Restarting daily payments: 3 ways to handle it

Is your cash advance company restarting your daily or weekly mca payments but you still cannot pay them?   Your business may need weeks, even months for sales to recover from the virus lockdown and make the payments.    Consider 3 ways to make the payments and avoid defaulting, further below. 

Restarting daily payments: How to make it work

Complete the application below to:

    • Extend the terms by refinancing
    • Consolidate your advances
    • Payoff the advances

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Is your mca cash advance company restarting your daily payments? Top 4 options if you cannot repay

1. Extend the terms and refinance the contract:

Tell your cash advance company that you need more time for your sales to recover.     Ask if they will refinance the existing mca contract and extend the terms.   Calculate in advance the highest payment you can afford and ask if they can extend the contact to match those payments.  Provide data and documentation to support your request. This can include recent bank statements and a current budget such as a profit & loss statement.  Include your specific calculations showing the maximum payments you can make. Call the advance company, provide your supporting documentation and make your request.

For example: Your regular daily payments of $100 per day for the remaining 50 days of the contract are being debited again.  The remaining payments still total  $5,000.   After looking at your current and estimated future cash flow, you calculate that you can afford $60 per day for that contract.   That equals about 83 payments.   Ask if you can extend the term of that contract from 50 days to 83 days and tell them you feel you can handle a $60 daily payment. If they will not, contact or apply with us above. We will help you get through this process.

If you have more than one cash advance, then do the same calculations for the other contract(s).    First calculate the total of daily cash advance payments you can make.    Then you can figure out the maximum daily payment you can make for each contract .

2. Consolidate your advances

You can consolidate multiple advances with one loan. This helps you because the new loan will be a longer term than the advances you have now.  Most have a term at least 50%, and up to 100% longer than the current advances.  A condition written into the contract does not allow your business to take any more new debt without permission.

Consolidators take this condition seriously. Taking new loans violates the terms and puts you in default. It is then up to the lender to enforce a payoff demand of your contract.

A variation is known as a reverse consolidation. This is easier to be approved for and could improve your cash flow from cash advances by 25% to 50%.

3. Payoff the advances that have started debiting

Paying off the existing advances usually is the best way, but also the hardest way. A payoff happens by using a longer term asset based program to payoff existing advances. Borrowers that qualify for 24 months or more improve their monthly cash flow as much as 75% or more every month. They also get a weekly or monthly payment.

For Example: Your business has a cash advance originally for $50,000 that was paused. The current balance is $15,000 and the mca company is going to restart the payments. Regular payments are $550 per day. You have 27 payments left but still cannot make them. It will take your business at least another 2 to 3 months for sales to get close to normal.

With the current payments, you have about 5 weeks left in contract. If you can pay the contract off with a 24 months asset based loan, then your monthly payments are $792 per month = $37 per business day.  $37 % $550 = 7%.  You have reduced and improved your debt on the cash advance by approximately 93%.!   Your monthly outflow on this debt went from $11,500 down to $792.  


FAQ: Frequently asked Questions on restarting daily payments:

Can the cash advance company restart my daily payments even though I can prove my sales have not recovered?

They can restart your daily payments even if your sales need much longer to recover. Calculate what you can pay per day and propose a current and increasing payment to them as sales continue to increase. Provide them the documentation to support your numbers and proposal.

What can I do if the mca advance company won’t negotiate a payment I think I can handle?

Consider a consolidation of multiple advances or a refinance buyout of one of the advances. Another option is a payoff with an assed based longer term product which may be 12 to 24 months or longer and have a monthly payment.

What is the best way to get the mca advance company to work with me in taking the full payments out of my account again?

Tell them what is the most you can pay and give them reasons why. Give them data and documentation to back up what you say. This can include the most recent 3 months bank statements, a month to date statement, interim profit and loss, and balance sheet statements. Calculate and itemize your business income and expenses to prove your claim of the maximum daily payment you can make now.

How to lower daily mca merchant cash advance payments

Do you need to lower daily mca merchant cash advance payments – immediately?

Is your account sometimes overdrawn because the mca companies keep debiting the daily payment?   Do you have multiple advances and do not know what to do?  What can you do?   

Apply for one of several options below that do not involve settlements, closing your bank account, being declared in default, nor having a cash advance company file a coj certificate of judgement against you.   If your payments were temporarily lowered and the cash advance company is restarting the daily payments, consider term extensions or consolidations.

Lower Your Daily Payments Now! – Apply Here.

How to lower your daily mca merchant cash advance payments.

1:  Negotiate with the mca merchant cash companies to extend the term and lower the payments.  Offer to pay a lower amount for a longer amount of time.

2:  Give the cash advance company solid reasons why you cannot pay the current daily advances.

3:  Get an alternative loan or consolidation loan to payoff the advances.

4:  Use the equity in assets such as a real estate loan or loan against equipment to payoff the advances.

Get lower daily payments now without adverse action against you or your business.

FAQ, Frequently asked Questions on how to lower daily mca merchant cash advance payments

Can I get a monthly payment loan to pay these off?

Yes. One of the ways to lower your daily mca merchant cash advance payments is to get an alternative loan to pay off the mca cash advances. By doing so, you will be lowering the payment because your monthly payment on the loan to pay off the mca’s will be much lower than the monthly amount you were paying on the daily cash advances.
Usually, you will be paying 50% to 75% less if you are successful in securing a monthly loan to pay the mca’s off.

What if the cash advance companies do not want to lower the payments?

