Results 1 to 6 of 6
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05-25-2016, 03:53 PM #1
Consolidation Loans Longer than 18 months?
Has anyone heard of a company going longer than 18 months on consolidation loans?
Is this possible?
Thanks.Founder ACA Academy - Educating Sales Professionals to Succeed in the Alternative Lending Industry
Author of Forthcoming Book - "The Lil' Black Book"
klamere@acafundingusa.com
(608)312-3685
To see Keith's LinkedIn Profile Click Here ------->https://www.linkedin.com/profile/vie...ve_tab_profile
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05-25-2016, 04:33 PM #2
- Join Date
- Nov 2013
- Posts
- 600
CAN / BFS does 24 months but have a limited payoff policy.
A consolidation can be done on term loan assuming merchant qualifies but these days 18months is a max term for 90% of the funders out there.
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05-25-2016, 07:35 PM #3
- Join Date
- May 2014
- Posts
- 187
Funding Circle & Fundation will go out 1-5 years
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05-29-2016, 08:13 AM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Yes Keith.. There are several lenders that will extend terms- some up to 10 years- as long as the collateral and earnings support it. As ever: it all depends on the balance sheet, profit and loss, guarantor, and debt service coverage ratio.
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05-29-2016, 04:24 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Consolidation Loans Longer than 18 months?
Richard is correct. There are several Non-MCA programs that your clients may qualify for and several of us would be happy to describe them to you.
I think all players in this space would benefit both themselves and their clients by taking about 10 minutes to know what is available out there.
Bob Shaw
rshaw@advancecredit.com
734-929-3800
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08-20-2021, 08:52 AM #6
- Join Date
- Jul 2021
- Posts
- 74
We can.
jimmy@sigicancapitalcorp.com
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