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MCA Consolidation Loans
DOES YOUR BUSINESS NEED SOME BREATHING ROOM? LOWER PAYMENTS? INCREASE CASH FLOW? MONTHLY PAYMENTS?
MCA Consolidation Loans
Are multiple MCA repayments putting a constant financial strain on your small business?
The Consolidation Program is not based on monthly deposits and cash-flow like MCA loans.
It is based on earnings (net the cost of capital from MCA’s), existing debt on a balance sheet, credit, and the realistic path to Bank lending. These tailored credit facilities have monthly payments with 18-month-24-month amortizations (payback terms), with anticipated ‘exit payments. Accordingly, the due diligence documentation requests are exactly like those banks insist upon plus the original MCA contracts, with current amounts owed. Mindful of the strain small businesses are under when faced with multiple ‘positions,’ Our Lender will offer pre-approvals or declines within three business days of full submissions.
Monthly Payment Consolidation Guidelines
- Entities must be 2+ years in Business.
- Facilities from $50k-$1M
- No cash-out requirement
- Businesses must demonstrate profitability without MCA debt.
- Guarantor FICO score 600+
- Files are fully underwritten with following documents needed for consideration:
Documentation needed:
- 2 years corporate and personal tax returns
- YTD profit and loss (within 30 days of submission)
- Balance Sheet & Debt Schedule
- Contracts from existing MCA positions
- Personal Financial Statement of guarantors
- 12 months of Corporate Bank Statements (all accounts)
Preliminary approvals or declines within 2 business days and closing (when applicable) typically within 20 business days.
FUNDING WE OFFER INCLUDES:
- Secured and un-secured credit lines
- Account receivable factoring
- Merchant cash advances
- Purchase order and inventory financing
- Revenue financing
- Equipment leasing and financing
- SBA Loans
- 401k & securities loans
- business credit cards
- And more…
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