Loan that converts to an MCA after 30 days
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  1. #1

    Loan that converts to an MCA after 30 days

    Have a merchant that needs 200K to bid on a project and only wants to keep the money if he receives the contract. Basically he wants 200K for a fee and if after 30 days he keeps it, it will convert into an MCA, anyone know a funder that can do that?

  2. #2
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    This is Ridiculous.

  3. #3
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    Quote Originally Posted by shoy18 View Post
    Have a merchant that needs 200K to bid on a project and only wants to keep the money if he receives the contract. Basically he wants 200K for a fee and if after 30 days he keeps it, it will convert into an MCA, anyone know a funder that can do that?
    you got to get him an mca with a really good early payoff if paid off in 30 days

  4. #4
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    Try for a term loan or Line of Credit with no prepayment penalty

  5. #5
    That just sounds like an early payoff discount on an MCA contract . CDG can help! team@centraldiligencegroup.com or 877-961-4403 x101

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