Everything You Need To Know About MCA Consolidation.
Simplifying your finances, amplifying your success.
Consolidation allows you to immediately reduce payments by up to 50% by extending the repayment term by up to 50%. This gives business owners the flexibility to pay down the suffocating debt while continuing to grow their businesses, immediately improve liquidity, and reduce the financial burden caused by having multiple daily payments.
Best Uses For Consolidation.
A consolidation combines multiple cash advances and extends the payback term in order to lower the payment to improve day-to-day cash flow and maintain a positive payment history.
Reduce Debt Servicing
Reduce your payments by up to 50% without compromising your ability to obtain funding in the future.
Keep Payments Current
When juggling multiple MCAs, the last thing you want to do is start missing payments and falling behind on your obligations.
Improve Cash Flow
Give yourself breathing room with weekly cash infusions and a revised payment plan that frees up your business’ cash flow.
Enhance Stability
Regain control over your finances to achieve financial stability with a predictable, more affordable payment.
Unsure if it's a fit? Check out the Product Use Case Evaluation for more guidance,
or schedule a complementary Funding Consultation to go over your specific needs.
Unique Features Of
MCA Consolidations.
Avoid Judgments or Bankruptcy
With multiple high daily or weekly payments, your business may be at risk if cash flow becomes too compromised. Before reaching that point, you can roll your payments into one lower payment and give your business the breathing room needed to recover.
Stay Current on Debt Obligations
If your payments start cutting into your profits, it may become difficult to cover the cost of day-to-day operations while continuing with your current payment schedule. Consolidating will help you avoid disaster while still maintaining a positive payment history.
Free Up Daily Cash Flow
By combining your balances and extending your current repayment term, we're able to lower your total payment by up to 40% without any adverse effects on your business credit or your ability to obtain additional funding in the future.
Reduce Debt Servicing Cost
If payments become unmanageable, the worst thing to do is take additional funding to cover payments. Instead of adding another payment to the pile, consolidate to lower your total debt service cost and give life back to your business.
Qualifying For A Consolidation.
These requirements are a general rule of thumb, but by no means, are they set in stone. Certain exceptions can be made, depending on the circumstances. If you're unsure if you qualify, contact us for personalized assessment.
Minimum Revenue
Minimum of $30,000 average monthly revenue
Minimum Time in Business
Minimum time in business of at least 1 year or more
Minimum Credit Score
Minimum personal credit score of 550 or higher
Past Payment History
No active judgments or prior defaults on funding
Ready To Get Started?
Applying for a Consolidation is easy. Complete your application, provide your balances, and we'll take of the heavy lifting. In just a few hours, you'll be getting a phone call to review your new repayment terms. Providing you with instant liquidity, your savings starts as soon as you sign on the dotted line.
The feeling of relief is just around the corner.
Or continue exploring your funding options.