[Gkwlf]

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!!

[LJH365]

I can get your client a consolidation. Also, does your client own any commercial real estate? Contact info listed below.

Tony
929-309-8972

[biggr]

Sounds like a Dan Page deal if the monthly net income fits

[WestCoastFunding]

Sounds like a Dan Page deal if the monthly net income fits

I don't restaurants are a preferred industry for Dan. And with MCA debt equaling 20% of their gross annual sales, its hard to believe that they'd be net profiting the $30K a month they'd need.

[biggr]

Yes Well said West Coast/

[Comma]

I don't restaurants are a preferred industry for Dan. And with MCA debt equaling 20% of their gross annual sales, its hard to believe that they'd be net profiting the $30K a month they'd need.

That's sharp financial analysis, WestCoast!

[mrjames]

how do i find dan page ? 888-820-0720 ext 702

[Sachip24]

West is right Dan does not do restaurants unless its a chain. Merchant defaulted on 6 lenders by lowering their payments with all this one is going to be tough. if they own the property or have other real estate may be route to go or some type of term loan since credit is good if they have been profitable past two years.

[dpFund]

how do i find dan page ? 888-820-0720 ext 702

Mr. James - I can be reached at 303-938-8280 or dan@fundingstrategypartners.com.

Thanks - Dan

[dpFund]

Thanks bigger, WestCoast and Sachip,

Yeah, will admit that restaurants are not my favorite vertical, although correctly stated above, we will consider if there are a bunch of restaurants like this client, and the client would need to cross-collateralize all of them.

Thanks for running the numbers WestCoastFunding - You are spot on. We would need to see about $30k per month in net income. Based on what I see in the restaurant industry, those would be extremely high margins, and it is highly likely the client has those kind of margins, especially given the fact that he has taken out all those MCAs and is behind on them.

I also agree that their best chance is stretching out the term significantly by leveraging real estate. If that is in play, then we have a serious shot and I can get the rates down to 8% - 12%.

For the record...we are doubling down on consolidations!

Best,

Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com

[RichardGerard]

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!!

Have to say the only thing promising about the post is that it is a Franchise (which has some value). Other than that Restaurants have virtually no assets (the ovens, salamander, and fire suppression equipment depreciate down to zero) other than the walk in box. The owner himself will need to be solid with strong assets, in order for it to make any sense at all. If the owner is solid and there is some collateral, I can likely assist..

Richard

rg@businesscapitalconsultants.com