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08-05-2023, 12:09 PM #1
- Join Date
- Mar 2023
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MCA debt settlement Company needs 20k
Company has a Merchant Cash Advance debt of 40K .
They are working on settling half.
9-year-old business
30k a month in revenue
700K in rent over 9 years in great standing
Paid off 300k in equipment leases.
600 Credit for owner
The company took out a MCA to fund a startup. It failed they have paid off two of the 3 MCA loans.
The last one is the one they are requesting help on. Need about 20K.
The company is a distributor of patented exercise equipment.
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