Client results
Package delivery company
Saved $1,747,000
A package delivery company in California took a Merchant Cash Advance (MCA) over $130,000 to cover cash flow issues cause by an IRS tax levy. The daily ACH payment of $463 was unsustainable after the IRS seized over half the funds and payroll used the rest. Business GPS restructured the MCA to a weekly payment of $568 payable over 178 weeks. Summary: Daily ACH of $463 ($2,315 per week) restructured into a weekly ACH of $568 payable over three and a halfyears (86% savings per week).
Landscaping company
Saved $132,000
A landscaping company in Florida took a MCA through a major lender to bridge the cash flow gap created during his off-season. The lender layered on another MCA, which left our Client with less money and higher rates than before. Business GPS settled the MCA of $204,000 for a one-time, lump sum payment of $72,000. Summary: Daily ACH of $662 due over 432 days settled with 2 months of no payments and a final payment of $72,000, saving our client $ (65% savings!).
IT and software company
Saved $2,500,000
A large IT and Software company in Virginia had a dispute with their hardware facility for over $2,500,000. Business GPS negotiated a deal in which the entire liability was removed in exchange for a number of unprofitable accounts, which were costing the company over $100,000 per month. Summary: $2,500,000 liability eliminated and cash flow savings created from the elimination of unprofitable accounts (100% savings!).
Farming company
Saved $80,000
A farmer in Maryland had 3 years worth of back-tax issues and a pending lawsuit against the company. The current year amount due to the IRS was $42,000, which was reduced to $0. The prior 3 years of tax issues totalled over $50,000, and were reduced down to $12,000 with a 3 month payment plan. Summary: Total of over $92,000 in tax issues reduced to $12,000 (87% savings!) WITH a 3 month payment plan.
Commercial lighting company
Saved $2,500,000
A large IT and Software company in Virginia had a dispute with their hardware facility for over $2,500,000. Business GPS negotiated a deal in which the entire liability was removed in exchange for a number of unprofitable accounts, which were costing the company over $100,000 per month. Summary: $2,500,000 liability eliminated and cash flow savings created from the elimination of unprofitable accounts (100% savings!).