Same money. Completely different business. We refinance merchant cash advances and expensive short-term notes into one conventional term loan, with up to 25 years to repay, monthly payments, and no balloon at the end.
A business takes an advance to get through a slow stretch. The money lands in two days, and then the debits start, daily or weekly, whether or not the week was any good. Take a second position to service the first and it compounds. By the time most owners call us they are carrying three or four, and every Monday is a cash flow emergency.
Most owners are told to try an SBA loan first. Here is what they discover: SBA rules do not permit refinancing merchant cash advance debt. The businesses that most need a way out are locked out of the door everyone points them to. The program we place is a conventional term loan, so it can do what SBA cannot.
A short call and your current debt schedule. We will tell you straight whether there is a path.
We prepare the file the way lenders expect it, which is usually the difference between an approval and a decline.
You see the structure, rate and payment before anything is committed.
The lender retires the advances at closing. The daily debits stop. You make one monthly payment.
Generally no. SBA rules do not permit refinancing merchant cash advance debt. That is why the bank and the SBA shop both said no, and it is not a reflection on your business. The program we place is conventional, so the restriction does not apply.
No. Stacked positions are the normal condition on these files. All of them consolidate into the single loan at closing.
The 25-year program starts at $500,000 of total financing. If you are carrying less, call anyway. Programs change, and there is sometimes another route depending on the size and shape of the debt.
Faster than SBA, slower than an advance. It is a real underwritten loan, and the honest answer is that speed depends on how quickly you can produce financials and a debt schedule. Owners who move fast on documents close fast.
No, and we will not pretend otherwise. Lenders look at cash flow, time in business, and the overall debt picture. The first conversation is free, and if there is no path we will tell you that too, and why.
We earn a broker fee at closing, disclosed upfront and built into the financing structure. The initial consultation is free.
Send us your debt schedule and we will give you a straight answer. If the debits are the reason payroll is tight every month, that is a fixable problem.
Every file is underwritten and not every business qualifies. NTIB Finance & Consulting is a commercial finance broker; loans are made by third-party lenders. Terms, rates and structures vary by lender and file.