Whether you're looking for additional working capital or to consolidate your current balances into one, more manageable payment, we can do it - fast.
There are no checks to write and no invoices to pay. You get your cash up front and in full.
There’s no collateral required and no hidden fees or up-front costs.
Apply in minutes
Complete an application form
Our team will determine what you qualify for and will discuss an offer
Receive funds by wire once contracts are signed and all stipulations received.
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Qualify for renewal upon paying back 50% of your balance
What is an MCA?
A merchant cash advance is a purchase of your future receiveables at a discounted rate. You get the capital up front. You receive cash in exchange for a fixed dollar amount of your future sales.
An MCA can conveniently also be attached to your credit card sales. At the end of every day, our automated process can retrieve a small fixed percentage of your daily transactions until your advance is paid off.
What is a consolidation?
When a business owner has taken multiple MCA's and has to manage the payments individually for all the MCA's, a consolidation is highly beneficial as the consolidation company will provide enough capital to pay off the other balances as well as leave the business owner with additional capital to use to grow their business. Typically, the single daily payment amount will be more manageable as the term of the consolidation MCA is extended.
Global Funding Experts offers different types of consolidation programs such as standard consolidation and incremental consolidation programs. The programs differ by the amount of funding you would receive on top of that needed to pay off existing balances, the frequency that you would receive portions of the funds and some other factors.
Who should apply for a consolidation?
Merchants who are looking to consolidate an unlimited amount of current MCA’s into one lower daily payment.
How does the incremental consolidation work?
Global funding Experts deposits funds into the merchant’s account incrementally each week to cover their MCA payments for the week.
In other words, the money is given to the merchant in portions every week until the other MCA positions are paid off. The merchant is not forced into defaulting which is often the case when looking at MCA relief programs. Defaulting damages your credit record and makes it very difficult to acquire financing again.
Example of Consolidation:
WHAT WE DID
Daily: $228 Balance: $1,824
Daily: $199 Balance: $5,373
Daily: $208 Balance: $2,496
NEW TOTAL DAILY:
Daily: $181 Balance: $5,430
Daily: $225 Balance: $7,200
67% = $693.5
Daily: $1,041 Balances: $22,323