Are you a South Florida business owner struggling to manage daily or weekly payments from a merchant cash advance? If so, a reverse consolidation might be just what you need to improve your cash flow and extend your repayment term without triggering an official default status.
A reverse consolidation is when a lender provides a business with a loan in exchange for taking on the daily or weekly payments incurred from the merchant cash advance. By doing so, the business is granted an extension on their repayment term, giving them more breathing room to manage their finances and avoid defaulting on their loans.
If you’re a business owner in South Florida, here are some of the benefits you can expect from a reverse consolidation:
- Improved cash flow: With a reverse consolidation, you’ll be able to reduce your daily or weekly payments, which can help improve your cash flow and make it easier for you to manage your business expenses.
- Extended repayment term: A reverse consolidation allows you to extend your repayment term without triggering an official default status, which can help you avoid costly penalties and fees.
- Simplified payment structure: By consolidating your merchant cash advance payments into a single loan payment, you’ll have a more simplified payment structure that’s easier to manage and track.
In addition to these benefits, a reverse consolidation can also help you avoid the stress and anxiety that often comes with overbearing debt payments. Since a consolidation essentially reduces your current payments by 25-50%.
If you think this financial solution might be right for you and your business then reach out to us. That way we can discuss a few options for you to choose from. Call us today 1-844-222-2900.