Here is some useful information on how businesses can benefit from Merchant Cash Reverse Consolidation...
Small businesses that are facing trouble paying back their MCA loans will look to a reverse consolidation lender for assistance. There are several benefits that come along with a reverse consolidation.
1. Reduce weekly payments:
The reverse consolidation lowers the weekly repayment that a business owes as the reverse consolidation lender takes on the debt to pay back the MCA lender.
2. More access to cash:
If a business has multiple MCAs to pay back on a daily or weekly basis, then it can become strapped for cash. Since the reverse consolidation lender will infuse the funds to pay back MCA lenders, the business is able to have more cash on hand. It will turn the multiple repayments owed into one sum that will then be owed back to the reverse consolidation lender.
3. Bridge for better options:
As a business with multiple MCA loans and debt stacking, it could be hard to obtain a traditional loan like a SBA loan. The high interest rates and short repayment terms become hard to keep up with. But, with the reverse consolidation options, businesses have an opportunity to receive more capital funding for the time being until the situation evolves and they can qualify for betting financing options.
If you need business funding assistance or if you feel you can benefit from lowering payments with reverse consolidation, please contact us - (657) 365-9646 or please visit www.modustranz.com/funding