1. 01Declined
  2. 02Behind
  3. 03Stacked
  4. 04Getting out
hello@calderstreetfinancial.com
Help for business owners in trouble

Trying to restructure business debt? Start with where you stand.

Pick the situation closest to yours. You'll get a calm account of where things stand, your first steps, and an honest look at every option, even those that don't involve us.

Nothing here is a sales pitch. No account, no credit pull, and nobody reaches out unless you ask them to.

  1. 01I was declinedfirst steps
  2. 02I'm behind on paymentsfirst steps
  3. 03I have more than one advancefirst steps
  4. 04I want outfirst steps
Triage

Where each situation starts.

The first three moves for each, in order, and the guides that go deeper. Most of it costs nothing.

SituationFirst, in orderGuides
01I was declinedBeing declined tells you something; it doesn't pass judgment on your business. Nearly every decline traces back to one of five causes, and each has a fix or a way around it.
  1. Get the reason for the decision in writing
  2. Gather your bank statements from the past three months and tally the NSF days and the days spent below zero
  3. Hold off on applying everywhere at the same time
 All of it
02I'm behind on paymentsFalling behind on advance remittances is serious, but it can also be negotiated. The next few business days matter more than whatever has already happened.
  1. Go through your agreement's default and reconciliation sections today
  2. Reach out to the funder before the third missed draft, not once it's happened
  3. Find the true figure: everything you remit each day as a share of your average daily deposits
 All of it
03I have more than one advanceTwo positions can be fine. A profitable business runs dry when it has three or more, each one taken on to carry the one before. Getting out begins with a single honest table.
  1. Write down every position: the funder, the date, what you received, the total purchased amount, the daily or weekly draft, and what's left
  2. Total the daily load, then divide it by what you deposit on an average day
  3. Look through every agreement for a clause that bans stacking
 All of it
04I want outYou have five ways to get out of a merchant cash advance: pay down the balance, clear it early, refinance, settle, or let it run its course. Every option comes at a price, and not all of those prices are paid in dollars.
  1. Look in your agreement for the purchased amount still owed and any discount for paying early
  2. Request a payoff letter from the funder
  3. Weigh what the payoff costs against what its replacement would cost
 All of it
How this site works

Honest, in order, and no shame.

  • You are not the first

    Every situation on this site is common. Getting declined, falling behind and stacking advances happen for everyday reasons, like a slow quarter, a customer who pays late, or a tax bill. The way out is also ordinary.

  • First steps before options

    Before any product comes up, each situation walks through what to do over the next few business days, and most of that costs nothing.

  • All the options, even the ones that don't involve us

    Next to anything from our network, you'll see a bank, an SBA lender, your current funder, an attorney, or simply holding off for now, each with its true cost.

  • Cost in dollars, not just a rate

    You will always see a factor rate shown beside its total payback and its APR-equivalent, since a 1.3 over six months does not work out to 30%.

Questions owners ask

Plain answers before you talk to anyone.

Is this a lender?

No. Calder Street Financial is a guide. If asking for funding options fits your situation, we pass the request to a funding partner in our network, and that partner pays us if a deal funds. We say that openly, and we also say when a bank, an attorney or your current funder is the better choice.

Could my credit take a hit if I read this page or begin a request?

Reading costs nothing and asks nothing. Starting a request does not pull credit. Should you go ahead with a specific offer later, the funding partner may run a soft or hard inquiry, and you'll be told which one before it happens.

I'm behind on payments right now. What should I do today?

Go through the default and reconciliation sections of your agreement, reach out to the funder before a third draft is missed, and avoid taking out a new advance just to cover the old one. The behind-on-payments situation walks through each step.

Is consolidation a good idea?

Sometimes. For a business with healthy deposits carrying two or more positions, a true consolidation can cut the daily load in half. Or it may simply be a larger advance spread over a longer term. Put total payback before and after side by side, with the factor rate's APR-equivalent next to it, and make your choice with the full figure in view.

What if the honest answer is that borrowing is the wrong move for me?

Then that is the answer you get. Some of the options here involve no funding at all, such as waiting out a quarter, letting positions run off, negotiating with your funder, or getting advice from an attorney or a nonprofit business counselor.

Can I just ask a question?

Yes. Send us an email or a note, and someone at the desk will reply within one business day. Asking doesn't require starting a request.

Library

The products and the math, plainly.

Plain explanations of the products and the math: the dollar cost of a factor rate, how consolidation actually works, what a reconciliation clause does, and when a bank makes more sense.

Not sure which situation is yours?

Tell us in a few lines what's happening. You'll get a straight answer from a person within one business day.

Reach a person Find your situation