How we were able to save Janice $77,422 off her total debt balance

At Value Capital Funding, we consider ourselves extremely lucky every day. We get to save businesses – sometimes even marriages, homes, and everything else that’s important to our clients. 

People put their sweat equity as well as their money into the businesses they build, but sometimes they get out over their skis with too much expensive debt. Most of the time, this is Merchant Cash Advance (MCA) debt we’re talking about. The stifling payments for this high-cost debt can choke a business’s cash flow. High-cost debt can also keep business owners from taking a salary for themselves, so they’re unable to pay their personal bills too. The effect of this type of debt can be widespread as you can see. 

Recently, we had the privilege of meeting Janice. Janice is a 62-year-old nurse practitioner who started her own business two years ago after a lengthy career working in a medical office. 

Janice brings much-needed healthcare services right into the homes of seniors who aren’t mobile enough to get to their doctors for their basic healthcare needs. 

But Janice had some health issues of her own a few months back, so her business slowed down for a bit. That, coupled with slow-paying government agencies and private insurance companies, created the perfect storm for Janice. 

She took out three Merchant Cash Advances (MCAs) over the space of two months to give her cash flow a boost and keep her business operational. These MCAs totaled $256,348. 

She was paying $1,881 per day to service this debt. That’s $9,405 a week! 

She took these MCAs out to help her cash flow – now they were crushing her cash flow instead. Janice was in a quandary she had no idea how to escape. 

Then Janice found us at Value Capital Funding. 

She relayed her problem to us in a shaky voice and told us that she needed help badly because her patients count on her. She couldn’t close her business and let them down. That was her main concern – her patients. 

Well, we couldn’t let them, or her, down either. 

Our team quickly restructured Janice’s three MCAs, reducing her payments to $3,767 per week from her original obligation of $9,405 per week. That’s a 60% payment reduction! 

And no more daily payments either. 

Not only that, but we were able to save Janice $77,422 off her total debt balance – a savings of 30%! And, that number even includes our success fee! 

Now Janice will be able to continue to give her patients the much-needed healthcare they deserve, and she couldn’t be more thankful. She will even be able to expand her service area within a few months. This has been an ongoing goal of hers as it is important to her to make a positive impact in her local community using all the resources she has at her disposal. 

This is why we come to work every day. And this is why we work to get the word out about our Debt Restructuring & Refinancing services. Because there are more ‘Janices’ out there who need help and don’t know where to turn.