[bdshaw]

I have a merchant I am working with that currently has 5 advances out! Yes, I said 5! His gross annual revenue is around 1.2 million. What he would like to do is get all these paid off and net some extra capital. Between all the advances he currently owes 80k.

Let me know if anyone can get this done.

This sounds like an ABL deal that would be revolving debt running at about
15% a year. Typically these deals stay on the lenders books for several years and commissions are paid throughout the lending period as opposed to an MCA where you get paid once unless they renew.
Bob Shaw
734-929-3800