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09-15-2023, 01:14 PM #1
- Join Date
- Nov 2019
- Posts
- 691
First position mca that works like a line of credit
If you are looking for an alternative to a line of credit products my companies first position deals work a little one. When we renew a merchant at 50% we do not refinance the balance we just extend the term out longer add the new balance to the back of the old the payment stays the same and they pay on the new balance when the old balances is finished.
We may also payoff one or 2 small balances depending on the file to go into second position as well so the merchant does not have another payment added to their debt. We also have cc splits especially for poor bank balances as a first position. Feel free to reach out to me learn more about our programs.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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