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07-11-2024, 07:07 PM #1
- Join Date
- May 2023
- Posts
- 31
Surgical center w/ $1.7mm in mca debt
What would you do ?
I have a merchant who owns a few surgical centers. Rev between their accounts is $2-2.5mm with $7-8 mm in AR
Merchant has approx $1.7mm in mca debt and **** credit. Wants to get rid of his mca debt potentially using his AR but if using a factoring company , their ucc would need to be subordinate, which no one is okay with. No SBA and doesnt want to use property...yet. So im dead in the water I think
What would you guys do ? Any direction you guys suggest I look into ?
Thanks
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