For an Asset Based Loan, Small Business Loans Depot offers high approval rates and loan amounts. Low credit score programs are available. There are many types of assets that businesses can use, such as equipment, real estate and receivables to get cash.
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Many business in the past have been frustrated with conventional financing and have never understood why they are turned down with significant sales or equipment. Small business loans depot is in agreement and can provide your business an Asset Based Loan today! Does your business have Assets? Get funding now!
– Qualifying for this Asset Based Loan will result in obtaining up to $500,000
in working capital.
– The process is fast and easy with minimal paperwork in most cases.
– Tough transactions are done routinely
– Low amounts such as $7,500 and up are considered.
– No requests for “up front” money or “up front” application fees.
– Just a 1 page application is all that is needed.
Major tax savings which compare to the powerful home mortgage deduction are often available. Write off the entire payment, not just the interest.
This Asset Based Loan allows a business to do something banks won’t do. Take the money that is sitting idle in equipment and use it instead to generate revenue. Businesses use cash as a starting point for many of their activities which eventually result in revenue. Don’t let cash sit in assets!
The types of equipment which can be used vary greatly. Use construction and industrial equipment and machinery, such as drill presses, brake shears, CNC milling machines. Vehicles such as tractor trailers and commercial vans can be offered.
Credit scores start below 500 for some programs. Low credit scores can be approved and higher credit score s may receive higher approval amounts.
Total funding for our Asset Based Loan program will typically total no more than $150,000 though it can be higher. The stronger the company’s sales, amount of assets and equipment, credit and time in business, the more that will be funded to your business. If a business can qualify for a maximum of $50K and needs more, Small Business Loans Depot can do a 2nd funding part under an additional program which allows a business to get $100K, $150K or $200K.
Call to Today, Toll Free at: 855-787-1113 to put cash into your business quickly and easily!
Sample of recent Asset Base Loan transaction:
A business consulting firm with 3 years in business and modest business credit needs $20K. They submitted the application. Upon approval in approximately 24 hours, documents were E-Mailed to the customer. The customer returned the original documents overnight.
Upon receipt a final verbal verification was completed per telephone. The transaction funding and funds were wired to the customer within 3 business days.
What are advantages this type loan over other loans? There are several advantages, as follows:
– An asset based loan, in general, tends to be approved for a higher amount than other small business loans, especially compared to unsecured loans.
-These loans also, in general, require far less paperwork
– There are many more options for this type of a loan due to the simple fact that there are many types of assets. Unsecured is basically just one type of loan
1. Running out of Money. Running out of money is probably the main reason for going out of business. There are different circumstances under which businesses run out of money. The business is going through a slow period. Revenues have been low since the business opened. Find out the top ways on how to get money to stay in business.
3. Too much debt and overhead. The owners or the business itself may have too much debt and overhead to deal with. They can’t handle it and go out of business.
4. Insufficient starting capital. Many businesses never really had enough capital to start. Often there are problems after opening. This is followed by the business not having enough capital to overcome them.
5. Unable to get financing or enough financing. Many businesses need working capital or other types of business financing after starting. Some of these needs are critical. If they cannot get the financing needed for equipment or short term working capital, the business may not survive.
6. Not enough back up capital or emergency capital. Business owners have liquid assets and net worth. If the business needs more working capital than
7. Bad Employees. This is usually employees that are bad performers with low quality work and low production. Some employees are out sick on leave a lot.
8. Bad Marketing and Sales. Some businesses have owners with expertise in certain areas. They may have technical but not sales and customer service. These other areas can be crucial to the survival of the business.
9. Inflexible ownership. This is resistance to change or new ideas. Many business owners have aggressive take charge personalities. This is often what drives them to accomplishing starting a business. It can hurt some business owners significantly. Many business owners are not open to new ideas or alternatives different than the ones they believe in. They are often very resistant to criticism.
10. Market changes. Businesses need to keep up with what is happening in their industry and stay up. Some businesses show poor awareness to market trends and changes.
11. Not keeping track of competition. Businesses that do not keep track of what the competition is doing may be left behind. Competitors may introduce new products, programs and incentives.
Not getting straightforward facts when applying for a business loan? Applicants are often told they are approved only to find out they are not. They are surprised they must pay significant fees at closing they were not told about upfront. Get money through credible, honest and upfront representatives.
