Question from a company with MCA's

[GregMak]

Hi there,

I had a quick question. I recently started a new job as VP of Finance at a great retail company that has been using MCA's to fund product for around 2 years now. They have been working great, but they have recently hit a sales slump, which is now starting to take a toll on the daily payments. The company has 3 daily withdrawals and has never missed a payment.

Question: Are there any providers who would help consolidate these 3 payments and potentially extend the term?

Please excuse me if I posted this in the wrong area, just trying to look for a solution to help free up some much needed cash flow!


Thanks,

[abfunders]

Hi there,
Question: Are there any providers who would help consolidate these 3 payments and potentially extend the term?
Thanks,

Yes there are. Please call me ASAP.

I took care of a client who had 5 positions down to 1, and instead of $18.5k paying total payments weekly, we got her down to $6.5k total payments weekly, and spread out over 26 weeks.

What's your debt schedule look like? Funder, balance, daily payments, payoff date?