The owner of a midwestern transportation company had accumulated multiple merchant cash advance (MCA) loans over the course of two years which were negatively impacting the bottom line.
It is often the case that company owners s to meet payroll, inventory, operating expenses, and overhead obligations. None of which are easy or straightforward. This client’s cash flow was leaking out in all different directions. As a result, this company reached out to Loeb to help consolidate.
Loeb successfully refinanced the MCA loans under one flexible term loan. The refinancing eliminated multiple weekly payments to multiple lenders, and things got easier – the balance sheet became cleaner, the path forward clearer, and the future brighter.
All in all, the client was able to immediately improve the profitability of his business by focusing on creating new business, transporting the company to a smooth road ahead!