South End Capital Consolidates an 84%, 145% and 165% APR Merchant Cash Advance (MCA) at 6.75%
We consolidated over 7 debt and MCA positions for this business, including an 84%, 145% and 165% APR merchant cash advance (MCA). We also provided $73,000 of unrestricted working capital. We delivered a 6.75% APR loan, amortized over 10 years with no prepay penalty. We reduced this borrower’s monthly debt expense by $17,302!