Hello everyone and welcome to Value Capital Funding’s podcast, “Insights Into Better Business Financing”. My name is Jeff Kornfeld, and I’m one of the principals here at Value Capital Funding, a family-owned and operated, full-service commercial financing and debt management firm located in Boca Raton, Florida. We’re here to bring you timely information and tips to help you navigate the vast, and sometimes confusing, world of small business finance. Today’s timely topic is “Debt Management For These Troubled Times”.
We invite you to contact us to discuss your business’s specific debt situation. You can reach us by phone at 800-944-6280 or visit us on the web at valuecapitalfunding.com/debtmod for more information. So, without further ado, let’s start today’s show…
Now, you may have applied for the Small Business Administration’s PPP or EIDL loans, and if so, that’s great. But the guidelines for the use of those funds is very specific and may not address the other types of debt you might be struggling to pay.
So, today what I’m here to tell you is that there IS still cash flow help available for small businesses. Did you hear that? Because it’s important.
If your business has merchant cash advances, or any other unsecured business debt and you’re struggling to keep up with the payments in this Covid-19 economy, we can help. At Value Capital Funding, we specialize in dealing with financially distressed businesses. We did this before the current crisis, and we’re working with more businesses than ever now to help them dramatically lower their daily or weekly payments to something much more manageable for these rough times we find ourselves in.
How, you ask? Through our specialized Debt Modification Program. We are lowering our clients’ debt payments BY AN AVERAGE OF 40%-60%! You heard that correctly. We are reducing our clients’ debt payments by an AVERAGE OF 40%-60%.
Want to hear more good news? 90% of our applicants get approved to participate in the Program.
So, what does it take to qualify?
First, you need to have a total of $50,000 or more of unsecured debt.
And second, the debt must be BUSINESS DEBT.
It’s even ok if you’ve missed payments or are in default. We can still work with you.
Other important items to be aware of:
- All industries are accepted
- There is no minimum FICO needed to qualify
- Participating in the Program will NOT negatively affect your personal OR business credit
- No more daily payments
- And lastly, and this is important, PLEASE avoid the pitfalls of negotiating on your own with lenders. Our team of seasoned attorneys will negotiate the restructuring of your MCA and loan notes on your behalf.
Now, it’s said that a picture is worth a thousand words, so let’s show you a couple of real-life Debt Modification participants.
This first one is a construction company that has 3 merchant cash advances with a total remaining balance of $187,555. They were having $4,836 drawn from their business bank account each week. Their new weekly payment is $2,272.92, saving them $2,563.08/week. In other words, their payments were reduced by 53%!!!
How can this be done you ask? Generally, it’s done by stretching out the payback timeframe. Sometimes it’s done by reducing the interest or factor rate. And sometimes, it’s a combination of both.
Let’s look at another participant.
This second one is a manufacturer who has 5 merchant cash advances with a total remaining balance of $370,065. They were having $26,708.60 drawn from their business bank account each week. Their new weekly payment is $10,897.24, saving them 15,811.36/week meaning that their payments were lowered by 59%!!! Rather than having to go out now and seek new working capital, it’s like they got a revenue raise of almost $68,000 a month! Imagine what they can do with that extra cash flow and how it’s helping them out each month keeping that money in THEIR business rather than paying it out to their lender.
In these unprecedented times when most businesses are just trying to hang on, we are COMMITTED to helping you AGGRESSIVELY slash your debt payments NOW.
Well…that about wraps it up for today folks. Thanks for listening to Value Capital Funding’s podcast, “Insights Into Better Business Financing” with me, Jeff Kornfeld. Today’s topic was “Debt Management For These Troubled Times”.
We invite you to contact our dedicated group of professionals to discuss YOUR debt modification needs. You can reach us by phone 800-944-6280 or on the web at valuecapitalfunding.com/debtmod.
Thanks for listening. Tune in again next time everyone! Bye for now.