Lendingcapital.net BBB Business Review

MONTHLY PAYMENT LENDING PROGRAM For MCA Consolidations

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MONTHLY PAYMENT LENDING PROGRAM For MCA Consolidations

The program was formed to help small businesses save up 75% on debt payments while preparing them for Bank or other Lender eligibility and long-term success.

Many reasons why thousands of businesses have accepted expensive, short-term funds (MCA loans) to address working capital needs. They can be ok if you have strong cash flow to cover (like a restaurant), if you rely on longer term income coming in -not so good. Optimistic that earnings will outperform the cost of the short-term debt you take out another to cover. Next thing you know you have 3 or more MCA loans (stacking). The strain of paying back these funds on a daily or weekly sweep leaves the business more cash-strapped than they were before, and not many good choices to go from there.

Our consolidation difference: If the Business owner is creditworthy and the entity would be profitable without the anchor of their debt load, we provide monthly payment credit, at lower interest rates, extending terms- so businesses can thrive. It is not unusual for clients to save tens of thousand dollars per month from our system. The Program is not based on monthly deposits and cash-flow like MCA loans. It is based on earnings (net the cost of capital from MCA’s), existing debt on a balance sheet, credit, and the realistic path to Bank or other Lender programs.

Unfortunetly we cannot approve every business that appliess for our main program...we try
We do have another program for more difficult MCA loans that we can apply for.

These tailored credit facilities have monthly payments with 18-month-24-month amortizations (payback terms), with anticipated exit payments.

Monthly Payment Consolidation Guidelines:

Entities must be 2+ years in Business
From $50k-$1M ++
No cash-out requirement
Businesses must demonstrate profitability without MCA debt.
Guarantor FICO score 600+
Files are fully underwritten with following documents needed for consideration:

Documentation needed:

2 years corporate and personal tax returns
YTD profit and loss (within 30 days of submission)
Balance Sheet
MCA Payment Debt Schedule
Contracts from existing MCA positions
Copy of Drivers License (front & back)
Personal Financial Statement of guarantors
12 months of Corporate Bank Statements (all accounts)

Preliminary approvals or declines within 2 business days and closing (when applicable) typically within 20 business days. If Pre-Qualified a video interview will be set up and any further documentation will be requested. Once all is approved generally 15 days to funding. Quite simply, this program exists to help otherwise profitable small business owners, their families, their employees, and those associated with them.

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