Need to Get Rid of an MCA ?

By Matthew Elling
Co-Founder and Consultant at Line of Credit Depot
December 15, 2022

Line of Credit Depot has you covered

Do you have multiple MCA’s?

When you need cash quickly MCAs can be perfect for your business. Although business owners do find out that the quick payback of MCA’s stifle cash flow. When someone wants to “get rid of the MCA’s”, what they actually need to do is ease up their cash flow drain. In conclusion “A Reverse Consolidation” is the way out of feeling the pressure of MCA payments. 

The way an MCA agreement is organized means it doesn’t necessarily mean that you will save your business money if the overall balance is paid off early. Even if you, the business owner wants to pay off the balance in advance, you will have to pay the full contract amount, which is agreed upon in advance upon the front loaded factor rate. In turn if you are feeling the cash crunch because of multiple MCAs payments at once, then the Reverse Consolidation program can be the perfect fit. 

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

If you want to stop the cash flow loss and fully exit your MCAs without default, you should consider how a Reverse Consolidation can fund your business weekly exactly for the total amount of MCA payments you would have that week. The smaller payment charged by Reverse Consolidation will generally be 50% less that what you were paying before.

Our advice?

Stay away from debt consolidation altogether, as they will want you to halt payments on the MCA’s. This is not a good move for your business as it will have a negative impact on your business as you will not be able to borrow money commercially again. From this the debt consolidator would be actually helping you to break the MCA agreement, illegally interfering with your private agreement. 

You will not need a Reverse Consolidation if your business can keep supporting the fast repayments of multiple MCA’s at once. But if your business is getting impacted negatively by multiple MCA’s and you cannot see a way out, apply here.

Before you apply, check to see if you qualify.

No application or obligation.