A qualifying business may be approved for SCM financing. The client would need to have successfully made four to six months of on-time payments to its program. SCM has relationships with a private investment group that will take a new senior lien position against the business. This typically involves SCM to negotiate payoffs with current lenders prior to financing the new money.
A business with positive cash flow, fair credit, and collateral, may qualify for private equity financing. This can also accelerate the negotiations process for a reduction in payoff.
Accounts Receivable financing will allow qulaified receivables to be advance in the amount of 80% of the receivables. AR’s are consider secured and do not fall under an unsecured debt. This can also accelerate the negotiations process for a reduction in payoff.
Qualified businesses may pledge commercial property and or other real estate to pay off high interest debts. This process would require and appraisal of property and full financials to complete. This can also accelerate the negotiations process for a reduction in payoff.
By pledging collateral or by reporting positive financials, your business can be debt free and out of high-interest debts in 30-60 days upon refinancing of current debt. This gives business owners less stress knowing that lenders are satisfied.