Restructured Merchant Cash Advance $587 a day to $100 a week
A restaurant and hotel company in New York took a Merchant Cash Advance over $100,000 to cover cash flow issues cause by delay in opening. The daily ACH payment of $587 was unsustainable due to the sales. M.O.X
the Merchant Cash Advance to a weekly payment of $100 payable over 198 weeks. Summary: Daily ACH of $587 ($2,935 per week) restructured into a weekly ACH of $100 payable over 45 months (91% savings per week).