Payoff merchant cash advance
How can you payoff a merchant cash advance? If your business is trapped in a merchant cash advance, you can,
“escape my merchant advance” or payoff merchant cash advance by paying off the balance and terming it out much longer, from 6 or 9 months, all the way out to 36 months
Determine what your balance is. Complete a list of your equipment assets,
which includes Computer, medical, industrial equipment and machinery.
We will approve a loan to payoff your balance and payoff your merchant cash advance
and help you set up a 24, 36 or 48 month repayment term. Even if you only want
to term the balance off to 24 months, this will significantly reduce your monthly payment compared to what your business was paying.
Payoff merchant cash advance
If you took out a $25,000 merchant advance for 6 months you were paying around $248 per day, or $5,457 per month. By terming the financing out to 24 months, you will reduce the monthly payment to $1,562 per month, which is only 28% of what you were paying. If you go out 36 months, you will reduce your payment to $1,083 per month, 19.8% of the amount you were paying. This difference will make a dramatic positive influence on your cash flow.
How do I payoff my MCA Merchant cash advances? What is a an MCA Merchant Cash Advance Payoff?
My MCA Merchant Cash advances are killing me. These MCA merchant cash advances are killing my business and going to force me to close my business. How can I save my business from these MCA’s?
These financing products all payoff MCA merchant cash advances. The payoff is through a consolidation that lowers your daily payment at least 40% or more. Start now.
Most frequent Requests:
– Help me payoff my MCA Merchant Cash Consolidation.
– I need get rid of my MCA Merchant Cash Advances
Help my business get out of my cash advances.
Some customers call in, skip the questions, and just ask us to do consolidate advances. All of these requests fall into the same MCA consolidation relief product.
November 9, 2016. Tucson belt company pays off merchant cash advance with 1 loan.
The company had 3 merchant cash advances totaling $75,000 with a total monthly payment of $15,000. The monthly payment was using almost all of the company’s cash flow. The company had 6 months left on their advances. The three advances were combined for 1 loan for 12 months. The monthly payment was lowered to $7,500, thereby increasing the company’s cash flow by $7,500 per Month. President Bradford Jennings told BizTucson, “This Consolidation program was an excellent and necessary way to improve the cash flow for these Advances. It has dramatically improved our monthly cash flow. We will be able to increase our advertising and inventory levels. Gross receipts are expected to increase and net income rise. We look forward using the increased cash flow for productive reasons.”
If you are a business owner that took out a short term cash advance and are saying any of the following things or questions below, contact us today to get cash flow relief.
Callers will say they need to get out of a merchant advance to help payoff a merchant cash advance. Other callers say they need to escape a business cash advance. Many businesses will admit they can’t handle our business cash advance. They will specifically say: We are trapped in a merchant cash advance. The message is always similar in that business owners tell us they are trapped in a merchant advance.
You will only need to complete a short 1 page Mini app and provide an equipment list which can be completed online. The approval process takes 1 – 3 business days. If you are approved, the closing documents may be E-Mailed to you or completed online. You complete them and return the completed documents via fax. A verbal verification call is completed with you and you receive funding within 1 to 2 business days afterwards.
Assistance is available in many cities to help you with your business based on the Region you are in.
For other resources such as writing a business plan, you can contact the SBA.