA Consolidation Case Study 1
A Business Paying Out 57% of Revenue on 6 MCA’s
Previous Situation:
- 6 MCA’s/High Interest Loans
- $159,000 MCA/Debt Payoff Balance
- Weekly Payments of $9,884
Current/Bridge (Cash Flow Restoration) Strategy:
- 55% reduction in weekly payments
- Extended Term to 13 months
- $10,000 Additional Working Capital
- Weekly Payments of $4,445
Monthly Cash Flow Increase $21,756
MCA Consolidation Case Study 2
Business Paying Out 51% of Revenue on 6 MCA’s
Previous Situation:
- 6 MCA’s/High Interest Loans
- $1,286,500 MCA/Debt Payoff Balance
- Weekly Payments of $104,000
Current/Bridge (Cash Flow Restoration) Strategy:
- 40% reduction in weekly payments
- Extended Term to 7 months
- $63,500 Additional Working Capital
- Weekly Payments of $63,000
Monthly Cash Flow Increase $164,000
MCA Consolidation Case Study 3
Previous:
- 3 MCA’s/High Interest Loans
- $55,444 MCA/Debt Payoff Balance
- Weekly Payments of $3,335
Current/Bridge (Cash Flow Recovery) Strategy:
- 25% reduction in weekly payments
- Term of 6 months
- Weekly Payments of $2,500
Monthly Cash Flow Increase $3,340
MCA Consolidation Case Study 4
Previous:
- 4 MCA’s/High Interest Loans
- $152,000 MCA/Debt Payoff Balance
- Weekly Payments of $15,100
Current/Bridge (Cash Flow Restoration) Strategy:
- 43% reduction in weekly payments
- Extended Term to 7 months
- $63,500 Additional Working Capital
- Weekly Payments of $8,610
Monthly Cash Flow Increase $25,960
There are many more case studies and which type of cash flow restoration strategy will depend on your situation.
Again, the 5 Main Ways to Refi MCA’s….
- Purchase Order or Invoice Funding for B2B/B2G
- Unsecured Term Loans
- Secured Term Loans
- SBA or Conventional Loan
- Debt Restructuring Program
- The Fastest Way to Refinance is MCA Consolidation
If your current payments and cash flow is driving you crazy give us a call at (317) 589-0118 to see if we can help.
You can also schedule a phone meeting or start the application process below:
Next Steps to Cash Flow Recovery and Reduced Stress…
- Schedule a Call (317) 589-0118 or Complete Simple App
- Simple App, 4 months Bank statements/debt schedule
- We analyze. Present Options- same/next day. Saves You Hours of Time & Money
- If you are ready to reduce payments, go to https://www.bizfundfirst.com/wc-app
- Upload Bank statements or schedule a call https://www.bizfundfirst.com/schedule
- If you apply by mobile, (or statements will not upload) please email statements to service@bizfundfirst.com
If you are stuck with the stress of this financing cash flow problem, call us. Let’s start working on a way out of this issue before it kills your business.