Business owners with multiple Cash Advance positions can find themselves caught in a dangerous cycle of taking out more and more Merchant Cash Advances to avoid defaulting on existing balances.
Reverse Consolidations are a good solution for merchants who are struggling to manage frequent withdrawals occurring on a daily or weekly basis.
Reverse Consolidations provide business owners with weekly disbursements directly into their business bank account to satisfy the cost of their existing Cash Advance payments. Reverse Consolidations function like a Merchant Cash Advance and are repaid with automatic daily withdrawals at a reduced amount against the outstanding positions. It is not Debt Consolidation or Loan Consolidation and does not restructure debt. It does free up cash flow which can prevent businesses from being crippled by having too many open positions and provide cash flow savings of 30% – 50%.
Criteria and Funding
- · Online application completed
- · Separate balances for each merchant cash advance
- · Fico Score 500+
- Minimum time in business 1 year
- Funding within 24 hours of full submission
- Funding amount 5K to 500K
- Weekly disbursement of funds
FAQ
How will this affect my credit?
How many advances can I consolidate at a time?
Can I net additional funds under this program?
What if I just take out another advance?
How much can I REALLY save?