Reverse Consolidation
Minimum qualifications:
- Fico Score: 500+
- Time in Business: 1 year+
- Time to Fund: As Fast as 72 hours
- Weekly Distributions to cover daily debits
- Funding Range: $10,000– $1,000,000
Business owners with multiple Cash Advance positions can find themselves caught in a dangerous cycle of taking out more and more Merchant Cash Advances to avoid defaulting on existing balances.Reverse funding is a good solution for merchants who are struggling to manage frequent withdrawals occurring on a daily or weekly basis.
Here’s how it works!
Reverse Consolidations provide business owners with weekly disbursements directly into their business bank account to satisfy the cost of their existing Cash Advance payments. Reverse Consolidations function like a Merchant Cash Advance and are repaid with automatic daily or weekly withdrawals at a reduced amount against the outstanding positions. It is not Debt Consolidation or Loan Consolidation and does not restructure debt, it works like a business line of credit. It frees up cash flow which can prevent businesses from being crippled by having too many open positions and provide cash flow savings of 20% – 60, you can cancel at any time once your business is back on track.