MONTHLY PAYMENT LENDING PROGRAM For MCA Consolidations & Bridge loans
The Fundsolidation program was formed to help small businesses save up 75% on debt payments while preparing them for Bank eligibility and long-term success.
Why Fundsolidation?
About
Fundsolidation is the result of collaboration between entrepreneurs and
credit/finance professionals
Our partnership with Business Credit Consultants (bccusa.com), the nationwide small business advisory, reinforces those firms accepted into the program to be eligible for bank credit at completion (external of unforeseen circumstances). Quite simply, this program exists to help otherwise profitable small business owners, their families, their employees, and those associated with them.
MCA Consolidation Program
The Fundsolidation Program is not based on monthly deposits and cash-flow like MCA ‘loans.
It is based on earnings (net the cost of capital from MCA’s), existing debt on a balance sheet, credit, and the realistic path to Bank lending. These tailored credit facilities have monthly payments with 18-month-24-month amortizations (payback terms), with anticipated ‘exit payments. Accordingly, the due diligence documentation requests are exactly like those banks insist upon plus the original MCA contracts, with current amounts owed. Mindful of the strain small businesses are under when faced with multiple ‘positions,’ Fundsolidation will offer pre-approvals or declines within three business days of full submissions.
To ensure the best results, the program includes a consultation engagement with Business Credit Consultants (www.bccusa.com). This acclaimed nationwide advisory helps small businesses thrive by preparing them to secure monthly payment loans and credit lines with banks and much more. View their Case Studies: many speak directly to MCA ‘loan’ consolidation.
Bridge Lending Program
Helping Businesses ALMOST ready for Bank Credit
Rather than needing expensive short-term debt, the Fundsolidation ‘Bridge Lending Program’ provides cost-effective monthly payment credit to nurture these small businesses to become eligible for the right credit.
Once again, our partnership with Business Credit Consultants (BCCUSA.com) will ensure clients in this program be prepared to make the right first impression with banks upon completion. What is more: BCCUSA will make warm introductions to Relationship Bankers in their Nationwide network of Banks- that only offer monthly payment credit facilities. See their
MCA Consolidation Program Guidelines
Monthly Payment Consolidation Guidelines
- Entities must be 2+ years in Business.
- Facilities from $50k-$1M
- No cash-out requirement
- Businesses must demonstrate profitability without MCA debt.
- Guarantor FICO score 600+
- Files are fully underwritten with following documents needed for consideration:
Documentation needed:
- 2 years corporate and personal tax returns
- YTD profit and loss (within 30 days of submission)
- Balance Sheet & Debt Schedule
- Contracts from existing MCA positions
- Personal Financial Statement of guarantors
- 12 months of Corporate Bank Statements (all accounts)
Preliminary approvals or declines within 2 business days and closing (when applicable) typically within 20 business days.
Bridge Lending Guidelines
Guidelines:
- 1 to 2-year MONTHLY payment terms with exit payments
- Maximum Facility $200,000
- Minimum time in Business 18 months
- Minimum 1 filed profitable corporate tax return
- Minimum Credit Score: 680
Documentation needed:
- 2 years corporate and personal tax returns if applicable
- YTD profit and loss (within 30 days of submission)
- Balance Sheet & Debt Schedule
- Personal Financial Statement of guarantors
- 12 months of Corporate Bank Statements- all accounts