For brokers
AltBanc For Brokers
We provide funding to help merchants lower their monthly debt service payments up to 90%.
At a glance
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One monthly payment
All merchant cash advance and business debt refinanced together.
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24-month amortized term loan
Repayment terms that can span 12 to 36 months.
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7 to 10 business days
From application submission to closing.
Why AltBanc
AltBanc provides a lifeline
If you have over-extended merchants that could benefit by refinancing merchant cash advances to one monthly payment, please consider working with AltBanc.
We’ll refinance all of your client’s merchant cash advance and business debt into a 24-month amortized term loan with one monthly payment. We provide true MCA consolidation and take 7 to 10 business days from application submission to closing.
AltBanc provides unique and attractive lending products for merchants with repayment terms that can span 12 to 36 months.
Case study
AltBanc Case Study: B&R Construction Co.
B&R Construction Co. has 3 MCAs, totaling $400,000. They are swamped by their weekly payments and want to find a solution that will consolidate their debt into monthly payments. This allows them to free up cash flow and get their business back on track and growing. A typical breakdown could look like this:
| MCA | Original Amount | Repayment Amount | Length (weeks) | Weekly Payment | Remaining Payments | Remaining Balance |
|---|---|---|---|---|---|---|
| MCA1 | $100,000 | $150,000 | 24 | $6,250 | 12 | $75,000 |
| MCA2 | $50,000 | $70,000 | 36 | $1,944.44 | 9 | $17,500 |
| MCA3 | $250,000 | $350,000 | 36 | $9,722 | 15 | $145,833.33 |
| Total | $400,000 | $570,000 | $17,916.67 | $238,333.33 |
B&R Construction Co. will receive a secured loan that covers the outstanding balance of $230,000 (a few payments are usually made between outreach and closing). We offer secured loans that are amortized over 24 months and paid in 12 monthly installments. There is a balloon payment at the end of the term which covers the remaining principal.
- Monthly payment before
- $71,666.68
- Monthly payment with AltBanc
- $12,355.51
- 83% lower
| Refinance Amount | $230,000 |
|---|---|
| MCA1 | $100,000 |
| MCA2 | $50,000 |
| MCA3 | $250,000 |
| Total | $400,000 |
B&R Construction Co. now has a lower monthly payment and more favorable terms. We partner with companies to help them grow and become sustainable businesses with healthy financials.
Eligibility
Our Requirements
AltBanc works with companies that have outstanding debt obligations ranging from $50,000 to $5,000,000 that meet the following criteria:
- 2+ Years in business
- Minimum $10,000 per month in revenue
- No past defaults
Benefits
What we offer to Brokers
Immediate Liquidity
Get immediate payouts on your existing MCAs to free up liquidity.
Quick and Easy
Fast turnaround time on all partnerships, get your liquidity in days, not months.
Simple and Straightforward
Eliminate your risk without settlement, defaults, or high legal fees.
Get started
Want to learn more?
If you have MCAs you need instant collection on, provide us with details so we can send you a fair offer. We can provide immediate up-front liquidity and consolidate your existing MCAs.
Want to stay updated?
Want to stay in the loop about what AltBanc is up to? Feel free to join our email list, reach out to us directly at info@altbanc.us or fill out our application to get started right away. We are looking forward to hearing from you and seeing how we can help your business!