Need Direct Lender to Consolidate 5 Advances

[ckirklin79]

I have a client who operates pain treatment centers and is looking to refinance 5 MCAs totaling about $380K. Payment affordability is not the issue. They want to free up profits to meet the growth demand by possibly switching from daily to monthly payments or simply a longer term. Any lender suggestions?

[sigmund@laynecap.com]

Need Direct Lender to Consolidate 5 Advances

Consolidating 5 Mca with another Mca lender is nearly impossible. You may want to consider SBA or possibly funding circle. Fundation won't consolidate that many either. Also try Dan page at funding strategy partners. He is on this forum.

[SCP]

^ Ditto. If they're already leveraged to the tune of 5 MCA's, another one is not going to be the solution and that funder will likely want to see the merchant net 30-50% anyways. Dan Page, as mentioned, is a good resource. I'd say PowerUp if it was a smaller file. I also have another one I like to keep close to my chest. Email me and I can make a connection. Best - Ryan

[iso.handler2015]

We consolidate where the merchant has no minimum % they have to net. Most places are 50-70%, as long as the merchant walks away with $5k or more, we can fund it.

6th Avenue Capital
Kieran McQuaid | Director of ISO Relations and Sales
O: +1 646 705 0099 | M: +1 212 470 7188|
Main: +1 877 223 8004
kieran.mcquaid@6thAvenueCapital.com
1001 Avenue of The Americas 10018 NY 17th Floor

[SBF]

LQD in Chicago will look at this too!

[TreyR89]

Need Direct Lender to Consolidate 5 Advances

Just funded a merchant with 4 positions . Consolidated 132k. I have a great relationship with a creative consolidation lender. Email me.
Treyr@apexmcamerchant.com

[Zach]

World Business Lenders is a great resource for these types of deals. We will consolidate any number of positions, we typically lend 2-3X the borrower's monthly deposits, and we offer multiple-year payback lengths.

I'd love to speak with you regarding these types of files and set myself up as one of the lenders you work with.