Merchant Cash Advances REFINANCE

Refinance Defaulted, Modified & Performing MCA’s
into a 24 to 36-month term loan with
ONE MONTHLY PAYMENT

Here is a program to help your small business get out of high rate MCA, revenue or cash flow loans and into a monthly payment

Frequently Asked Questions:

WHAT ARE THE BASIC REQUIREMENTS TO REFINANCE MCA?

Businesses with $1,000,000 or more in gross revenue; Merchant Cash Advance total balance of all advances should be at least $250,000; Must have Accounts Receivable on their balance sheet and/or subscription cash flow agreements with their customers; business assets such as cash, stock, inventories or real estate help with qualification

ARE YOU LENDING RIGHT NOW? (Lending during coronavirus)

Yes. Yes. Yes. And yes.
There is no better time for us to be helping American Small Businesses get away from predatory short term and high interest Merchant Cash Advances.

DO YOU PROVIDE WORKING CAPITAL TOO?

Yes. We provide working capital at closing in addition to the required Merchant Cash Advance refinance.

WHAT IF MY BUSINESS HAS MORE THAN ONE MERCHANT CASH ADVANCE?

There is no limit to the number of Merchant Cash Advance “stacks” or multiple simultaneous advances that we will refinance. We pay off all Merchant Cash Advance positions and put it all into a ONCE-PER-MONTH PAYMENT 24 to 36-month amortized term loan.

WHAT IF MY BUSINESS HAS MISSED, ALTERED OR DEFAULTED PAYMENT?

This is the specific situation that we are here to help and alleviate. Businesses with 3 or more merchant cash advances will typically and eventually default when they cannot get a new advance to pay the previous advances. We are here to help and save businesses that made bad financing decisions or had to take Merchant Cash Advances because there were no other loan products available.

WHAT IF MY BUSINESS WAS REJECTED BY THE SBA OR THEIR BANK?

This is the exact business owner that we are here to help. The SBA will not issue new financing to businesses that have active Merchant Cash Advances. They must be at least 6 months “Merchant Cash Advance-free” for the SBA to consider financing a small business.

WHAT IF MY BUSINESS HAS AN SBA LOAN OR TAKES SBA DISASTER ASSISTANCE?

We lend to business where we are subordinated or pari passu to/with the SBA or traditional bank loan. We prefer that every business takes advantage of the government-issued SBA disaster relief. We are actively helping all of our current borrowers and future borrowers file for SBA disaster assistance.

WHAT IF MY BUSINESS HAS AN ACCOUNTS RECEIVABLE / INVOICE FACTORING LENDER AGREEMENT IN PLACE ALREADY?

This is more than okay. We can refinance/pay-off the current factoring loan as well as the Merchant Cash Advances and roll it all into a ONE MONTHLY PAYMENT 24 to 36-month amortized term loan.

HOW DO I GET STARTED?

We will discuss your situation and determine the best financing plan options for you.

Its that easy and this is the best time to address your small business finances.

MCA REFINANCE PROGRAM OVERVIEW:

24 to 36-month amortized, 12-month renewable term loan to refinance all MCA positions
Additional working capital available pending underwriting
One MONTHLY ACH loan payment
Possibly Save businesses 50% to 90% on current monthly debt service payment
25% to 29% fixed APR (equivalent to a 1.25 to 1.29 factor rate over 12 months)
Businesses must fill out application and submit requested documents to pre-qualify
Pre-qualification takes 1 to 2 business days
Term sheets issued to qualified businesses outlining proposed financing offer
5 to 10 business days to closing/funding from term sheet execution & on-site due diligence
$150,000 minimum to $5,000,000+ refinance funding available
No FICO minimum
Company must have outstanding receivables (A/R) owed to them

If you are an over-the-road / long haul trucking submissions or CA businesses this program will not work for you, please call or contact us for other options.

MCA Refinance Case Study:
$230,000 in Advances (6 MCAs) to ONE MONTHLY PAYMENT

MONTHLY DEBT SERVICE SAVINGS / INCREASE IN MONTHLY FREE CASH FLOW: $34,332
Total Active Merchant Cash Advances: 6
Total Balance of Merchant Cash Advances: $230,000 +/-
Total MCA Payments Each Month (aggregate of daily / weekly payments): $48,956
New Total Payment From Refinance & New Working Capital (ONCE PER MONTH): $14,624
Free Cash Flow Added Monthly to the Business: $34,332
Total New Loan: $275,000 (business received $30,000 in working capital after closing fees)
Loan Term: 12 months, renewable for another 12
Loan Amortization (Payment Schedule): 24 months

Please call or contact us for financing options.

To learn more about merchant cash advance.