Results 1 to 4 of 4
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06-09-2016, 02:04 PM #1
Refinance Funding Circle
Who can refinance a Funding Circle and MCA? 350k total debt 3.5M annual revenues. NO commercial AR or real estate
thanks
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06-09-2016, 02:32 PM #2
- Join Date
- Jul 2015
- Posts
- 120
Dan page would be the man
Brent Goggins
Business Credit Consultants
ISO Relations Manager
Direct: 518-776-7501
Email: BrentG@bccusa.com
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06-10-2016, 09:45 AM #3
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Thank you for the mention, Brent!
It is possible to consolidate Funding Circle in tandem with MCA debt, but the challenge will be the percentage of FC debt relative to MCA. Since FC has great rates over a long (3-5 yr) time period it can be challenging to make the numbers work for the client...which gets us back to the amount of MCA debt that is being combined.
Feel free to reach out and see if we can make this work!
Best,
Dan Page
dan@fundingstrategypartners.com
Direct: (303) 938-8280
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06-11-2016, 10:42 AM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Depending on the Historical Financials and profitability (or lack thereof), and balance sheet- there might be several possible solutions.
As Dan mentioned paying off a 3-5 year credit facility with an 18 month one will be hard to fit into a DSCR equation. However we have been successful in such situations quite often, and have successfully consolidated firms with as many as 13 positions (that showed 7 figure annual losses).
Feel free to touch base..
Richard 516 510 3855
www.businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 11743
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