Results 1 to 25 of 27
Threaded View
-
10-02-2017, 01:58 PM #10
Reputation points: 23085
- Join Date
- Nov 2013
- Posts
- 598
Reverse consolidations typically has a funder stage fund the payoff amounts while pulling the full amount daily for the whole deal.
For example, merchant has 10k in 3 MCA's paying $750 daily. The RC (Reverse Consolidation) would "refund" the merchant that weeks payment of $3750 (5 x $750 daily) once per week while pulling the daily on the full 10k RC.
Depending on the terms of each MCA usually there is a savings daily, but in the interim the full daily of the RC PLUS the current MCA need to be paid. Also, if his revs qualify for a higher RC plus fresh capital they can look for more funds. More or less this is the program overview, each funder has their own spin to it.
A consolidation is a just a lump sum payout to all the MCA in one shot.
Similar Threads
-
looking for direct lenders
By ahawkins12 in forum Business LoansReplies: 19Last Post: 02-16-2016, 12:18 PM -
Direct Lenders
By Quick Capital Financing in forum Deal BinReplies: 7Last Post: 07-09-2015, 09:35 AM -
New Iso - Looking for Direct Lenders
By thefunder in forum Merchant Cash AdvanceReplies: 12Last Post: 03-03-2015, 02:35 PM -
To direct lenders only:
By LOANLINE in forum PromotionsReplies: 3Last Post: 02-13-2015, 02:01 PM