Restaurant refinance out of MCA loans in Des Plaines, IL

Funded by Gelt Financial, LLC

Des Plaines, IL

$350,000

Retail

Refinance

04/01/2022
Transaction by
Gelt Financial, LLC
Hard working owners of a restaurant suffered like everyone else opening a new business then hit with Covid-19 got behind on their taxes and also took very high rate MCA advances which chocked their cash flow. Gelt provided them with 1st mortgage financing to pay off their taxes and the MCA lender, saving them a very large amount of interest every month and dramatically increasing their cash flow.