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02-05-2020, 05:44 PM #1
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02-06-2020, 09:29 AM #2
Reputation points: 8098
- Join Date
- Dec 2017
- Posts
- 277
Below is the message I received from them"
"LendAbiz is the First-Ever True MCA Consolidation Lender in the US!! LendAbiz Capital isn’t a Reverse Consolidation Lender or a WBL concept of a loan this is a True MCA Consolidation Product. LendAbiz is the JV of its own fund.
We underwrite and make the decisions for any approved loan. We are not a broker or super broker we are the funders.
Only way to survive in any industry is to be different and that’s exactly what our investors did in order to revolutionize the industry.
Merchant Benefits:
• Turn merchants daily/weekly payments into 1 monthly payment
• 1 year term loan with monthly payment based on a 2-3 year amortization
• 25% fixed APR
• Save 50-70% on their total monthly payments
ISO Benefits:
• No Broker Commission Claw Backs Ever!
• Full Commission Paid Next Day
• Fund your over-leveraged files in as little as 3-5 business days
• Offers in just 24-48 hours
• Volume Bonus Incentives
Eligibility Requirements:
• Must have Future Receivables
• Must make over $800,000 annually
• No Minimum Credit is Required as long as they have future receivables
• If merchant restructured their payments its ok
• 2 plus years in biz
• No personal Bank Statements
* No Restricted Industries there are none as long as they have receivables. Serious inquiries inbox me."
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02-06-2020, 09:38 AM #3
Reputation points: 8098
- Join Date
- Dec 2017
- Posts
- 277
Yup, it looks like debt relief.
I received the following via email:
"Refinance Merchant Cash Advances to One Monthly Payment
Through our direct capital partners, LendAbiz Capital has developed a business financing consultancy program to help business owners restructure their business debt. We can aid in negotiations for payoffs of judgments and liens filed by Merchant Cash companies and other delinquent accounts your business may have with other creditors and vendors. We can consolidate multiple merchant cash advances to one payment and create a more manageable and stable financing structure for your business. Get your business and your cash flow back!
Merchant Benefits:
Re-amortize / restructure / refinance business obligations
Restructure Bank Loans, Merchant Cash Advances, Lines of Credit, Equipment Leases & Loans, Credit Cards, Vendors, Lawsuits & Judgments
Post Restructuring more traditional financing options available through our Business Loan Program
Turn merchants daily/weekly payments into 1 monthly payment
1 year term loan with monthly payment based on a 2 to 3 year amortization
25% fixed APR
Save merchant 50-70% on their total monthly payments"
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