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09-01-2016, 11:29 AM #1
- Join Date
- Jun 2016
- Posts
- 13
Do you know merchants with a lot of merchant cash advance...i could consolidate them
Do you have Merchants with 3 or more Merchant Cash Advance Loans, and doesn't know what do for decrease their daily payments. We do Merchant Cash Advance Consolidations!
Great Rates! Consolidate all your Merchant Cash Advances in 1 loan and decrease your daily payments!
Send us a Private Message with your scenario, please include the positions they have and the balances of each Merchant Cash Advance.
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09-01-2016, 11:45 AM #2
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Please don't take this the wrong way as I seen your company and would like to learn more. As a company that is wanting to make a difference and assist Merchants who are overwhelmed by their current MCAs, you may want to offer more information other than a "We do consolidations!" I speak for all when I say we are exhausted by that saying.
Are you offering actual loans? Loans with a daily payment is not a loan- it's a restructured MCA. Secure/unsecure? How long do your payments extend? Most MCA balances exceed monthly deposits and to comfortably leverage a consolidation you would need to extend payments more than 12 months.
As a person who has seen MANY consolidation requests- each deal has been passed around like a hot potato and declined several times. Can you give us an example of a consolidation your company has done before?Amanda Kingsley
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