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05-09-2024, 12:53 PM #1Member
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How do i solve this puzzle?
Merchant does between 2.5 million to 2.8 million monthly revenue,
Merchant also has 4 MCA positions currently paying close to 200k weekly on payments.
Who would be able to do a true consolidation?
who would buy out the current MCA 4 positions.
Or any other input would be appreciated.
Thank You
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05-09-2024, 12:59 PM #2Senior Member
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I got it bro. need financials, assets, inventory, A/R, etc...
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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05-09-2024, 01:32 PM #3Senior Member
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In answer to the question posed on the top, the puzzle starts to be unraveled with the answers to the following questions:
- What's the industry?
- What's the FICO?
- What's the collateral? AR, RE, inventory or is there any at all?
- What's the senior debt? Most clients with that amount of revenue are probably sitting behind an SBA or bank LOC or a factor and that's why they ended up with the MCAs in the first place.
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05-09-2024, 05:03 PM #4Member
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wanted to say thanks
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05-20-2024, 05:16 PM #5Senior Member
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- Sep 2021
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What is hit total debt with the 4 positions?
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05-21-2024, 06:16 AM #6Senior Member
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- Oct 2022
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My question is what do you define as a "true consolidation"? I am going to use experience and assume that the merchant/client is over leveraged, and this is most likely not a quick fix.
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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