[MCNetwork]

Ha! Nope. It was great. Client was doing $18M annually and generating $400k per month in net profit...ALL of which was going to his daily MCA payments. I was able to convert him to monthly payments and get him down to $120k monthly so we immediately dropped $280k of net profit onto his bottom line which he is using to expand his business. They have been a great client, with on-time payments. These deals are doable for the right clients.

Of course, not consolidations fit this well. So many of them I see are so upside down they cannot be saved. But this fellow had a strong, profitable business and I was able to pull him back from the ledge. :-)

If you got his payments down to 120K per month, he must have not been able to net much after paying off the other balances, unless you got him $2 million plus over a 24 month term. I just don't see how the numbers can work in your favor. This is a guy addicted to cash advances and he'll pile up positions very soon and leave you guys exposed.

[dpFund]

If you got his payments down to 120K per month, he must have not been able to net much after paying off the other balances, unless you got him $2 million plus over a 24 month term. I just don't see how the numbers can work in your favor. This is a guy addicted to cash advances and he'll pile up positions very soon and leave you guys exposed.

Again, I am sensitive about hijacking this thread and did not mean to do so. In this client's case, all he needed was $100k which I was able to qualify him for. He was instantly profitable after the consolidation and did not need any additional funds since now he was $280k in the black on a monthly basis. It does not work for all clients but it worked for him. Any additional questions please email me at dan@fundingstrategypartners.com. Thanks - Dan Page