Reverse consolidation Lenders?
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  1. #1
    Member Reputation points: 31
    Join Date
    Apr 2017
    Location
    Orange County, CA
    Posts
    90

    Reverse consolidation Lenders?

    I am seeing a steady stream of over leveraged clients who are getting hounded by debt settlement companies but simply just looking want to lessen the burden of the weekly cash flow crunch

    They don't qualify for the term loan lenders like Funding circle and want some relief while they we work through the SBA process.

    Anyone good lenders for this?

  2. #2

  3. #3
    Do you have someone in mind for a reverse?

  4. #4
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    If there is a clear path to a long term solution (SBA, Bank Loans/LOC, ABL etc.) we will purchase future receivables to help the client get to the finish line.

    We will however need a full UW package which includes: all MCA Contracts, last 2 years Corp and Personal returns, 6 months of banks (all accounts), & Interim Financials.

    If there is a finite solution, why is it necessary to 'reverse' all the debt? Why can't the cash flow projections for a specific period be met and taken out? We are only interested in 30-60 day periods with the end loan paying us off.

    Feel free to inquire:

    Business Capital Consultants Corp
    3237 Rt 112 Suite 9
    Medford, NY 11763
    rg@businesscapitalconsultants.com
    Office: 631-880-7501

  5. #5
    Total Merchant Solutions, Fundkite, and Arcaius are my favorites for reverses. WBL also has a great consolidation product without any Net% rules.
    David Fite
    Director of ISO Relations

    Windgate Capital
    40 Wall Street, 29th Floor, New York, NY 10005
    Direct: (516) 400-2087 ǀ Fax: (347) 708-8699 | Cell: (929)-361-4156
    David@WindgateCapital.com ǀ https://www.WindgateCapital.com/

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