How To Consolidate Merchant Cash Advances

At some point along your journey as a business owner, you are most likely going to rely on borrowing capital whether from a bank or alternative lending source. For most business owners with bad credit or under 2 years time in business, their options for capital are slim. That’s where Merchant Cash Advances come in handy.

Merchant cash advances provide a quick and efficient way to almost immediately receive funds. Often these advances can fund same day or within 24 hours of the borrower signing contracts. Businesses need fast money to cover expenses such as payroll, fill in receivable gaps to have operating capital, and to fulfill current/upcoming projects. The great thing about cash advances is you can stack capital. I have worked with a Construction business owner who had 7 cash advances out at one time!

Occasionally, these types of loans can hurt a business owner if they mismanage money or go through a slow period. To help pay back cash advances, reverse consolidations are a great option to give a business owner breathing room.

What is a Reverse Consolidation?

A reverse consolidation means that a reverse consolidation lender will provide the business with a loan in exchange of taking on the daily or weekly payments incurred from the current merchant cash advance…