Payoff merchant cash advance

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” by paying off the balance and terming
it out much longer, from 6 or 9 months, all the way out to 36 months
or longer.
Call either of the following numbers. On Mobile you can tap either Tel # link, 1-919-771-4177, or 1-855-787-1113 and press dial.
Or Request to be contacted.  Click or Tap Contact-Me

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.

09/25/2015 – Kansas City, KS.   Mid States Landscaping uses $80,000 to payoff merchant cash advance.    Mr. John Baxter, President stated, “With this loan, we were able to payoff 2 merchant cash advances.   We were also able to extend the term of the debt from 6 and 9 month terms to 36 months.   This has taken major pressure off of our monthly cash flow and is allowing us to use the extra capitla for other critical needs.   We expect to be able to expand much more rapidly in the next two years because of our ability to use our funds in more revenue generating ways.”

08/27/2015 – North Wisconsin Contracting pays of two merchant cash advances with one loan.   North Wisconsin contracting had 1 merchant cash advance for $25,000 and another for $10,000.  They had 2 months left on the repayment but could not handle the monthly payments any longer.   They took out a $50,000 loan with a term of 48 months.   $35,000 was used to payoff the 2 cash advances and $15,000 was used for equipment repair.   President Bob Keller said “This consolidation and cash out help our cash flow significantly. We also were able to repair on of our Skid Steers which we will need for the fall season.” The improved monthly cash flow will let us compete for more jobs in the fall by having additional employees.”

07/01/2015 – Dr. Aaron consolidates 2 advances into a long term loan.   Dr. Aaron had 2 cash advances, 1 for $25,000 and a second merchant cash advance for $40,000, for a total of $65,000.   He called in requesting to either payoff the merchant advances or consolidate cash advances into a longer term loan.  He was approved for a $60,000 48 month loan.  The 2 merchant cash advances were paid off and his payment was lowered from several thousand per month to $1,900 per month.  His new payment is less than half of his previous payment.  Dr. Aaron stated “This long term loan helped us get out of our merchant cash advances and really helped our practice’s cash flow.  We now have cash available that is urgently needed for other demands of the practice.”

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,  Call either of the following numbers. On Mobile you can tap either Tel # link, 1-919-771-4177, or 1-855-787-1113 and press dial.   You can compose and send an E-mail to EMail me now by clicking on EMail me  for many of the following reasons we get calls for.

These include “I need to get out of a merchant advance”, “Get out of merchant advance”, or “help payoff merchant cash advance”.  Other callers say, “We need to payoff a merchant advance”, “need to payoff cash advance”, “payoff business cash advance”, or “escape business cash advance”.    Still others will first say they “can’t handle our business cash advance” and will tell you that “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” or “trapped in a merchant cash 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.

Payoff Merchant Cash Advance today
Payoff Merchant Cash Advance

Call either of the following numbers. On Mobile you can tap either Tel # link, 1-919-771-4177, or 1-855-787-1113 and press dial.
You can compose and send an E-mail to EMail me now by clicking on EMail me

For other resources such as writing a business plan, you can contact the SBA.