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09-18-2015, 04:38 PM #1
Reputation points: 7360
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
To throw my hat into the ring...I think that helping the clients who got hammered with too many MCA loans and now are in a panic is one the "next things" for our industry. I have been a direct lender since 2008 (even though I just joined this group recently) and I am seeing more and more clients that fit this profile. Some have painted themselves into a corner so badly there is no way out. But some are catching themselves in time and can be brought back from the edge.
I funded north of $1M in MCA consolidations last month and on track to do more than that this month, typically bringing their payments down to about a third of what they are paying today. Good for the MCA lenders because they get an early payout, optimizing their return on capital. Good for the client because their cash flow increases dramatically, in spite of the fact that they are paying interest on interest.
Feel free to pm if you would like to discuss.
Best - Dan Page
dan@fundingstrategypartners.com
303-938-8280
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