Get Lower Payments and Avoid Default

By Matthew Elling
Co-Founder and Consultant at Line of Credit Depot
December 10, 2022

Do you have a Merchant Cash Advance?

If you answered yes than you are not alone. It’s estimated that nearly one million small businesses in the United States of America have had a cash advance. The quick and easy access to cash and the simplicity of getting funded is a big reason as to why businesses can feel the pressure of lower cash on hand. Now you might be asking, why consider defaulting if you can't afford the payments? Because a Reverse Consolidation will lower payments and extend the term. 

Over the past ten years of working with cash advance clients the one complaint we hear quite often is that their paymet size is ALWAYS too high and then the payback is far too fast. The reason the payback is too fast is because the finder wants their principle (and baked in interest) back as fast as possible so in turn they can use your payments to fund the other businesses. When you then payback your advance immediately, your principal and interest payments are going to fund other clients. This quantifies the amount of money a funder will make. 

Apply for a Business Line of Credit at rates as low as 7.5%. How much are you looking for?

When talking about the quick payback principle it is less about what your business will qualify for, but more to do with the Merchant Cash Advance Industry as a whole. There are absolutely NO funders who will extend terms for more than 18 months. Be aware if any broker is promising you this, they are hoping to pull a “bait and switch” on you. 

We can give you the money for your MCA payments whether you are on a weekly or daily payback. All that is left for you to do is pay us back at a much more reasonable payback term and amount. If your business has multiple cash advances, we will still fund your business on a weekly basis for each payment that will be debited from your account. We will in turn charge you a much smaller payment. As a result of this you will experience a cash flow relief.

With this strategy, you will not default on your obligations. apply today

Before you apply, check to see if you qualify.

No application or obligation.