[closer129]

I have a client who has recently paid off an MCA, and is interested in getting a line of credit. They do not want another MCA, but a true line of credit for when they make larger inventory purchases. A few of our go to lenders are hesitant to work with the ammunition manufacturing space, despite being willing to do MCA's for them. Credit is 800+, $0 in debt, monthly revenue is averaging about $500k. Does anyone here work with this industry? They're interested in a line of credit of about $100,000. Thanks

If you can sell this to the merchant my mca product works kind of like a line of credit. When we renew the merchant at 50% paid in we keep the payment the same and just extend the term out and they only pay on the new money and when the old pays off then they start paying on the new one. If they do not take the full amount taken we can give earlier renewals by either readjusting the payments for the extra cash or add on another payment depending on the best situation on time of renewals.

Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872