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04-03-2020, 11:32 AM #1
- Join Date
- Apr 2020
- Location
- Broomall, PA
- Posts
- 123
REFINANCE ALL MERCHANT CASH ADVANCES TO A TERM LOAN w/ FIXED APR AND ONE MONTHLY PAY
REFINANCE ALL MERCHANT CASH ADVANCES TO A TERM LOAN w/ FIXED APR AND ONE MONTHLY PAYMENT
Pre-Qualification Requirements (listed on our application & answer in 24 to 48 hours):
Names of all MCA Companies owed
Total Amount Owed to each MCA company
Daily Payments to each MCA company
Status with each MCA company (current, default or currently in seizure/garnishment)
A current AR aging report
A current AP aging report / debt schedule
Interim P/L and Balance Sheet and previous year P/L and Balance Sheet
Last 12 months of bank statements
Completed loan application & documents listed on application (all listed requirements on last page)
MCA & Business Debt Refinancing General Loan Terms (typically 4 to 7 business days for full underwriting):
Refinance all of your current merchant cash advances into ONE MONTHLY PAYMENT
Save 50% to 90% on your total current monthly payment amounts
Re-amortize your advances to a 2 to 3 year amortization schedule
Working capital at closing is possible and determined in underwriting
Loan size (all outstanding advances must total a minimum of $150k up to $5mm+)
Anticipated annual interest rate (25% to 29%)
Anticipated average loan terms (1 year term with a balloon payment and renewable; 2 to 3 year amortization)
Personal & Spousal Guarantees required by all owners with more than 5% interest in Company
Stock pledge & UCC-1 lien filing
Sufficient receivable and/or asset coverage for the loan (determined in underwriting)
End of term refinance program options to renew or qualify for a new operating line of credit or term loan
Contact me for more details:
Stefan M. Bernarsky
Chief Investment Officer
KANJORSKI PARTNERS, LLC
Cellphone: 570-862-7279 call or text
www.kanjorskipartners.com/refinance
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04-03-2020, 11:40 AM #2
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 261
What is minimum credit score and what credit bureau?
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04-03-2020, 12:26 PM #3
- Join Date
- Apr 2020
- Location
- Broomall, PA
- Posts
- 123
No minimum FICO. We underwrite the business and AR, cash, stock, etc. PGs are part of our term loan but not weighted as heavily as the business itself.
Feel free to call or text me about our MCA refinance term loan product.
Stefan Bernarsky
CIO
Kanjorski Partners LLC
570-862-7279 call or text
www.kanjorskipartners.com/refinance
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