Consolidation / 2.1 million a month

**giveme** · 10-02-2023, 07:35 PM

Need a A paper lender that would consolidate 5 postions and net merchant an additional 200k capital at roughly a 1.21-1.35

Merchant does approximatly 2.1 million a month, and has outstanding 850k in MCA's.

Any suggestions?

**Ehenek** · 10-02-2023, 08:24 PM

A paper wouldn't take 6-Position. You are most likely best off doing a reversal.
I would personally look at an SBA or an instrument similar to that to restructure debt.

**giveme** · 10-02-2023, 08:28 PM

Originally Posted by Ehenek

A paper wouldn't take 6-Position. You are most likely best off doing a reversal.
I would personally look at an SBA or an instrument similar to that to restructure debt.

I'm looking to buy out the other positions so merchant only has 1 postions. Last deal was for 400k @ 1.34

**Olderguy** · 10-02-2023, 08:41 PM

I could take them all out if they had any property with equity. I don't see anyone taking out 6 positions.

**giveme** · 10-02-2023, 08:50 PM

Technically we could just consolidate 2/3 positions with the top off.

**Yankeeman07** · 10-03-2023, 08:37 AM

Originally Posted by giveme

Need a A paper lender that would consolidate 5 postions and net merchant an additional 200k capital at roughly a 1.21-1.35

Merchant does approximatly 2.1 million a month, and has outstanding 850k in MCA's.

Any suggestions?

Industry?
T.I.B.?
FICO?
State?

**A business generating $24 Million in revenue per year, should be able to look for capital that is NOT IN THE MCA Space.

What did they use the $850K MCA $$$ for?

**Zonefund** · 10-03-2023, 09:16 AM

There are a few funders that would take out 1-2 of them. Good luck finding them. I don't like sharing certain weapons of mass funding.

**giveme** · 10-03-2023, 01:11 PM

Originally Posted by Zonefund

There are a few funders that would take out 1-2 of them. Good luck finding them. I don't like sharing certain weapons of mass funding.

Lol dont tease us.

WHo you got that would take out a position or 2?

**Bcooper** · 10-03-2023, 08:34 PM

Originally Posted by giveme

Need a A paper lender that would consolidate 5 postions and net merchant an additional 200k capital at roughly a 1.21-1.35

Merchant does approximatly 2.1 million a month, and has outstanding 850k in MCA's.

Any suggestions?

the client has a couple of options as far as funding, he could go middle market via a hedge fund or family office if EBITDA is high enough, SBA or debt restructuring. feel free to reach out and I can help you gameplan a strategy for your client.

**giveme** · 10-04-2023, 04:21 PM

Working on a bank loan for long term, but Short Term, we need to clear up merchants cash flow since his daily / weekly MCAs payements are very high. So they plan is to knock out the biggest payments postions first and then swoop in and buy those out with the cheaper bank money.

**Ross Fortune** · 10-10-2023, 10:46 AM

What kind of business? Would an 18 month term with 16% apr interest your client?

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