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09-20-2017, 01:29 PM #1
- Join Date
- Mar 2016
- Posts
- 335
Consolidating MCA's with RE
You probably all know this but---- just want to let everyone know there are options out there for these stacked merchants to get bailed out. WBL is still an MCA and (no offense) does not do any saving grace on these troubled companies. Our solution is more inexpensive and funds faster. The only stipulation is that they have to have real estate with equity.
We just funded $450,000 to a service company in San Fran with $360,000 worth of stacked MCA's. Their payment to MCA's was around 39k per month. With our facility, we bought out the MCA debt and their new payment was 12,000 per month. Also, we were able to factor their A/R which sped up incoming cash flow.
This solution does not work for all companies but if there is real estate to pledge, it can save a dying, stacked company.
Bill Doody
949.444.3346
partner@allamericantrust.com
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