Dan is the owner of ComForCare Senior Services a franchise business, based in Langhorne, PA. ComForCare provides seniors with in-home, non-medical care and support. Dan had been caught on a cash advance treadmill which was intensifying his debt and stifling his businesses growth.
How Did Multifunding Help Dan?
By the time Dan reached out to MultiFunding he was having trouble meeting payroll. We were able to restructure his debt and within two weeks he had the cash he needed to meet payroll and grow the business. He received a $120k term-loan to help pay down the companies debt and a $80k line of credit so he could meet payroll and grow the business.
Dan said “Now we have cash flow to meet obligations and are able to run and grow the business.” The terms he received were more favorable than what he was getting from the cash advance companies, which offer Dan more room to breath.