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  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Consolidate 6 MCAs

    6 MCAs
    Total: 548,000
    14,600 Daily

    AR: 460,000
    Around $3.4 Gross
    Commercial property is fully leveraged SBA.

    any options for this merchant?

  2. #2
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    guys over 100% holdback, no one is gonna touch it

  3. #3
    over-exposed for us, unfortunately
    Emily Clow
    Partner Manager
    (214) 208-5390
    emily@getbackd.com
    www.getbackd.com

  4. #4
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    may be able to get a reverse on some of the positions. Don't see anyone really getting involved on the whole balance.

  5. #5
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by brokerCompany View Post
    6 MCAs
    Total: 548,000
    14,600 Daily

    AR: 460,000
    Around $3.4 Gross
    Commercial property is fully leveraged SBA.

    any options for this merchant?
    6 MCAs taking $306K a month....the merchant averages under $300K per month

    This is helping out the merchant how exactly?

    This is the predatory nonsense that is going to get this industry in trouble

  6. #6
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    What type of Business?

    Equipment Leaseback may be an option.

  7. #7
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Quote Originally Posted by Chambo View Post
    6 MCAs taking $306K a month....the merchant averages under $300K per month

    This is helping out the merchant how exactly?

    This is the predatory nonsense that is going to get this industry in trouble
    No doubt, lady was a moron and worked with some shops that are very skilled at lying

  8. #8
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    Sinking ship

  9. #9
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    Quote Originally Posted by brokerCompany View Post
    6 MCAs
    Total: 548,000
    14,600 Daily

    AR: 460,000
    Around $3.4 Gross
    Commercial property is fully leveraged SBA.

    any options for this merchant?


    Franklin capital group

  10. #10
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    Quote Originally Posted by brokerCompany View Post
    6 MCAs
    Total: 548,000
    14,600 Daily

    AR: 460,000
    Around $3.4 Gross
    Commercial property is fully leveraged SBA.

    any options for this merchant?
    One 1 Pay-Off Existing SBA with a new SBA with enough to pay off existing MCA's.

    Option 2)3 year term amortized over 10 years.

    Bigger question, why is this merchant going to the MCA market for long term capital needs?

    Just a few quick thoughts
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  11. #11
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    Quote Originally Posted by Yankeeman07 View Post
    One 1 Pay-Off Existing SBA with a new SBA with enough to pay off existing MCA's.

    Option 2)3 year term amortized over 10 years.

    Bigger question, why is this merchant going to the MCA market for long term capital needs?

    Just a few quick thoughts
    Not gonna happen....
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  12. #12
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Quote Originally Posted by Yankeeman07 View Post
    One 1 Pay-Off Existing SBA with a new SBA with enough to pay off existing MCA's.

    Option 2)3 year term amortized over 10 years.

    Bigger question, why is this merchant going to the MCA market for long term capital needs?

    Just a few quick thoughts
    They are not looking for another MCA now! They were just idiots and took out all this MCA debt because one of their larger customers started paying slower and their factoring company decided to cut them off.
    I dont think they have enough cash flow for SBA. Might be a dead deal with us.

  13. #13
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    Quote Originally Posted by brokerCompany View Post
    They are not looking for another MCA now! They were just idiots and took out all this MCA debt because one of their larger customers started paying slower and their factoring company decided to cut them off.
    I dont think they have enough cash flow for SBA. Might be a dead deal with us.
    Who's the factor? Maybe find a factor who won't be so intimidated?

  14. #14
    Senior Member Reputation points: 338265
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    Quote Originally Posted by abfunders View Post
    Who's the factor? Maybe find a factor who won't be so intimidated?
    Not going to happen unless they are idiots. Company has over-advanced themselves too much and stomped on everyone's agreements.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  15. #15
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    Quote Originally Posted by brokerCompany View Post
    They are not looking for another MCA now! They were just idiots and took out all this MCA debt because one of their larger customers started paying slower and their factoring company decided to cut them off.
    I dont think they have enough cash flow for SBA. Might be a dead deal with us.
    A Term Loan is NOT an MCA - either way the merchant may have sunk themselves.

    I just out forth a couple of 'possible options" - without knowing all details, no one could offer
    any concrete solution.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  16. #16
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    depending if they have equipment, can be option there, or inventory can be another option there. but as for reverse its a sinking ship

  17. #17
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    Just put me in the race and watch!!!

    Bilderberg Business Lenders
    732-552-5010

  18. #18
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    I am doing 9 positions right now.
    Contact me ASAP!!!

    Bilderberg Business Lenders
    732-552-5010

  19. #19
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    I will cut his payment by 70% or more into only one payment.

    Anthony Auriemma
    Phone : 848-480-1814
    Fax: 888-440-1760
    Cell: 732-552-5010
    Email: anthony@BilderbergBusinessLenders.com

    www.BilderbergBusinessLenders.com

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