DEAL TABLE: $1,370,000 IN MCA LOANS PAID OFF TO A LONG-TERM (60-MONTH) TERM LOAN + $750,000 IN WORKING CAPITAL
SaaS and I.T. Cloud Services Company with Merchant Cash Advance MCA loans and other high-interest, short-term debt totaling ~$1,370,000.
The Company was paying ~$197,072 Total in monthly payments to MCA companies and short-term debt providers.
At closing, all MCAs were paid off for a discounted amount and zero-balance letters (ZBLs) were issued to the Company from the MCA loan companies.
The Company’s new TOTAL monthly payment is now $79,500 (payment reduction of over 60%, down from $197,072), and company was given $750,000 of working capital at closing. Do the math.
Company extended all MCA loan payments and other high-interest, short-duration business debt into a 5-year term loan (3-year term w/ balloon note due) with a monthly payment of principal and interest.
Company now saves ~$117,572 in TOTAL CASH FLOW SAVINGS every month PLUS $750,000 in WORKING CAPITAL..
Long-term Full MCA Refinance:
14 to 21-business days to transact from a full Application Submission to closing
Payoff your MCA loans at closing and stop daily and weekly ACH payments
Extend your current MCA payments to a longer termShort-term “MCA Relief” Refinance:
3 to 5-business days to transact from a full Application Submission to closing
Payoff your MCA loans at closing and stop daily and weekly ACH payments
Extend your current MCA payments to a longer term
Learn how to extend your Merchant Cash Advances MCA payments. Our advisors and team understand all aspects and can help you with Merchant Cash Advance MCA loan consolidation, MCA loan refinance and/or MCA loan restructuring.
Apply to extend your Merchant Cash Advance MCA loan payments
by paying off all MCAs and Refinancing