DEBT BUYOUT OF 6 MCA’S FOR RESTAURANT IN NEW YORK

INTEL

FV Vantage (FV) assisted a restaurantclient who was in a snail pace recovery from impacts of covid and then a misstep in stacking 6 cash advances in hopes to help get over covid impacts.

FV was able to align a lender who believed in second chances, overlooked past defaults and was able to collateralize real estate that the client had to consolidatethe outstanding debts into one single lower payment, over 60 months, lowering their monthly debt expenses by over 50%.

With the freed up cashflow, the client is now able to focus on rebuilding their business for growth vs focusing on keeping up with debt payments.

This was the first step to an overall funding strategy structured by FV with the overall long term road map to ongoing productive capital to help client grow and further realize their dream of sharing the authentic taste of their home country.

Next step for the client now positioned to qualify for better terms is allowing for 1-2 months for business to stabilize showing improved financials for the funding of unsecured financing but this time under an affordable and productive structure and a revolving line of credit. Together between the term loan and revolving line of credit, that both work well together and with the existing real estate backed secured term loan without conflict, the client is able tonow in a long time productively utilize funding to grow and scale their business again.

ELEMENTS

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