Results 1 to 4 of 4
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08-10-2018, 08:27 PM #1
Reputation points: 15
- Join Date
- May 2018
- Posts
- 36
Need mca, doing 1.5mm per month, seeking 1.2mm
I have a merchant doing 1.5mm per month, with absolutely stellar credit, true A paper, doing 1.5 million a month seeking 1.2 million in funding EXCEPT he wants the term to be at least 3 years. Is there anybody out there that would take on a 3 year deal? Does that lender exist or do we need to look at other alternatives like loans? I would ideally like to pull off an mca but I dont know anybody that would do more than 2 years.. Any takers?
Ian G. Nadjari
Managing Director
Riverstrong Capital, Inc.
95 Wall Street
Floor 6
New York, NY 10005
Phone: (917) 983-9621
Email: Ian@RiverstrongCapital.com
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08-10-2018, 09:43 PM #2
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,318
No one will offer a 3 year MCA.
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08-11-2018, 08:26 AM #3
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
WestCoast is right: nobody is putting out 3 year MCA's. There are Funds that we work with however, that will deploy capital and receive it back monthly over 3-5 years- with a payment that is a percentage of monthly sales. The cost of capital is typically less than an MCA but more than institutional debt.
UW time is approximately 30 days. Financials and growth trajectory are the things that interest those funds most..
rg@businesscapitalconsultants.com
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08-20-2018, 11:40 AM #4
Reputation points: 991
- Join Date
- Aug 2018
- Posts
- 13
Edward Stone
Senior Funding Coordinator
WG Capital LLC
Direct: 833-386-3766 Ext 701
Cell: 347-582-8538
edward@WGCapitalllc.com
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