4 MCA's at $400,000 - does $1M a month....needs help
Merchant calls me with 4 MCA's at $400,000 and needs payment*relief.
Does $1M a month in revenue
Here are some options I discussed
1.* Debt consolidation of your MCA to lower payment for immediate relief
2.* Factoring of your*accounts receivable aging
3.* Cash out second mortgage on your primary residence - has plenty of equity and Fico 700+
4.* Personal loan based on your personal income from tax return - again Fico 700+
5.* See if he can qualify for a better financial instrument - SBA or term loan
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
Broker, Underwriter, general business loan expert
949.228.1050
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