Consolidation Loans Longer than 18 months?
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  1. 05-25-2016, 03:53 PM #1
    BusinessLendingMadeSimple
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    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


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  2. 05-25-2016, 04:33 PM #2
    FCF Fund
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    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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  3. 05-25-2016, 07:35 PM #3
    Jonathon
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    Funding Circle & Fundation will go out 1-5 years
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  4. 05-29-2016, 08:13 AM #4
    RichardGerard
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    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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  5. 05-29-2016, 04:24 PM #5
    bdshaw
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    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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  6. 08-20-2021, 08:52 AM #6
    Jimmy C
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    We can.
    jimmy@sigicancapitalcorp.com
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