Contact us and our reputable representatives will work with you as your business advocate, not a salesperson trying to sell you a product. Get full and thorough facts from representatives with integrity to put you on the path that is best for your company, not best for the lender.
You will be given a fair assessment of your chances for approval, the cost and charges. The strengths of your profile will be discussed, along with any weakness or obstacles to approval. You will be receive help with a partner that is looking out for your company.
Ethical business loan programs include:
– Money based on Gross Sales.
– Clear and plain english contracts
– Lines of Credit
– Asset based loans, such as loans against Tractor Trailers, Construction equipment
and Accounts Receivables.
– Financing to obtain equipment
– We specialize in difficult to approve customers due to credit, time in business, low revenues.
Free full consulting session.
Our consultants work much differently and discuss what is in the best interest of your company. We want to know what your situation is and what you are trying to accomplish. Basic facts are asked to determine all the realistic options. By doing this, you will only be talking about products that are the best match.
Then we will discuss their features and benefits. You can then decide which of the options are best for your business. You will not be pushed into any product. With this method, you can get financing in a legitimate and impartial manner. An authentic, true, reliable and objective assessment will be made.
You will get clear information upfront and what to expect. We build trust and trustworthiness by acting as your advocate. Get a transparent business loan.
For other broad loan options and assistance, check with the SBA.
Used Car Dealer Loans and used car dealer financing.
Loan for used car dealer up to $1,000,000.
Used car dealer loans of up to $1,000,000 can now be obtained fast. Terms available from 3 months to 120 months. Low credit scores under 500 and tax liens can be worked with. 3 Months or more in business.
What types of used car dealer loans can I get?
Used car dealers and new car dealerships now have fast business loan options. Programs are available. No financials or Tax returns are required.
Steps your used car dealership can take to get a used car dealer loan.
Search and identify lenders that have used car dealer loan programs and offer used car dealer loans.
For a used car dealership lot that has more than $10,000 per month in revenue and bank deposits, then it may pre-qualify for a business loan or other types of business financing. Short time in business less than 1 year can qualify.
Select the program that is the best match for your business and profile, such as revenue, time in business, and credit.
Call the lender and ask for details on approval requirements.
If your business meets the requirements, then apply. Submit any information that will help your application.
If an offer is made for business financing, review the terms. If you want to close the transaction, gather all closing stipulations and close the transaction.
Buy here pay car dealers have always had difficulty securing business loans and rarely get financed by banks. Now they can use financing based on the cash flow of their dealership to get business loans fast. They need to make several deposits per month and keep at least $3,000 average daily balance in their business checking account.
New car dealer loans
New car dealers can also get financing using their revenues. The process is also fast and easy. Just a few business days for financing and a one page application.
Callers request a used car dealer loan, a loan for a used car dealer or a business loan for a car dealer.
Other requests include loans for a new car dealer, and loans for car dealers.
Callers this week have requested loans for a used car dealer and a business loan for a used car dealer. Other callers have requested used car dealer financing and financing for used car dealers. Our most recent customer specifically requested financing for a used car dealer. The most basic requests are car dealer loans and used car dealer loans.
Thank you for visiting our used car dealer resource page again soon.
How are we different? We will first discuss your business in detail. Your future business goals and needs will then be reviewed. From that, the business loan products that are the best fit and can be approved will be discussed. We stay with you through the entire loan process.
500 and lower credit scores can be approved. Tax liens, short time in business accepted. $5,000 to $500,000. Short and long term loans. 3 months to 120 months. Fast turn around. Same day responses in most cases. Short 1 page application. Fast and easy process.
We will help you get an LGBT business loan fast through this program.
LGBT business owners sometimes encounter discrimination in the loan process. Our loans avoid these problems. There is full and equal access to business loans for the lgbt community. We discuss the specific needs of each business owner in detail. We help them determine the product that best fits their business now.
We work with and volunteer extra professional assistance to the community. There are many requests. Callers call in asking for gay friendly business loans.
Business Loan for Gay and LGBT businesses questions:
Are some of these lgbt friendly business loans programs specifically for the LGBT Community? No. These loan programs have been reviewed to insure they are friendly to the Gay and LGBT business community. All customers are welcome as well.
Business loans for Gay and LGBT Businesses Resources:
Calculate how much you can afford to pay per day, week and month compared to what you are paying now.
Research and contact companies that offer consolidation programs that match your business needs and daily budget.
Review the qualification requirements and choose from programs that you have the best chance to qualify for.
