Layered Consolidation
Designed for businesses that have multiple loans outstanding (stacked) and are looking to lower their payments. This program is used to pay off existing balances (as initially agreed to), while alleviating the stress on imposed on cash flow by the remaining payments associated with those balances.The funding process is “Layered” in a sense that each week, a deposit is made into your business bank account. This deposit is equivalent to the total dollar amount of payments that are scheduled to be deducted from your account that week (by existing lenders). Rather than having to focus on maintaining multiple payments, a new deposit covers them each week until those balances have been paid. In turn, you pay one, significantly reduced daily payment. Approvals that are granted generally exceed total outstanding debt, allowing your business to secure additional capital up front in this process.
Zero Net Consolidation
Until recently, in order to consolidate multiple cash advances, your business would need to qualify for a new loan amount equivalent to twice that of the total outstanding debt, so that your business would “Net” 50% of the new loan amount (after paying off all existing balances). Many business owners involved with multiplecash advances fall into a cycle of renewing one advance to keep up with payments on the other, making it very difficult for businesses to ever reach that 50% point. This is a common scenario, addressed quickly and easily through the Zero-Net Consolidation Program. Utilizing this model, we have the ability to consolidate all existing debt, or leave the largest position untouched (coming in “Second Position”),without requiring the business net a specific percentage of the loan amount in orderto qualify.