You may have to push hard to get a concession. If your business had a true hardship, such as a hurricane or another type of hardship, make that known. If that fails, read the mca merchant cash advance contract in detail.

Make sure you know exactly what can happen if you do not pay. It may be advisable to seek legal advice through an attorney if you know you cannot repay the advances.
If you know in advance your business will not be able to repay the advances, you can use the time in advance to:
– Determine what your options are
– Know what actions you can legally take

I cannot pay my advance. What can I do?

Check your state laws to find out if your state has special protections and laws. Some laws vary by state. Negotiate with the cash advance company either directly final options may include bankruptcy.

Should I get my Attorney to contact the mca merchant cash advance companies?

Whether you should get an Attorney involved in talking with the cash advance companies varies on a case by case basis. In some cases, having your Attorney contact and negotiate with the cash advance companies is a good idea. If you are offering to work with the merchant cash advance companies and they are not working with you, this may be a good situation in which your attorney contacts them.

Some mca merchant cash advance companies are more willing to work with customers than others. If you do not feel comfortable negotiating or discussing your past due debt with mca merchant advance companies, this may be another reason to involve an Attorney.

Daily mca payments high? Lower payment rescue

Choose from several options to lower your daily mca merchant cash advance payments quickly – and safely.   No settlements, coj filings, or having to default.  You do not need to close your accounts.   Your business reputation is not damaged.

Your payments can be safely lowered or eliminated without hurting any of your relationships, including vendor relationships.  No delinquencies or disputes with your existing cash advance companies, upfront payments or paying into an account to solve the problem.

Daily or weekly payments are reduced 25% to 50%.   Some options reduce payments up to 75%.   Apply below for the fast track to lower payments today:

Complete the Secure DocuSign 30 Second Application here.
Call or text us at Tel:  1-919-771-4177 

Is your daily merchant cash advance payment too high for you to survive? Solve your problem now.


Avoid closing your business checking account and being declared in default. These lower daily payment options are safe.   They typically prevent a coj certificate of judgment from being filed against your business when you act immediately.

FAQ, Frequently asked questions:

Question: How are my payments lowered?

Answer: The daily and weekly payments are lowered through a payoff, restructuring or consolidation. Your business will be paying a much lower amount for a longer amount of time.

Question: How much lower will my payments be?

Answer: Payments are lowered 25% to 50%. Some get payments lowered up to 75% with a monthly payment for 2 to 3 years. There are not any negative actions on your current advances. The advances you have now do not go delinquent, charge off or default.

Question: Can I get my payments lowered on more than 1 advance?

The programs lower or pay them all off, even if you have several advances. Your payments are reduced the maximum amount based on your current situation.

Question: Does lowering my daily payments cause any new problems with my existing advances?

No. There should not be any problems if you are approved for one of these programs and payoff the other advances. Act before you miss payments, are declared in default and cannot qualify for the better programs. Your current advance companies are not negatively affected or contacted other than to pay them off.

Question: Do I have to keep making the full daily payments like the mca company is telling me?

Apply for programs that consolidate or refinance them for a much longer term. Continue making your daily payments on the current advances if possible until you are approved. You want to avoid missing more than two or three payments in a row or be declared a default.

In summary

Is your mca payment is too high? Reduce it without settlements, coj filings, or having to default.  No closing accounts or harming your business reputation.

Average daily balance for a business loan

What is average daily balance?

It is also know as the average ledger balance and average collected balance and is the average of your daily balances for one month at your bank.

How does it affect me? Having too low of an average daily balance can affect you in several ways:

❎ Paying fees on bank accounts
❎ Being declined for personal loans and services
❎ Being declined for business loans or services

If it is not high enough, it may be a reason for a decline with a lender who does not tell you what the requirement is.

We specialize in low cash flow businesses and as a result, will get the best program for your business.  For business loans with low average balances, Below Now:

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Call us at Tel:  1-919-771-4177, or Question? Contact us here.

Frequently asked questions FAQ: Average daily balance for a business loan

What is average daily balance?

It is the average of your ending daily balances for a one month cycle in your account. Lenders may decline business loans when it is too low, not believing your business has the daily cash flow to handle a new loan. It is also sometimes called the average ledger or collected balance.

What does the average daily balance have to be?

Lenders look for certain minimum average balances and often want to see at least $1,000. Others want a $1,500 average ledger balance and as high as $2,500. A higher balance gives lenders more confidence that your business has the cash flow to handle the new debt.

Why does the average daily balance in my business account matter?

Low average balances are a major factor in your business loan request being denied. The higher the average daily balance, the more likely you are to getting approved and for a higher amount.

Keeping high daily balances is too much for many businesses.    Many businesses use almost all of the funds that are in their account immediately after it is deposited.

What is average daily balance and why does it matter?

Why do lenders care about average daily balances?

Lenders, especially short term lenders, also want your business to keep more in your account than what their future payment will be.   The lower it  is, the more worried they are you will not be able to make payments to them.    As a result, they take any new payment into consideration when making the approval or decline decision.   Lenders may also consider what the percent of your loan payments will be as a percentage of total deposits.  This is similar to a debt to income ratio that many lenders use to assess business cash flow and affordability.

Many businesses that are declined for this reason may get declined for having less than $10,000 in deposits per month or also for the account being overdrawn.
Contact us for other options because there are specialty programs for this issue.    Apply now and click below.

Click on the secure docusign application here.
Or you can call us at Tel:  1-919-771-4177.  Any qQuestions? Tell us what do you want to do?

We hope this information can assist you and also help you decide what to do next.   Contact us or call us if you have any questions.