SHORT-TERM MCA REFINANCE —> 12 to 18-month term —> weekly and/or bi-weekly payments
—> 3-5 days application to closing —> APPLY HERE
LONG-TERM MCA REFINANCE —> 24 to 36-month term —> monthly payments
—> 2 to 3-weeks application to closing —> APPLY HERE
UPON APPROVAL AND CLOSING…
*Merchant Cash Advances (MCAs) are paid off to a zero-balance
*Zero Balance Letters (ZBLs) are obtained after closing from the MCAs
*UCC-1s filed by the MCAs are removed
*New total monthly payments are 50% (short-term) to 80% (long-term) less than MCAs