$400K FUNDED: And how you can do it too
Hey guys, I want to be more active in this group and share more wins. The funding: Struggling pharmacy owner, drowing in debt payments with two MCA positions. Bought out two other MCA positions with a large term loan that increased cash flow and gave him extra working capital. We are proceeding with factoring and an SBA loan to give him long term replacement capital so he doesn't need to take additional high interest loans again. Main lessons: 1. Don't give up/old leads can be revived: This guy basically told us to screw off at one point. 5 months later we reconnected and we got him funded. 2. Earn trust with education: He was surrounded by MCA brokers leading him astray. We set up a path to sustainable financing to that would relieve cash flow pressure. He could probably tell I actually care about helping his business. He gets 20+ calls a day from brokers but chose to trust us. How to do this yourself: Have clients that have weekly or daily payment loans aka merchant cash advances? PM me! Let's do a few together and split it. With virtually a 100% success rade: We can replace them with cheaper loan options and minimum dramatically reduce their existing payment. 🤝