High Sales MCA Default
Getting an MCA Approval with High Sales
What: Getting an MCA Approval after Defaulting with High Sales
Who: Businesses that have Defaulted MCA’s but also have strong Monthly.
Deposits over $50,000 per month
Why are these a Deal?:
- High Cash Flow Companies
- Ability to handle significant debt
Apply Below now for a loan, or call 919-771-4177.
Offer Terms: 80 to 140 day offers may be made with higher sales over $50,000.
Approval TIPS:
Provide any Payoff Letters or Zero Balance Letters.
If your business is making payments, provide proof.
Let the Lender know before applying that your business has a previous default. The Lender will tell you right away if they consider businesses with previous defaults.
Many of the Lenders that will consider companies with previous defaults will look at the following:
Does the customer have high sales over $50,000?
The higher over $50,000 your sales are, the more likely the lender will consider and MCA for you.
Has the customer had an MCA since the most recent default?
If yes, you stand a much better chance of getting an offer if your business has been paying it on time.
Did your business pay the old default?
If yes and you have proof, that will increase your chances of getting an offer.
Are you in a preferred industry?
Lenders prefer certain industries more than others.An example of a few are Retail, Medical, Automotive,
and more.
Interested in other kinds of Loans? Check out our Homepage to
see what is a fit.