Debt Consolidation Restaurant
Case Overview
Reason: Debt Consolidation
Funding Amount: $407,851
Approval Amount: $407,851
Industry: Restaurant
Use of Funds: Payroll
Program Type: Reverse Debt Consolidation
The Story
Erik Anderson joins us once again to talk about how he was able to help a business owner in Missouri access a reverse consolidation to help with some debt she had accumulated and needed help consolidating the debt. She also had run into an issue where she needed funds for payroll that week, and Erik was able to secure an advance on the funds that were coming to her.
The Details
The Client
Business owner of a large bakery that provides baked goods to local businesses and is located in Missouri.
Was managing eight different debt positions.
Facing high daily/weekly payments, putting significant strain on cash flow.
The Situation
Overwhelmed by multiple stacked loans.
Payments were unsustainable, putting her business at risk.
Needed immediate funds to make payroll, but couldn’t take new loans due to being under a reverse consolidation agreement.
The Solution
Executed a reverse debt consolidation, paying off all 8 positions over 8 months.
Achieved a 30% savings in overall payment obligations.
When she needed extra money, instead of taking a new loan:
Negotiated with the reverse consolidation company to advance future disbursements.
This gave her access to money early without triggering a default or stacking clause.
No new debt, no new payments — just early access to already approved funds.
The approach protected her existing structure and ensured she could meet payroll.