Cut Your Business Debt Payments by 20-60% in 14 Days
We help Michigan business owners consolidate multiple daily payments into one manageable monthly payment - with no upfront fees and 30+ years of experience.
Relief in 7-14 days
20-60% in payment reduction
One payment vs many
No upfront fees
How We Refinance Your Business Debt
We help you replace bad debt with better terms.
1
Dramatic payment reduction
Transform multiple daily payments into one manageable monthly payment. Most clients reduce total payments by 20-60%. From survival mode to growth mode.
2
Sustainable terms
No more daily ACH raids. Monthly payments that match your cash flow. Terms of 2-5 years instead of 3-12 months. Breathing room to actually run your business.
3
Consolidation simplicity
One payment, one lender, one contact. Pay off all predatory debt. Stop juggling multiple obligations. Simplify your financial life completely.
4
True interest rates
Replace 40-80% effective rates with 8-18% real rates. Know exactly what you’re paying. No hidden fees, factor rates, or daily theft. Honest lending.
5
Cash flow recovery
With lower payments, cash stays in your business. Build reserves, invest in growth, pay yourself again. Business becomes profitable, not just busy.
Why Refinancing Will Work For Your Business
Reasons refinancing will also work for your business:
1
Lenders want good businesses
You survived the debt trap. That proves resilience. Refinancing lenders see strength, not weakness. They profit by helping you succeed.
2
Competition creates options
Multiple lenders compete for refinancing deals. Competition means better terms for you. We leverage this to maximize your savings.
3
Consolidation premium
Lenders pay off your bad debt to earn your business. They see long-term value in relationship. Win-win when structured correctly.
4
Track record matters:
You’ve been making impossible payments. That payment history, even if painful, shows commitment. Refinancing lenders value that history.
One easy monthly payment OR daily MCA torture forever
Replace 5 predatory loans with 1 manageable payment. Save 40-60% monthly.
Your future: Financial peace OR daily payment hell.
You're Working Just to Pay Lenders
Those "easy money" loans are now your biggest problem. Your revenue looks great. Your bank account doesn't.
1
Every morning starts with watching your money vanish
Merchant cash advance taking $800 daily. Another MCA for $500. Equipment loan due weekly. You’re paying $2,000+ per day just to lenders. No cash left to run your business.
2
The 'easy money' that's costing me everything
Took $100K, paying back $140K. Daily ACH payments rain or shine. Miss one payment, they freeze your accounts. Effective rate over 50% annually. Legal loan sharking.
3
I run a business, but work as a debt juggler
5 different lenders. 5 different payments. Different schedules, terms, contacts. Spending hours managing debt instead of growing business. One mistake triggers defaults.
4
My best sales month left me with my worst bank balance
Gross margins look good. Net profit gone. Every dollar earned goes to debt service. Working harder than ever for nothing. Business owns you.
5
Each solution became a bigger problem
Took second MCA to pay first. Then third to pay second. Now buried under multiple advances. Each new debt made things worse. Spiral getting tighter.
You're not alone. Thousands of businesses fell into the easy money trap. But staying trapped is a choice. Refinancing can cut your payments in half.
Schedule A Meeting TodayEscape Bad Debt In 4 Steps Now
Escaping bad debts is very simple with Michigan Business Advocates
1
Debt analysis (same day)
- List all current obligations
- Calculate true costs
- Identify savings potential
- Free, confidential review
2
Refinancing options (2-3 days)
- Present to refinancing lenders
- Receive multiple offers
- Compare payment savings
- Choose best solution
3
Payoff process (5-7 days)
- New lender pays bad debt
- Stop daily payments
- Clear all obligations
- Fresh start begins
4
Sustainable future (ongoing)
- One monthly payment
- Build cash reserves
- Grow your business
- Never need MCAs again
One easy monthly payment OR daily MCA torture forever
Replace 5 predatory loans with 1 manageable payment. Save 40-60% monthly.
Your future: Financial peace OR daily payment hell.
Why Choose Us for Refinancing
Complete Confidentiality: Your exit plans stay secret until you're ready. We've never had a leak damage a deal.
Aligned interests: We succeed when you get maximum value. Our fee structure ensures we fight for every dollar.
Full-service guidance: From initial planning through closing celebration, we're with you. Not just advisors - partners.
Michigan market knowledge: We know local buyers, values, and deal structures. National firms miss regional opportunities.
Your legacy matters: It's not just about money. We help protect what you've built while securing your future.
Frequently Asked Questions
Common quesiton about business refinancing in Michigan
Can you really refinance merchant cash advances?
Yes. While MCAs aren’t technically loans, we work with lenders who pay them off and provide real term loans instead. It’s debt replacement, and it works.
How much will refinancing reduce my payments?
Most businesses see 20-60% payment reduction. Depends on current debt terms and business strength. We calculate exact savings before you commit.
How quickly can I get relief from daily payments?
Typically 7-14 days from application to funding. Some lenders can stop daily payments sooner while processing. Relief comes fast when you need it.
What if I have multiple MCAs stacked?
Perfect for refinancing. We consolidate 2, 3, even 5+ advances into one loan. The more predatory debt you have, the more you save through refinancing.
Will refinancing hurt my credit?
Usually improves it. Paying off multiple debts and having one manageable payment helps credit. Much better than defaulting on impossible daily payments.
Do I need good credit to refinance?
Business performance matters more than credit score. If you’ve been making MCA payments, you qualify. We’ve helped owners with scores under 600.
What are typical refinancing terms?
2-5 year terms at 8-18% APR depending on situation. Monthly payments, not daily. Real interest, not factor rates. Honest, sustainable lending.
Can I refinance if I'm behind on payments?
Sometimes. Better to refinance before default, but we have options for troubled situations. Each case is unique. Let’s discuss your specific situation.
What happens to my personal guarantees when refinancing?
Personal guarantees on MCAs typically transfer to the new loan, but at better terms. We work to minimize personal exposure during refinancing whenever possible.
Are confession of judgment clauses enforceable in Michigan?
Michigan law requires specific labeling for confession of judgment clauses. Without proper labeling, they may not be enforceable. We help navigate these legal complexities.
How does refinancing work with Michigan's 25% usury cap?
MCAs often structure as purchase agreements to avoid usury laws. When refinancing to traditional loans, we ensure compliance with Michigan’s lending regulations.
Can I use SBA loans to refinance merchant cash advances?
As of 2024, SBA changed rules limiting MCA refinancing. However, we have many non-SBA options that work just as well for Michigan businesses.
What's the difference between refinancing and debt consolidation?
Refinancing replaces your current debt with better terms. Consolidation combines multiple debts into one. We often do both – consolidate multiple MCAs and refinance into one manageable loan.
How long before I can get additional financing after refinancing?
Most lenders want to see 6-12 months of on-time payments before additional financing. Some working capital options available sooner. We help plan your future capital needs.
Do you work with seasonal Michigan businesses?
Yes. We understand Michigan’s tourism and seasonal business cycles. Our refinancing solutions account for variable revenue patterns throughout the year.
Why choose Michigan Business Advocates for refinancing?
We know Michigan businesses and lenders. With 30+ years experience and $5M+ in debt restructured, we get results where others can’t. No upfront fees – we only succeed when you do.
One easy monthly payment OR daily MCA torture forever
Replace 5 predatory loans with 1 manageable payment. Save 40-60% monthly.
Your future: Financial peace OR daily payment hell.