We arrange them as well John- at times using Institutional lenders and ABL groups like Kevin's (over $1M per month this year on consolidations).

If there are enough receivables, Machinery and equipment (and the entity is profitable- with good debtors), and/or desirable inventory there will always be a way to consolidate MCA advances.

Giving a client that has too many advances- a larger advance- in most instances is just piling on debt- even if the term is extended. If however the client took the quick- wrong debt, and has a good business- it will get done.

HDF brought up the old group Dan was affiliated with (Funding Strategy Partners). I have been working with the former Principal to fix non performing deals from their portfolio of loans outstanding- and many of them have solutions other than advances.

Sometimes more than one lender is needed (ie SeaCoast for the Asset based portion on a revolver and a term loan product to work side by side with them). It isn't easy or quick- but it happens all the time.

Richard 516 510 3855

rg@businesscapitalconsultants.com