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03-30-2017, 05:53 PM #1Senior Member
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Post MCA Consolidation - Can he get more?
I have a client who wants to work with a "debt consolidation" firm. They renegotiate his terms for him, and pay him, and they pay out to the direct lenders.
He has 8 positions out. Grosses $900k-1mm monthly, nets about 300k due to multiple loans and MCAs and a bank loan. Has $4.1mm out in receivables.
He's feeling the pinch of too much stacking, but he doesn't want to close the door for the future funding through MCAs. No negative days, but it's getting overwhelming.
If he starts working with one of these companies, does he get blacklisted from future lenders? Or should I direct him to a company like Dan Page to just really consolidate himself and get an MCA product?Last edited by abfunders; 03-30-2017 at 07:55 PM.
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