Great questions, thank you.

I’m actively generating revenue, but it’s barely covering expenses: one step forward two steps back situation.

I have 6 months left on the MCA. If I had the $5400/month I’m paying on the MCA, it would cover payroll from both new locations easily. It’s about $35,000 total left, which isn’t a lot, but I don’t have that in cash to pay in a lump sum.

This is the hard part for me: It’s not a ton of money ultimately, but the monthly payment amount is what I need access to; it will create a lot of freedom. I’m at a critical juncture with the new locations, as they both opened within the last 3 months. I’m also up 20% this year at my flagship, and will finish the year at that.

I have a guarantee on it, but on the UCC side of things, the MCA company is way down on the list. My house is listed under my spouse’s name, as well as all personal assets, and I’m listed as the sole owner of the LLC.

I would have lost more money had we closed vs. the MCA. The MCA was only $90K originally.

Thanks again for the questions. Hope this helps provide clarity.