How Can a Merchant Cash Advance Consolidation Help a Smart Business Owner?

Many business owners use a merchant cash advance as a quick tool to obtain working capital. While these programs have pros and cons, the main issue we see is strained cash flow after a couple months of daily/weekly payments. With a lot of fly by night funding brokers pushing additional positions, business owners can find themselves in a dark hole that can be difficult to manage.

With an MCA consolidation, you can easily pay these off, and move to a monthly payment term loan.

Doing such will drop your payments, move to a single monthly payment, and allow flexibility with restored cash flow. The MCA consolidation is based on your credit, and the condition of your bank statements. Typically what we look for at least a 600 credit score, with at least a $1500 average daily bank balance to look at this program.

There are several benefits of converting to a monthly payment term loan

Not only does paying off MCA with a term loan make great financial sense, it will help build personal and business credit as well. Unlike an MCA, your consolidation loan will report to your business credit, giving you a better chance at traditional funding later. We know time is important as well, most approvals are done the same day, with funding/payoff within 2–3 at the most.

No collateral is required, the consolidation program is a signature loan. We require a full consultation up front to evaluate your situation, we do not believe in having folks apply for something until they fully understand ALL details. We at Strong Capital Funding take great pride in our consultation first approach, and have 100s of satisfied clients on this program to back our claims.

To learn more about an MCA consolidation for your business, reach out to us and a dedicated funding advisor will provide a full, detailed scenario for you to ensure everything makes sense, and will benefit your business model.