Do not get another mca during the term of the transaction.
FAQ Frequently asked questions.
How much can I save daily?
Your business can lower the daily or weekly payments between 25% and 50%. Some programs can lower them as much as 75% and convert into weekly or monthly debits.
How does the consolidation work?
A merchant cash advance consolidation is usually one large loan used to payoff several smaller ones. The goal is to lower total daily payments by extending the term, lowering the rate, or both. Some programs are structured differently or give you a longer term to payoff the current debt while others have a shorter term.
How do we qualify?
If you can simply make the new payment, then you can qualify based on cash flow. It should be 30 days since your most recent advance closed and you should be current. Lenders want to know you can meet your obligations now before being approved.
How can I get the best terms?
Apply for the longest term program available because the payment will be the lowest. The lower the payment, the more likely your cash flow will qualify.
How does a reverse consolidation work?
A reverse consolidation covers the payments on your existing advances while you make a much lower one on the reverse. During the term of the transaction, the other daily debits you had before drop off until you only have one payment left.
How we can help
Your business may be in a position where it must extend out the term of current positions. We can assist in paying off 2, 3 or 4 other mca’s and lowing your payment as much as 50% or more.
Tips on how to get approved:
– Make all of your payments on time.
– Wait until 30 days after the most mca closes to apply. Most requests are declined if new funding is deposited into your account in the last 30 days.
Lenders want to see how a business is paying it’s most recent debt before it approves.
– Don’t have more than 5 overdrafts or 5 NSF’s per month.
– No net funding requirement.
– No maximum number of positions.
– Daily, weekly, bi-weekly, and monthly repayment programs.
We try to tie payment frequency to your deposit volume. The main things looked at are:
The repayment history on current advances.
– If we are materially cheaper, and if your business has been able to pay your existing higher cost mca’s with minimal NSFs, we will aggressively pursue a consolidation.
– Deposit volume and consistency are reviewed.
If deposits vary significantly from month to month, we will typically look at the lowest month when calculating an amount to offer.
Up to 1.25 times your deposits with a 6 to 12 month term are offered.
– (NSF) insufficient funds and overdraft frequency are looked at.
Other features and products:
1. Advances are available in almost all states EXCEPT California. Term loans are available.
2. Your future consolidation is more like a like of credit. A merchant can request additional capital at anytime from us.
We will quickly re-underwrite it with no fee and offer additional funds and keep your scheduled payment the same.
You do not have to pay off our loan to get more capital. This holds true if your business requests more capital after one month, or after six months.
Your business saves money at renewal. Your business will not pay interest on interest if you renew for premium programs.
– Low or no origination and underwriting fees. Fees as low as $250 to consolidate 3 to 4 positions, $500 to $750 for 5 or more. No NSF fees or other junk fees are charged.
– The maximum initial funding is $100,000.
– This is first position funding only. This funding can be the only funding following a consolidation. A standard line of credit, credit card split loan, traditional bank loan.
– SBA loan, car loan, student loans and home loans can be left in place.
– Daily, weekly, bi-weekly, and monthly payment options are available.
Your business may need help creating a business plan. The SBA can also assist with ideas and programs to develop a business plan.
Program # 1: Business funding based on the assets of the business. If the business has over $10,000 per month in sales, they may be able to get a business loan based on their sales.
Commercial real estate with equity can also be used to payoff the open tax lien. At closing the tax lien is paid off from the proceeds of the loan. Another option is to use business equipment. Get capital based on business equipment. Use the funds to payoff the tax lien. These options can also be used to pay a tax lien that has a payment plan and also tax extension deadline balances.
Business loans with an IRS payment plan
There are several business loans that can be obtained for a business with an IRS tax lien that has a payment plan. A business can use the revenues of the business or the hard assets of the business. This can be Real Estate or Equipment.
Business loans without a payment arrangement with the IRs.
A business that has a tax lien without a repayment plan can be financed. Businesses needing immediate help can now quickly use their revenues or assets to get working capital or a business loan. The process is fast and easy. Up to 5 to 10 business days and just a one page application.
Finally, other sources of information related to tax liens may be found at the SBA small business administration site.
FAQ on business and open tax liens
What is an open tax lien?
An open tax lien is a lien that has been filed by the irs or state government against a person or business that does not yet have a payment plan approved for repayment.
Can I get a business loan with a tax lien on my credit bureau?
