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04-20-2017, 09:44 AM #1
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- Join Date
- Dec 2016
- Posts
- 11
Restaurant Franchise Grossing $1.3mill/annually Needs Consolidation Miracle
I have a merchant with 7 MCA's from 6 lenders and 1 bank loan. He has negotiated with each lender for a lesser payment amount and currently owes $230,000. Credit is in low 700's. I have heard of lenders our there that consolidate multiple positions, but not to sure about something like this.
Any suggestions/feedback/guidance would be greatly appreciated.
Thank you in advance my friends! Happy Funding!!
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