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06-23-2019, 09:46 AM #1
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Consolidations
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....
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