Master Lease Agreement wiping out MCA debt
Master Lease Agreement wiping out MCA debt
Client has a lot of yellow iron equipment. Estimated value of $396,000
Got approved for a Master Lease Agreement for $250,000
48 months
Lease factor rate: .035407
Monthly payment of $8,851.86
Borrower needs to pay $5,000 initial deposit to cover all costs and appraisal of equipment. $1,295 non refundable.
Reach out if you need more information on Master Lease Agreements
Steve Benjamin
Professional Business Loans
Irvine, CA 92620
949-228-1050
67 Views
28.95% APR assuming a $1 buyout. Not great but definitely cheaper than MCA debt and stretches the payment out over a longer period. Hopefully merchant/borrower takes the fresh start and makes the most of it.