Our client have 4 small cash advances at 50% balance, and needs to consolidate with some additional capital. I am having trouble finding a company that will consolidate because has too many cash advances loans, even though he may qualify for more.
Let me know any feedback..
Best,
Power
Prinicipis
what is the total balance on the advances, and what is his gross volume?
If client has real estate with equity WBL can help. Let me know. Thank you.Quote:
Originally Posted by Powerfunder
I am a direct lender and fund MCA consolidations all day long, typically getting payments down to about one third of what they are currently paying. I'm looking at a client right now that has 9 advances. The number of advances is not an issue for us...but rather how the numbers shake out and whether the client can meet their obligations.
12 month term, monthly payments (no daily payments). No collateral required. We base our underwriting decisions n the health of the company.
Feel free to reach out and I can provide feedback so you know whether this will work for your client.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
ewQuote:
Originally Posted by Christian
Like Matthew said, WBL is a great fit for that type of deal, BFS might do it (although 4 positions is rough/unlikely), PowerUp Lending is advertising a lot lately that they do it, and Payroll Financing Solutions.