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  1. #1
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    Looking for a Business Cash advance Direct lender for Cash advance consolidation

    Our client have 4 small cash advances at 50% balance, and needs to consolidate with some additional capital. I am having trouble finding a company that will consolidate because has too many cash advances loans, even though he may qualify for more.

    Let me know any feedback..

    Best,

    Power

  2. #2
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    Prinicipis

  3. #3
    Senior Member Reputation points: 80829 ridextreme's Avatar
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    what is the total balance on the advances, and what is his gross volume?

  4. #4
    Senior Member Reputation points: 113 MatthewAStucchio's Avatar
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    Quote Originally Posted by Powerfunder View Post
    Our client have 4 small cash advances at 50% balance, and needs to consolidate with some additional capital. I am having trouble finding a company that will consolidate because has too many cash advances loans, even though he may qualify for more.

    Let me know any feedback..

    Best,

    Power
    If client has real estate with equity WBL can help. Let me know. Thank you.
    Regards,

    Matthew A. Stucchio
    Associate

    World Business Lenders, LLC

    120 W. 45th St.
    5th & 29th Floor
    New York, NY 10036

    Main: (212) 293-8200
    Direct: (212) 220-6018
    Fax: (646) 417-7161
    Email: Mstucchio@wbl.com
    www.WBL.com

  5. #5
    Senior Member Reputation points: 7360
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    I am a direct lender and fund MCA consolidations all day long, typically getting payments down to about one third of what they are currently paying. I'm looking at a client right now that has 9 advances. The number of advances is not an issue for us...but rather how the numbers shake out and whether the client can meet their obligations.

    12 month term, monthly payments (no daily payments). No collateral required. We base our underwriting decisions n the health of the company.

    Feel free to reach out and I can provide feedback so you know whether this will work for your client.

    Best,

    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com

  6. #6
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    Quote Originally Posted by Christian View Post
    Prinicipis
    ew

  7. #7
    Senior Member Reputation points: 29407 Zach's Avatar
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    Nov 2013
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    Like Matthew said, WBL is a great fit for that type of deal, BFS might do it (although 4 positions is rough/unlikely), PowerUp Lending is advertising a lot lately that they do it, and Payroll Financing Solutions.
    Zachary Ramirez – CEO
    Phone: 714-516-8110
    Email: zramirez@usacapitalco.com
    www.uscap.co

    1661 N. Raymond Ave #265
    Anaheim CA 92801

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