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MCA Buyout Loans

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Buyout Loans for Merchant Cash Advances (MCA Buyout Loans)
Loans with Daily Payment Buyouts

Are you a business owner who wants to refinance a daily payment merchant cash advance loan?
Would you like to combine several or all of your daily payment working capital loans into a longer-term monthly business loan?

As a business owner, you may have taken out several daily payment working capital loans to meet your short-term financial needs. However, as your business grows and your financial needs evolve, you may be considering consolidating these loans into a longer-term monthly business loan. One of our core products is the MCA Buyout Loan or Merchant Cash Advance Buyout Loan. This loan is for purchasing an existing daily cash advance dealer loan into a monthly long term loan. Our investors can analyze your situation and save 50% or more through long-term loan restructuring. 

In this article, we will discuss the benefits of consolidating your loans and provide some guidance on how to do so.

What is a daily payment working capital loan?

A daily payment working capital loan, also known as a merchant cash advance, is a type of loan that provides short-term financing to businesses. This type of loan is typically used to cover operating expenses, such as payroll or inventory purchases, and is repaid by deducting a percentage of the business’s daily sales or receipts until the loan is fully paid off. Daily payment working capital loans are known for their quick approval process, flexible repayment terms, and high interest rates.

What is a monthly business loan?

A monthly business loan, also known as a term loan, is a type of loan that provides long-term financing to businesses. This type of loan is typically used to finance large projects or purchases, such as equipment or real estate, and is repaid in fixed monthly installments over a period of several years. Monthly business loans are known for their lower interest rates, predictable payments, and longer repayment terms.

Benefits of consolidating your loans

There are several benefits to consolidating your daily payment working capital loans into a longer-term monthly business loan, including:

  1. Lower interest rates: Monthly business loans typically have lower interest rates than daily payment working capital loans. By consolidating your loans, you may be able to lower your overall interest expenses, which can free up cash flow for other business needs.
  2. Predictable payments: With a monthly business loan, you make fixed monthly payments over a set period of time. This predictability can help you better manage your cash flow and plan for future expenses.
  3. Longer repayment terms: Monthly business loans typically have longer repayment terms than daily payment working capital loans. This can give you more time to pay off your debt, which can reduce the strain on your cash flow.
  4. Improved credit score: By consolidating your loans and making timely payments, you can improve your credit score. This can make it easier to obtain future financing and better terms on other loans.

How to consolidate your loans

Consolidating your daily payment working capital loans into a longer-term monthly business loan requires some planning and preparation. Here are the steps you can take to consolidate your loans:

  1. Assess your debt: The first step is to assess your debt and understand the terms and conditions of your existing loans. This includes the interest rates, repayment terms, and fees associated with each loan.
  2. Research lenders: Research lenders that offer monthly business loans and compare their rates and terms. Look for lenders that offer competitive rates and flexible repayment terms.
  3.  Apply for a loan: Once you have identified a lender, apply for a monthly business loan. Be prepared to provide documentation, such as financial statements and tax returns, to support your loan application.
  4. Use loan funds to pay off existing debt: If you are approved for a monthly business loan, use the loan funds to pay off your existing daily payment working capital loans.
  5. Make timely payments: Make timely payments on your monthly business loan to avoid late fees and penalties. By making timely payments, you can also improve your credit score.

You must fulfil the requirements below in order to be eligible for one of our buyout programmes:

✅ FICO credit scores must be higher than 600.
✅ Neither a recent bankruptcy nor a repossession occurred in the past year.
✅ Company must have at least one active MCA and be generating at least $300,000 annually. Depending on the circumstance, MCA buyout loans may be secured (backed by assets) or unsecured (backed by no assets).
✅A minimum of one year in business
✅If more funding is needed than what was provided by the MCA buyout, the client may need to provide accounts receivable, contracts, or collateral. (We must demonstrate that you can make payments if more money is given out.)

Conclusion

Consolidating your daily payment working capital loans into a longer-term monthly business loan can provide several benefits, including lower interest rates, predictable payments, and longer repayment terms. However, consolidating your loans requires careful planning and preparation. By assessing your debt, researching lenders, and making timely payments, you can successfully consolidate your loans and improve your overall financial position.

Those who trust us says:

Excellent
Based on 10 reviews
Susan Powell
Susan Powell
2023-05-02
Amazing Loan Process/Excellent ServiceI contacted BENIFYT as I needed funds to clear up an urgent business matter. The team members I dealt with were incredibly courteous, patient and professional. They really listened to what my needs were and what I was able to comfortably afford. They made the loan application process as easy as was possible and got me the best product to meet my needs. This loan saved my sanity and helped me out of a very difficult financial situation. This loan was a game changer for me. It allowed me piece of mind and the affordable payments are actually allowing me to grow my company. The BENIFYT team answered all my questions throughout the process and maintained clear communication from start to finish. This will be my company of choice for any financing needs I may have in the future. It is rare to find such honesty and integrity in the business financing industry but with BENIFYT I found both. I highly recommend this company to any company with financing needs. Thank you BENIFYT
Shorn Joseph
Shorn Joseph
2023-04-20
I have dealt with Benifyt, they were very helpfull,detailed and responded immediately. The team handled my latest deal and met all expectations and was extremely helpful and knowledgeable. Thanks team 😊
Christy Beasley
Christy Beasley
2023-04-09
I have been running Restaurant for the past 10 years. I was looking for funding to expand my Existing Business. They have delivered an outstanding service and they showed me the right path.
Nir Yaish
Nir Yaish
2023-02-21
Very helpful and i really recommend
V Dobui
V Dobui
2023-02-16
The application process went very smooth and they were extremely helpful during the entire process. 10/10 would recommend to family and friends who are looking to get a bit of help with a business loan. Big Thanks to benifyt & a big thanks to the entire team. Very satisfied. 5 stars for sure.
Lester Perez
Lester Perez
2023-02-16
Everything was superb! The offer, the communication, the efficiency. they provided excellent service every step of the way. Very pleasant to work with and extremely diligent. Looking forward to working with Benifyt. thank you Everyone!
Suvraj Singh
Suvraj Singh
2023-02-15
This was my first time doing business with benifyt and really didn't know what to expect. my loan consultant made the whole process very easy and without worries. From my initial application to disbursement he was with me the whole way. Account Manager went above and beyond expectations and I was very comfortable throughout the whole process. I would highly recommend benifyt and if you are lucky enough to have them as your consultants consider yourself lucky.
Kulbir Singh
Kulbir Singh
2022-06-16
I have been running 3 Restaurants for the past 10 years. I was looking for funding to expand my Existing Business. They have delivered an outstanding service and they showed me the right path.