There are several business loan options for businesses with a tax lien or open tax lien that are usually paid off at closing. Options are based on assets such as real estate or equipment as well as on cash flow.
Do I need an offer in compromise from the IRS before I can get a business loan?
A formal oic is usually, but not always needed. Real estate or equipment backed transactions may allow for payoffs of irs or state liens at closing. Smaller tax liens may not require an offer in compromise to close a business loan.
How do I know if I have a tax lien against me or my business?
Registered letters are sent by the IRS and state when liens are filed against you or your business. It will also appear on your credit bureau and against real estate you own. The county real estate office will have a record of liens against property.
Should I pay a tax lien if it has already been filed and damaged my credit?
Most lenders will not approve a personal or business loan with an active tax lien. Companies and vendors you do business with may be reluctant to enter into a contract with one on your credit file. The IRS also has the power to seize any of your assets without notice.
Get a loan on a Truck, now. Do you own it outright ? Then get money against your company vehicles, fast. Pick up trucks, Ford F-Series, Dually Dodge, Chevy, Box trucks, Semi-trucks, FreightLiner, Peterbilt, International, Dump Trucks, Delivery, and Vans. Low, and very low credit scores can work. To visit just the video page, visit Loan on a Truck Video
Watch: Trucks in action Video top of page! Click or tap arrow to play. Apply: Commercial truck title loans below now, or call 919-771-4177. Transcript here
Top 7 vehicles to get a business loan against
1 Commercial Vehicles
2 OTR Over the road trailers
3 Big Rigs
4 Semi Trucks
5 Dump Trucks
Get a loan on a Truck, now. Do you own it outright ? Then get money against the Truck, fast. Even more, very low credit scores will work.
If your business has vehicles and needs capital, it can get a loan against tractor trailers, semi trucks, Vans, Dump Trucks or any business or commercial vehicle. Even 1 semi trailer truck can be enough to get capital. Loan amounts starting as low as 2,000 and up. Have a trailer? The add more funds with our loan on a trailer program.
Is your Truck or Rig down and in the shop for repair and the bill is more than you can pay? Get money specifically for a repair through a truck repair loan on a Big Rig or Truck that you cannot drive and is being worked on right now. This program will get your truck out of the shop and back on the road to let you make money again.
We have several premiere loan programs to get semi-trailer truck financing and credit scores can be lower under this program. Credit scores below 500 considered. The truck or semi-truck has to be free and clear collateral.
How to get a loan on a semi truck trailer, big rig or business vehicle: How to steps, direction, and tips:
Estimated Cost: $0
Total Time: 1 Day
Supplies Needed: Semi truck trailer or business vehicle, title, picture of semi truck and odometer. Time available.
Tools needed: Internet connection, phone, computer
Step 1: Preparation
Research companies that offer loans against semi trucks, big rigs, dump trucks, or 18 wheelers. Search for programs that best match your business need for the amount needed, the value of your semi rigs, and credit.
Step 2: Have your information on your big rig semi trucks ready to go. Have a list of the value of your vehicles.
Tip: Start the process a few days before needing funding. You may need to get together information you were not expecting to get.
Remember that regular business vehicles such as vans may also qualify.
Information on the trucks you will need includes manufacturer, year, model number, title, a picture of the odometer and a couple of
pictures of your truck.
Step 3: Settle on the top 2 or 3 programs that best matches the value of the semi trucks you have and the amount you need.
Contact qualifying companies and ask about their approval requirements.
Tell the lender the basic information on the trucks and try to find out what your chances of approval are. Also ask if you can be pre qualified.
Step 4: Submit an application
Apply with the program that can most likely get your business a loan against your semi trucks based on the conversations you had with the lender and review of their criteria. Complete an application for funding and provide the supporting items such as copy of the title, pictures and odometer reading.
Step 5: Review approval offers
After approval, review all closing terms and conditions. Make sure you can provide required closing items. Complete transaction and receive funding.
If you were declined, contact the lender and try to find out why. Try to find out if you are able to do anything to get the decision reversed and get approved. If you cannot get approved, then go back to the other lenders you looked at during your search. Ask if the reason for your decline will be a decline reason for them. If not, then consider applying with one of the other lenders.
Mike drives a Kick [beep ] Truck! But fuel prices, repairs, and tires were high, and going up !
