Results 1 to 5 of 5
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07-29-2019, 10:35 AM #1
- Join Date
- Jul 2019
- Posts
- 6
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?
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07-29-2019, 10:50 AM #2
- Join Date
- Jun 2017
- Posts
- 2,049
This is Ridiculous.
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07-29-2019, 11:14 AM #3
- Join Date
- Jun 2015
- Posts
- 3,323
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07-29-2019, 11:18 AM #4
- Join Date
- Feb 2017
- Posts
- 3,429
Try for a term loan or Line of Credit with no prepayment penalty
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07-29-2019, 11:22 AM #5
- Join Date
- May 2019
- Posts
- 30
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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