[WestCoastFunding]

You have no idea what Im talking about! I was talking about replacing a MCA with the following, if the merchant has Property, Or Another similar program that does Not require more than $35,000 Gross Annual Sales. I was NOT TALKING ABOUT MODIFICATION OR ANYTHING SIMILAR!!!!

Type: Term Loan/Asset
YRS: 12-48 mos
Rates: 1.12% to 1.18%
Time: 5-7 Business Days
Amount: $100,000 to $2MM+ OR 10-15% Of Gross Annual Sales
Payment: Monthly ACH
__________________________________________________ __________

QUALIFICATIONS:
-FICO: 620+
-Must: Own A Business
-Annual Gross Revenue: Must Exceed $1MM
-NO: Bks/Tax Liens/Judgements
-Must Have: Real Estate to Collateralize Loan Utilizing 100% LTV, taking 2nd 3rd Position on AVAILABLE EQUITY, up to the Loan Amount.
-Loans Are Based On:
1) Creditworthiness
2) Business Cash Flow
3) Real Estate Collateral
NOTE:
-No Raw Land
-Has to Be Property on Land
-Primary Residence, OK,
(Except in Homestead States)
-No More Than 3 NSFs in Bank Statements

You claimed the product you sold reduced debt by 50%. Hard money loans (what you describe above) do not reduce debt by 50%. It literally INCREASES the debt.

So what product were you referring to that reduces debt by 50%? If someone owes $100K, how does the product reduce the debt to $50K as you claim?