If your business is in default on a Merchant Cash Advance or is crippled by weekly or daily withdrawals, Second Wind Consultants can help. MCAs may seem like an attractive solution for businesses that have had a disruption in cash flow or need capital to pursue a time-sensitive opportunity, but the terms are often unsupportable.
Many thousands of businesses are forced into failure as the payback on this type of advance strangles their operating funds. We offer business owners trapped in this situation an affordable way out of the debt spiral with a clear path toward regaining control of their finances and their lives.
Our process is simple. During your free, no-obligation consultation we’ll deep dive into your unique circumstances. Once we have determined that we can help, we’ll design a strategy that will significantly reduce, or even eliminate, your debt.
There is no one-size-fits-all MCA debt solution. However, our debt relief strategies are all centered around the following actions:
- We immediately protect your business financially. We’ll put a stop to the daily withdrawals and ensure that your personal finances aren’t in jeopardy.
- We negotiate a realistic settlement. Our experts work with your lenders to come to terms that your business can actually meet.
- Your business begins to save money for the resolution. With relief from daily withdrawals, your business is able to save for the agreed-upon settlement.
- You settle your MCA debt. You pay the lender as described in the settlement terms and regain control of your life.
The process described above will provide a total resolution to your MCA debt, but time is of the essence. MCA funders have created an aggressive lending cycle that is not designed in favor of small business owners, but that doesn’t mean you have to lose everything.