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  1. #1
    Banned Reputation points: 769
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    Apr 2020
    Location
    Broomall, PA
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    REFINANCE ALL MERCHANT CASH ADVANCES TO A TERM LOAN w/ FIXED APR AND ONE MONTHLY PAY

    REFINANCE ALL MERCHANT CASH ADVANCES TO A TERM LOAN w/ FIXED APR AND ONE MONTHLY PAYMENT

    Pre-Qualification Requirements (listed on our application & answer in 24 to 48 hours):

    • Names of all MCA Companies owed
    • Total Amount Owed to each MCA company
    • Daily Payments to each MCA company
    • Status with each MCA company (current, default or currently in seizure/garnishment)
    • A current AR aging report
    • A current AP aging report / debt schedule
    • Interim P/L and Balance Sheet and previous year P/L and Balance Sheet
    • Last 12 months of bank statements
    • Completed loan application & documents listed on application (all listed requirements on last page)

    MCA & Business Debt Refinancing General Loan Terms (typically 4 to 7 business days for full underwriting):

    • Refinance all of your current merchant cash advances into ONE MONTHLY PAYMENT
    • Save 50% to 90% on your total current monthly payment amounts
    • Re-amortize your advances to a 2 to 3 year amortization schedule
    • Working capital at closing is possible and determined in underwriting
    • Loan size (all outstanding advances must total a minimum of $150k up to $5mm+)
    • Anticipated annual interest rate (25% to 29%)
    • Anticipated average loan terms (1 year term with a balloon payment and renewable; 2 to 3 year amortization)
    • Personal & Spousal Guarantees required by all owners with more than 5% interest in Company
    • Stock pledge & UCC-1 lien filing
    • Sufficient receivable and/or asset coverage for the loan (determined in underwriting)
    • End of term refinance program options to renew or qualify for a new operating line of credit or term loan

    Contact me for more details:

    Stefan M. Bernarsky
    Chief Investment Officer
    KANJORSKI PARTNERS, LLC
    Cellphone: 570-862-7279 call or text
    www.kanjorskipartners.com/refinance

  2. #2
    Senior Member Reputation points: 4457
    Join Date
    Feb 2014
    Location
    Florida
    Posts
    251

    What is minimum credit score and what credit bureau?

  3. #3
    Banned Reputation points: 769
    Join Date
    Apr 2020
    Location
    Broomall, PA
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    123

    No minimum FICO. We underwrite the business and AR, cash, stock, etc. PGs are part of our term loan but not weighted as heavily as the business itself.

    Feel free to call or text me about our MCA refinance term loan product.

    Stefan Bernarsky
    CIO
    Kanjorski Partners LLC
    570-862-7279 call or text
    www.kanjorskipartners.com/refinance

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