[Fundthis!]

Merchant's revenue for July 1.2 million
June 1.1 million and May 931k
Has 700 credit score but has 1 million in MCA needs a consolidation. Any lender interested.
Also owns 500k worth of john deer equipment that would put up.

[Olderguy]

Reachout....I have a term loan consolidation guy, also can get cash on the equipment, and get him some accounting services to move him into a SBA to get out of the MCA situation.

[GoldStandard]

Go to his local bank they can give at least $250k on tractor maybe more.

[Yankeeman07]

Go to his local bank they can give at least $250k on tractor maybe more.

50% on the $$ for used equipment ?

[Yankeeman07]

Merchant's revenue for July 1.2 million
June 1.1 million and May 931k
Has 700 credit score but has 1 million in MCA needs a consolidation. Any lender interested.
Also owns 500k worth of john deer equipment that would put up.

Better Question - Why is this merchant in the MCA $$ for the tune of $1 Million ?
What is behind the curtain?

[Bcooper]

Merchant's revenue for July 1.2 million
June 1.1 million and May 931k
Has 700 credit score but has 1 million in MCA needs a consolidation. Any lender interested.
Also owns 500k worth of john deer equipment that would put up.

I have two options for your client that may work for them, depending on ebitda I could take him to the middle market and get him real money paying off the cash advances. We could also send him for debt restructuring (not traditional settlement) and give him about thirty days then take him to the middle market and get him real money. give me a call and lets discuss it these arent my only options but the first two that come to mind that are far faster than the sba.

[TeamFund]

Do you have contact info? There are plenty of options based on reconciliation laws that the merchant can take advantage of.