Results 1 to 4 of 4
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09-16-2019, 11:03 PM #1
- Join Date
- Aug 2014
- Posts
- 194
Any options for a merchant that already has a reverse in place?
Approx $200k in monthly Rev, MCA balances approx $120k
Has current Reverse in place, MCA balances will be paid off around end of Nov.
** also has bank loan and LOC in addition that he pays on but those are monthly payments.
Any options for a merchant like this, ideally looking to get some additional relief on his weekly cost of his MCA's/Reverse
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09-16-2019, 11:32 PM #2
- Join Date
- Apr 2014
- Posts
- 781
No...wont go behind a consolidation
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09-17-2019, 05:55 AM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
MCA:
That you said the client has a loan and a line of credit in place in addition to the Reverse MCA Debt makes me believe that there might be an opportunity to help.
The 18 Corporate return showing earnings, YTD growth, and decent guarantor credit might qualify the client for another term note.
Feel free to touch base to explore options..
Richard Gusmano
BCCUSA.com
richard@bccusa.com
rg@businesscapitalconsultants.com
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09-17-2019, 08:29 AM #4
- Join Date
- Jul 2018
- Location
- Brooklyn
- Posts
- 21
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