So he called us and we got him money with a loan on a truck. Get Money against any Truck. Ford F-Series, Dodge, dually, Semi Truck, delivery, box and cargo, over the road heavy haulers, dump trucks and many more. Low credit scores OK. Do you own that truck? Find out how much money you can get today. Apply at SmallBusinessLoansDepot.com, or Call: 919-771-4177.
FAQ on how to get a loan on a semi-trailer, truck or business vehicle
Can I get money against my semi-trailer?
Yes. Your paid off semi-trailer, tractor-trailer, big rig, 18 wheeler, dump truck or business vehicle can qualify. You have to prove ownership of the vehicle and have the title. It must be in your possession or in the shop. For smaller cars and trucks, the business name should be listed on the vehicle and used mostly for business.
How much can I get?
You can get about 40% to 50% of the retail value. This is close to the wholesale or auction value. You can also use the Truck as collateral to make it easier to get financing to buy another rig.
Can I get money against my broken down semi-trailer to pay for repairs?
You can get money against a semi-trailer, Truck or other vehicle types in the shop to pay for repairs for transmission, body work, mechanical or other breakdowns. The shop will be paid directly to get your big rig back on the road asap. If the repair cost is less than the loan, then you will get the difference paid to you in cash.
Recent Customer requests
Recently, the owner of a single rig trucking company called and said his truck went down and was in the shop. The customer needed $6,700 for repairs and his credit score was mid 500’s. He wanted to get funds against his Semi-Truck. The truck has a value of approximately $25,000. He still owed about $16,000 on it and as a result, we referred him to another loan product because the semi-truck has to be free and clear.
A company should make up a list and provide it to the lender to get a loan against 18-wheelers. Offering multiple trucks is also another way to get more money. The trucks have to be free and clear. The terms the customer can get are usually attractive because they are not short term and the collateral is valuable, so the lenders will give more attractive rates. Customers can get a decision within one business day and close within a week.
Click on the contact link and get more information.
Loan amounts are based on roughly 2 to 1 collateral and also on the wholesale value. Businesses with 2 semi-trucks worth $100,000 for example, will get an offer in the $40,000 to $50,000 range.
Online resources include an interest calculator. Customers can type in the loan amount, the number of months and the monthly payment to find out the interest rate.
The Best Expertise for the specific Business Loan you want
Do you need help getting a business loan? If you and your business has experienced going to traditional banks or alternative lenders and not fitting into one of their programs we have some options and free counseling. Find solutions, learn and understand which programs are best to help getting a business loan for your business.
Options for help getting a business loan include options based on assets such as equipment assets, and based on just the sales of your business.
We will discuss your company’s particular situation and needs. We will help you determine what the best funding options are for your business. Once that is identified, we will help you get together any paperwork you need for that program and get you started.
Most businesses have the easiest time qualifying for either the loan against assets or loan using bank statements.
Many businesses that have been denied financing due to either unacceptable credit, collateral or financial statements have complained that if they have significant sales, so why can’t they get funding against their sales? We agree. We have assistance programs that provide help “getting a business loan” through just your company’s revenues or equipment. The funding functions similar to a business line of credit. The approval is based mostly on the business’s total monthly deposits, average daily balance and time in business.
We will provide help getting a business loan by assisting your business with the processing. Just provide your most recent 3 months complete business checking account statements and a short one page mini-app. Other ease of program include:
Fast and easy processing
No financial statements to provide
Easy personal credit and time in business requirements
Quick funding through a wire into the business checking account
within one to two business days.
Approvals are up to 125% of the total monthly deposits. If a business deposits $50,000 per month, the business may qualify for up to $62,500. The amount they will qualify for will depend further on the time in business and average daily balance. Terms are between
3 and 18 months, while most approvals are for 6 and 9 months. The customer can borrow and repay repeatedly. Once the customer pays the original balance down to about 40% of the original balance, they can borrow against the line again. The best way for help getting a business loan is to get the assistance of an experienced representative. Early payoff is limited and the customer will not get much of a discount.
We need to talk about time in business. The business only needs to be operating for 9 months, though any time in business more than 2 years means you will have more of a chance of being approved and increase the approval amount. All other things equal, a business that has been in business for 3 years will get higher approvals than a business that has been in business for only 6 months.
There are more choices for help getting a business loan through the loan against assets program. A business can get working capital using either their computer electronic equipment, machinery, industrial equipment, construction equipment, dental equipment or medical equipment. Loan sizes are from $10,000 to $250,000, with just an application only for most cases up to $40,000. The business just provides a one page application and equipment list. Up to 75% of the current value of the equipment can be obtained.
