What Is A Reverse Consolidation?
A reverse consolidation doesn’t remove merchant cash advance debt, but instead a reverse consolidation is a financing tool meant to help a business weather the cash-flow crunches associated with stacking multiple cash advances. With a reverse consolidation the cash advances aren’t eliminated, but simply managed in a way that reduces the stress of having enough money to cover expensive daily payments. Reverse consolidation has the potential to save business owners up to 40-60% of their monthly advance payments from reduced interest, can save a business from failing, defaulting or going bankrupt, and helps the other companies involved not miss out on any payments, which keeps your business in good standing with no defaults or judgements against you. It’s an all around win-win solution for yourself and your company to move forward.
Here are four top benefits of a Reverse Consolidation
A traditional bank requires a minimum FICO® score of 650 to qualify for this type of funding, we do not have any minimum requirements. This enables the un-bankable business owner to acquire the funding needed even with having personal credit challenges.
NO COLLATERAL REQUIRED
While many conventional business loans require some form of collateral, revenue based financing doesn’t. Although rates are slightly higher than traditional bank rates the fact that no collateral is required makes it an attractive funding program for many business owners.
Get access to your cash flow that is locked into MCA's. We can help you retain up to 60% of your daily cashflow.
This financial product can help restructure your debt and get you out of your multiple Merchant Cash Advance positions.