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03-27-2016, 09:28 AM #1
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
John/Bob:
If the Financials support it, and it is apparent that the file WILL end up with an ABL (or a credit facility that will take out the factor and the advances) based on all the determining attributes, I have partners that will BRIDGE the client with an ACH debit. Not dissimilar to a bridge loan in Real Estate, these partners are Private Investors that analyze the files merit- not just the liquidity, which most MCA paper is Underwritten on.
If they feel that it makes sense, they will Bridge the client with an ACH that has favorable terms- and even offer discounts on the factor rate for early pay off. They typically pay 4 points to Originators..
Richard 516 510 3855
www.businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 11743
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