Does Your Business Need Reverse Consolidation?
Merchants overburdened with loans and cash advances often seek two types of financial solutions for debt relief: standard consolidation and reverse consolidation. Standard consolidation is when a funding company pays off all of a business’s credits and debts and consolidates them into one lump sum, effectively lowering overall interest rates and extending the payment period.
Reverse consolidation also helps merchants struggling to make their payments, but instead of all debts and loans being paid off at once, FundKite deposits enough money into a business’s bank account on a daily or weekly basis to meet their scheduled payments with other funders while also withdrawing a small sum to pay back FundKite. As the payments drop off, deposits are lowered to meet current amount owed until the merchant is debt free. It’s a win-win for both the company in debt and the funders they owe.
Reverse Consolidation is ideal for business owners who:
– Have multiple loans and cash advances
– Are accruing high interest rates on multiple loans
– Still have revenue flow to meet lower daily payments
– Do not wish to settle or restructure their debt
– Have a business plan to obtain financial freedom
– Consolidations up to 2nd, 3rd, 4th, 5h and 6th positions
Apply For Funding Today
Get Pre Approved For Up To $2,000,000
Apply Online – Submit your application here, it takes less than 5 minutes.
Speak with a Funding Specialist – Our underwriters review your application and look at the company’s monthly revenue and overall health to find a responsible funding plan that fits its needs. Then, a funding specialist talks to you about what option works best.
See the Money – Once approved, we need final paperwork. When we get that back, you can see the money in your account in as little as 72 hours.