How it works
- 1
We evaluate the risk
We work directly with funders to evaluate the risk of the MCA.
- 2
Offer within 1 week
We make an offer based on the outstanding MCA balance.
- 3
Immediate collection
If the offer is accepted, we pay quickly and take over the existing debt.
Why AltBanc
AltBanc provides a lifeline
AltBanc provides an exit strategy for MCA funders. We pay funders a lump sum based on the outstanding MCA balance in order to extinguish the debt.
We are not a settlement firm and refinance the debt directly with the merchant ourselves. In other words, funders benefit from immediate collection and eliminate their risk.
We work directly with funders to evaluate the risk of the MCA and make an offer within 1 week. If the offer is accepted we move forward to pay funders quickly and take over the existing debt.
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 Funders
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!