Menu
Simple and easy process with minimal paperwork. Fully apply online, talk with our team, and receive offers within a few days.
Our diligent team will be working side by side with you to assure you get access to the best possible funding option. We are here for ongoing support anytime throughout the life of your loan.
94% of our clients experience growth in revenue. 79% of our clients got exactly what they were looking for. 10% of our clients were approved for a better program than they thought they qualified for.
A reverse consolidation is a new way of consolidating multiple cash advances that enables the business to effectively work their way out of debt without having to take another advance. It’s designed with the current state of the merchant cash advance industry in mind, and has resulted in solutions to its negative effects.
It’s a way of consolidating multiple cash advances different from traditional buyout consolidation. As opposed to buying out the positions, a week by week disbursement of the funds needed to satiate the weekly or daily payments of the previous loans, and in return a smaller payment is required over a longer period of time. This is a way to create breathing room for the business by extending the term, but by also make it much easier for Cast Capital to approve higher amounts of debt, since the funds are being dispersed weekly as opposed to all at once. Effectively, it’s a way to lower payments 40% to 60% while simultaneously reducing risk.
A standard buyout consolidation involves a lender paying out the lenders responsible for each position, and creating a new, single payment plan to the lender who provided the buyout. This option requires communication between lenders and can prove to be more difficult. Also, the consolidating lender assumes all the risk in paying off other advance companies, because these companies can come back to the business owner and stack them once more, therefore risking the consolidator’s investment.
With a reverse consolidation, since enough funds are being injected on a weekly basis to cover all existing debt payments, the lenders responsible for the stacked positions are drawing payment as usual.
The Reverse consolidation also enables a Cast Capital to approve higher amounts of debt and effectively pull more businesses out of unhealthy situations. Better chances of being approved for higher amounts means even netting cash on top while also lowering your payments. When a business is in a real pinch with multiple positions of debt while also having a need for operating cash, the Reverse Consolidation is the best option.
© All rights reserved
California Lending License# 58323