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 * MCA FEES




MCA FEES


(888) 503-5270


FREE CONFIDENTIAL CONSULTATION

Solve Your MCA Problem Once and for ALL!

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Last Name

Company

Phone

Email

Submit

A Specialist From Our Team Will Reach Immediately!



MCA FEES

   

 

     How Do We Restructure Your MCA To Make Your Fees Affordable?



     Getting a Merchant Cash Advance for your business has never been easier.
Its much easier than getting a traditional loan or line of credit from your
bank. It seems like the MCA companies know when your business needs money most
and they contact you at just the right time.

   

     To qualify for your MCA, you simply provide 3-4 months of business bank
statements. The MCA company takes an average of your gross income over this
period and funds your business based on the 3-month average. We call that your
top-line or gross revenue. That number is then multiplied by 1.4 (most cases)
equaling to 40% over what they are advancing you. Ultimately you are selling
them 140% of your future business. And here’s the fun part…your MCA company
funds you with a cash deposit of approximately 90% of the base asset purchase!
$100,000 in future accounts receivable net you $90,000 in cash deposits and you
are left with $140,000 in debt. As part of your agreement with the MCA you must
give them access to your operating account to deduct their payments on a weekly
or even sometimes a daily basis. This is the hold back or pay back rate at
approximately 15% (industry average). The rate and frequency of the deductions
from your business account skyrocket your interest rate to greater than 200%.
quickly making this financial instrument unaffordable for your business.

     

     You soon realize your business may not be able to keep up with the payments
no matter how profitable and successful you are. And, if you have more than one
MCA, your business is in jeopardy of defaulting on payment which all too often
triggers a lawsuit for collection. Multiple defaults causing multiple lawsuits,
will you have seriously contemplating filing for bankruptcy protection.



   Restructuring your MCA payments is one of the fastest ways to get your
business back on track financially.

 

     By simply lowering your daily or weekly payments and extending out the
payment term of your agreement your payments can actually be made affordable. We
lower your daily or weekly payments in some circumstances, by half or more of
what you're paying out to your MCA companies- this is known as your debt
service. Imagine what you could do with all of the cash  that is no longer
designated to weekly or daily MCA payments.

 

      We get calls from businesses every day telling us they can't afford their
MCA payments anymore and can we help them.

       

      This is how we do it...We start by doing a true accounting of how much
merchant cash advance debt your business has by looking at your MCA contracts.
We find out how much of your accounts receivable was purchased and for what it
was purchased for, you rates of payback and the length of your contract- until
your advance is paid in full. Next, we do an accounting of how much you've paid
back to the penny and how much you still owe. We then look at how your business
is performing in the months prior leading up to the advances becoming
unaffordable.  

     MCA funding is typically approved based on your total monthly income or
your top line revenue (3 month average). This qualification process is flawed
from the onset as businesses pay their debt service from their profit or their
bottom line. Simply stated, this means as a business owner you pay your debt and
long- term liabilities after you pay your daily operating expenses more commonly
known as your bills- materials purchases, labor & payroll, equipment repair,
utilities, insurance, rent, etc. What's left after satisfying these expenses is
where the budget for your debt service should come from. This is where we begin
the negotiation with your merchant cash advance companies. The numbers don’t lie
and the truth will set you free. It’s an accounting process, not guesswork, its
math not theory and its result not empty promises. You are well represented in
this process by seasoned professionals with insight, experience and a track
record of success.      

   

     

       Negotiations are focused, productive and mutually beneficial as we
present your current financial condition which is...

 

 

 Your merchant cash advance is unaffordable, and you qualify for a reduced
payment.

 

     We hold MCA finance companies accountable, and we provide solutions to
financial dilemmas that otherwise tear creditors and borrowers apart. We use a
proprietary accounting system to determine what your business can realistically
afford. Arbitrary figures and guess work have no place here. Generally accepted
accounting principles lay the groundwork for transparent and productive
exchanges that lead to affordable resolutions.

     

     When the proper preparation is done, negotiation are swift, effective and
typically completed inside of 5-10 business days. Within two weeks after
engaging Ignite, you can have new, reduced and affordable, payment schedules
with all your MCA obligations. As a result, the demand on your income is
dramatically reduced restoring viability and promise to the outlook of your
business and its future growth. .  

 

     We are proficient and effective for a host of reasons, relevant, practical
experience at the top of the list.

The core of the Ignite team features our founder and CEO, Joseph Tringali.
Briefly stated, he is a former attorney, bank-lender and road analyst out of the
state of New York. Joe’s professional resume and body of work are the driving
forces of the Ignite debt- refinancing and focused consulting concepts. His
insight into and understanding of the Merchant Cash Advance industry is
unmatched anywhere on the planet.       

 

    The home of the Merchant Cash Advance Industry is the state of New York.
Most of the MCA companies are headquartered and operate out of New York City,
Rockland County, NY and Lakewood New Jersey. Consequently, the MCA agreements
are venued in or governed by the laws of the state of NY.  Their agreements
account for dispute resolutions and the venue for litigation- yes, also in the
state of New York. As a result, when an MCA files a collection lawsuit against a
merchant or borrower that has defaulted on payment, they file the action in the
New York Court system. An appearance or the filing of an answer, also in the New
York system, is then required by the merchant, to protect his/her rights in the
eyes of the court. This has to be done by a lawyer licensed to practice the
state of New York. We do just that- we get your company properly represented as
step one. Additionally, we respect the long, mid and short -term financial and
practical needs of your business; we add business acumen to the equation as a
vital part of the settlement and global resolution strategy.   In the end,
voluntary payment is what is sought after and voluntary payment is what is
given. The distinction is simply consistent payment because it is affordable
opposed to inconstant and missed payment because it was not affordable.         

.  

       Let's repeat this...We reduce the amount you are paying daily or weekly
based on what a financial analysis uncovers. This process can cut the payment
demand in half or more. This process is based on two factors: simple math and
voluntary disclosure. It’s not back-channel relationship or a pre-arranged,
arrangement- it’s just the culmination of time and effort commonly known as
work. This concept is well known to business owners in support and defense of
their creation and enterprise. To reiterate, this process, while not the
simplest effort ever made, typically gets done in 5-10 business days. This is
literally  DONE inside of two weeks of engaging Ignite. New payment schedules
that support your business replace burdensome cash-flow nightmares.

                                     

      Imagine what you can do with all that extra cash flow!?!

      

        The end result...is you are thrilled with your new payments that now
take the pressure off you and your business.  Payments you NOW can afford and
the swift and timely result you needed!

        Your merchant cash advance company is satisfied because you have
voluntarily agreed to honor your contract and pay off your balance as agreed.

        Ignite simply provided a focused service at a time of need and a
perplexing dilemma was resolved! Support businesses in growth mode… THAT’S WHAT
WE DO!   We believe that small business is the life blood of our economy. We
look forward to helping you.



Call Us Today to Have Your MCA Fees Restructured...



(888)503-5270


MCA FEES | FIRST CHOICE CAPITAL PARTNERS
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