[abfunders]

Hey, let's put this in one thread on some consolidation info!

Non-MCA, there's always factoring and SBAs and LOCs and and LoanMe and 0 APR credit cards and ABL-like programs, and obviously real estate. However, not every MCA funder pays off balances, or at least 2 balances, and what happens if they they need it faster and/or their credit score is poor, or they don't otherwise qualify with collateral needs?

I'll just start with a small list, everyone please add some more! Everyone does reverse consolidations, let's get the real consolidation, you know, adding debt onto debt. Doesn't always make sense for the client, but sometimes it's the only way.

- Advantage - Net 50%, pretty aggressive, too
- VitalCap - Will consolidation 1 position and leave the 1st one open if need be
- Central Diligence Group - Net 60%
- WBL and LiftForward - Needs real estate
- Quikstone - Only CC, Net 75%
- Principis
- FundSoFast
- Everlasting Capital (pays 1 point up front, 1 point at the end, net 0%)
- QuarterSpot - Only needs net 10-45% depending on score, and would be willing to pay off only one position

I'm looking at various marketing emails, these funders claim that they do, I'd like some confirmation:
- Infinity Capital - Up to 2 positions
- The Smarter Merchant

Again, do NOT include reverses on this list. Let's aggregate some MCA consolidations.
Too bad Breakout isn't funding still....

[Mynameisbob]

Arcarius came through for me before big time on a two position consolidation.

[golf2014]

Arcarius uses par if need be fwiw

[PDM Cap]

Pdm capital can do up to 2 positions.

[Ktolbert85]

Arcarius is NOT affiliated with Par or any of their associates. We do have another source for Reverse consolidation that need a longer term than we offer in house. In house we only go out 6 months on reverse consolidations. For it to work for the merchant they should have 3 months or less left on any advances that will be included. Hence, we do not do very many of them at all.

[k lion]

Will any of the above consolidate a cc split into a new one?

[Finance Guru]

Micah, that is correct, we do consolidate up to two positions.

[ryan $]

IOU I believe does No Net Consolidations.

Principis came through on a Renewal, they paid off 2 Stacks and renewed the Merchant. Which was nuts.

[Cfairbank]

Time to add breakout back to the list, Micah! They are still doing zero net consolidations up to 1mm (though most are 100-650k) through their FactorAdvantage product. Prior to the sale, we funded dozens of large deals no one would touch (due to the proprietary nature of product) and at lower APRs that are actually viable for the borrower. Examples via FactorAdvantage include:
- we consolidated as many as 8 positions and a bank line for $640k, zero net
- Several companies that have owners with ficos in the 500s (and one large at a FICO of 470)
- funded many start ups in government contracting space, for companies that have been awarded a contract
- will fund both prime and sub contractors
- consistently fund deals at a 24 moth term
- all of our offers are monthly or weekly payback
- early repayment discounts as low as 1.05x (and can be tailored in a tiered schedule)
- acts like a revolving LoC (and no double dipping of course)

The latter four points apply for both our term loan and FactorAdvantage products. But our FactorAdvantage product is where we can be super aggressive regardless of FICO, TIB, outstanding positions; and all points above apply to FactorAdvantage.

FactorAdvantage is available to companies that have already factored invoices or have “factorable” invoices/AR; breakout is not a factoring company, but the product works in tandem with factors, enabling potentially a double commission for brokers and ensuring low cost, affordable financing for the merchants.

[brokerCompany]

Time to add breakout back to the list, Micah! They are still doing zero net consolidations up to 1mm (though most are 100-650k) through their FactorAdvantage product. Prior to the sale, we funded dozens of large deals no one would touch (due to the proprietary nature of product) and at lower APRs that are actually viable for the borrower. Examples via FactorAdvantage include:
- we consolidated as many as 8 positions and a bank line for $640k, zero net
- Several companies that have owners with ficos in the 500s (and one large at a FICO of 470)
- funded many start ups in government contracting space, for companies that have been awarded a contract
- will fund both prime and sub contractors
- consistently fund deals at a 24 moth term
- all of our offers are monthly or weekly payback
- early repayment discounts as low as 1.05x (and can be tailored in a tiered schedule)
- acts like a revolving LoC (and no double dipping of course)

The latter four points apply for both our term loan and FactorAdvantage products. But our FactorAdvantage product is where we can be super aggressive regardless of FICO, TIB, outstanding positions; and all points above apply to FactorAdvantage.

FactorAdvantage is available to companies that have already factored invoices or have “factorable” invoices/AR; breakout is not a factoring company, but the product works in tandem with factors, enabling potentially a double commission for brokers and ensuring low cost, affordable financing for the merchants.

SO a merchant need to be already factoring or get invoice factoring in order for your factor advantage product to work?

[Kevin Henry-Seacoast]

We have consolidated advances into one facility:
-Used AR and included M&E and Inventory as an accommodation term loan to clean up several advances that were stacked on top of a bank ABL. We did the same for a company that was factoring and was stacked with 3 advances.
-Staffing company-We replaced the current factor and cut the clients rate by over 30%. He has 3 advances totaling $250K that was eating into cash flow. We did the term note ourselves and saved the Company a lot in advance fees which in turn increased cash flow. we don't offer air-balls often.....

[Jason Sterling]

We have consolidated up to 5 positions if it makes sense for the merchant ie saves them hundreds-thousands per day. In those situations our net rule has been down to 50-60%.

[asharaby]

RDM will gladly buy out up to two positions to come into first or second if the merchant can net 50%

[stackcity_4208]

Micah, that is correct, we do consolidate up to two positions.

Devin Minna over at Infinity did some nice consolidations in the past too

[Cfairbank]

SO a merchant need to be already factoring or get invoice factoring in order for your factor advantage product to work?

Nope. They just need receivables. Regardless of whether they are already factored.