Terms are 24, 36, 48, or 60 months. There are early payoff options, although they are not favorable or give a large discount for early payoff. The funding is set up either as a lease or an equipment finance agreement. Leases are designed to provide the biggest deductions but are not the best for early payoff.
Sample transaction in which a business received help getting a business loan.
Sparks Engineering needs $50,000 in working capital. They complete a one page application and equipment list. The list includes technical equipment such as measuring instruments as well as computer equipment, including Servers, technical engineering software and hardware.
Their bank statements show they are depositing an average of $60,000 per month. They are approved for $30,000 on a loan based on bank statements and $30,000 on a loan against their equipment. The $30,000 loan based on bank statements is for 9 months. The loan against equipment can be done for 24 to 60 months. Sparks Engineering does not want to have the entire $50,000 financed for only 9 months because the monthly repayment would be too high. They decide to take $20,000 with a 9 month term and $30,000 with a 36 month term.
Both sets of documents are E-Mailed to the customer. They complete and return the docs. After the docs are checked for accuracy, a decisionlogic bank verification and final verbal verification is completed with the customer. Once the customer confirms the transaction, funds are wired into their account within 24 to 48 hours.
Most frequent Requests:
– I need a business loan.
– Get me a business loan.
– Help me get a business loan.
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.
Question: How much of a loan can we get?
Answer: The amount depends mostly on the amount of your business’s sales, the amount of equipment the business has, the time in business, and the credit.
Avoid all credit inquiries can keep you from getting what you want..
Many people are reluctant to have credit inquiries to be pulled on them even if they are applying for a loan. They tell lenders that they want to be considered for the financing without their bureau being pulled.
This is not feasible or realistic, especially if the request is in the name of an individual. In most of these cases, these requests are in the name of a small business and the owner wants the request to be in the company name, not in their personal name.
If a business has less than 35 employees, in most cases the lender requires the owner’s credit to be reviewed. There are options you can take if you have had too many credit inquiries pulled.
But I pulled my own credit report!
Virtually no lenders will decide your loan request with a consumer obtained bureau.
Consumers can contact credit reporting agencies as well as outside vendors that provide bureaus and get all 3 bureau reports. These files are not the same that lenders obtain. Consumer reports are formatted differently and are simpler than the lender’s re. The consumer version often provides more written explanation and sometimes less numerical detail.
Consumers will sometimes review their bureau and tell the lenders to use the consumer obtained reports they have rather than the version pulled by the funding source. The report the consumer has will almost always be older. The lender wants to see if anything has happened since the date of the report the consumer has in hand.
There are many outside vendors that provide intermediate party credit files. Lenders are not, and should not be expected to know whether those vendors provide updated and satisfactory information. Lenders are not obligated to use those. As a result, consumers should not expect to avoid inquires by demanding that lenders use their consumer version.
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 or reduce the number of cash advances. We will also help you set up a 24, 36 or 48 month repayment term. Even if you only want to term the balance off to 24 installments, this will significantly improve your company’s cash position immediately.
If you took out a $25,000 merchant advance for 6 months, then you were paying around $248 per day, or $5,457 every 30 days.
By terming the financing out to 24 installments, you will reduce the payment to $1,562, which is only 28% of what you were paying. If you go out 36, you will reduce it to $1,083, or 19.8% of the original amount. This difference will make a dramatic positive influence on your cash flow.
Most frequent Requests:
– Help me payoff my MCA.
– I need get rid of my MCA Merchant Cash Advances
Help my business get out of my cash advances.
All of these requests fall into the same MCA consolidation relief product.
Tucson belt company pays off merchant cash advance with 1 loan.
Tucson belt had 3 merchant cash advances totaling $75,000 with a total monthly payment of $15,000. This burden was killing their cash flow. They had 6 months left on their advances. The three advances were combined for 1 loan for year.
The monthly payment was lowered to $7,500, thereby increasing the company’s cash by $7,500. 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 financial standing. We will be able to increase our advertising and inventory levels. Gross receipts are expected to increase and net income rise. We look forward to using the increased funds for expansion.”
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 instant relief.
Most callers say they need to urgently get out of a merchant advance. Many companies tell us they can’t handle it much longer and feel trapped.
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 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 ays afterwards.