Merchant Cash Advance Consolidation Increases
If your business is struggling to pay crushing merchant cash advances, then consolidate them. Merchant cash advance consolidation increases continue.
What is a merchant cash advance consolidation? A merchant cash advance consolidation is when a business that has more than one merchant cash advances takes out one loan to pay off multiple other advances. The term of the loan is usually longer than the term of the other advances.
Complete the secure Docusign 30 Second application now.
Or call us at Tel: 1-919-771-4177, or Get an mca merchant cash advance consolidation here.
Businesses that have short term merchant cash advances can consolidate them into one loan with terms between 12 and 60 months. Pay as little as 20% of your current daily or monthly payment. If you are paying $100 per day, consolidate and pay between $20 and $40 per day. The process is easy. If you have been in business 6 months or longer, apply for consolidation today.
A business can lower the amount they spend on these advances as much as 100% to 200%.
We can take a look at a common example of how much a business can save per month in the repayment by consolidating merchant cash advances. If a merchant took out a $10,000 advance for 6 months, the monthly repayment is about $2,166. With a consolidation for 36 months, the monthly repayment can be lowered to about $400 per month. The merchant will be repaying about 20% of the previous monthly payment.
Callers call in requesting information on identical or similar topics. Callers request information on a Merchant Cash Advance Consolidation. These requests will increase.
For immediate release, Pittsburgh, PA Titan Ironworks announces a Consolidation of $175,000 in Merchant Cash Advances. President Mark Tillman told the Pittsburgh Business Times, “This Consolidation will improve Titan Ironworks’ Monthly cash flow by $10,000 per month. We had been paying $25,000 per month between 3 advances. This Consolidation and extension lowers that to $15,000 per month. With the extra cash flow, we can again put more monies into Advertising, employees and expanding new product offerings through Research & Development.” Mr. Tillman also stated that Annual Net Income is expected to increase significantly due to the improved cash flow position.
Other sources of information on merchant cash advance consolidation increases may include the SBA small business administration