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
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.
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.
01/16/2015 – Mikes Trucking pays of a merchant advance and converts a 6 month $30,000 balance into a much longer 36 month term product. President Mark Akers stated, “this takes a tremendous amount of pressure off our daily cash flow for the business. Before the payoff, we were paying $5,000 per month. After extending the term to 36 months, we lowered the total monthly payment to $800 per month. This creates a new large cash flow that we did not have after taking the advance. We will pay this off over 36 months. If we need capital again, we will look to do another longer term loan instead of these short term loans that really kill our cash flow. Those short term financing products are dangerous for our business. We got ourselves into something we could not handle and could not get out of.”
If you are a business owner that took out a short term cash advance and are saying the following things below or asking the questions below, call us at Tel: 919-771-4177 or E-Mail us at firstname.lastname@example.org.
– I need to get out of a merchant advance
– We need to payoff a merchant advance
– We can’t handle our business cash advance
– We are trapped in a merchant cash advance and need help.
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 are E-Mailed to you. 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.
Escape the merchant cash advance now and call us today at Toll Free: 855-787-1113 and we will assist your business in correcting this highly restrictive negative to your business cash flow.