[Yankeeman07]

Hi,

I have a merchant with 3 positions totaling roughly 140k. They are looking to consolidate and net an additional 40-60k if possible. They do about 110k a month. Always paid their bills on time with no NSF's. Would any lender touch this?

Get them out of the MCA World - that is what is choking them
Term Loan with a Private Lender (Quicker Closing - 15 business days) or look into a SBA 7(a) Loan (of course that is a much longer closing time)


**Keep in mind EIDL Loans are still available if they have not participated before.

https://www.sba.gov/funding-programs...disaster-loans

[ThorCapitalGroup]

Get them out of the MCA World - that is what is choking them
Term Loan with a Private Lender (Quicker Closing - 15 business days) or look into a SBA 7(a) Loan (of course that is a much longer closing time)


**Keep in mind EIDL Loans are still available if they have not participated before.

https://www.sba.gov/funding-programs...disaster-loans

This comment was really helpful. They never applied for the EIDL and will most likely get approved. Ty.