[FunderGal]

Will Anyone do a REVERSE CONSOLIDATION on a merchant that lowered payments? (Larger Consolidation)
6 Months Left!

[abfunders]

I recommend going asset-based on this one.
If they lowered payments once, that means their current debt structure is too much of a burden, and they probably won't make it through a reverse.

[BillionzandBillionz]

agree with ABFunders. go Collateralized

I know a broker that may be able to help you

Jared Lagemann, can be emailed at jared@bccusa.com, or call office at 631-880-7501.

Just don't ask for Richard Gusmano, he uses very big words and you will be confused.

[FunderGal]

No Asset

[FunderGal]

LOL, @ Confused by Richard G. We met yesterday and had a great conversation.
I know of a few lenders that will do a larger reverse (Reduced Payments is my challenge)
Asset Based Reverse (Main Co Steals Clients IM NOT GOING THERE) FACT!

[golf2014]

Popcorn intermission

[RichardGerard]

Morning All.

If the company is profitable and the guarantor credit is decent (640+) there are bank partners and programs to buy out all the advances without collateral.

Even if the company is break even- once you back out the interest payments and replace the debt with lower cost debt- the banks will approve a real loan. So there are legit ways to do this without collateral. The reverse deals simply don't allow enough amortization time to be helpful. If they charge the factor rate and spread payments out over 24 months- they WOULD work for all involved- not just the Consolidator.