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.