Net30 / Net45 Receivables Buried Us in 2020 🧾

Insurance companies were tarrying with their payments in 2020, blaming COVID for staffing issues. This caused a heavy strain on our operations.

We used up our business credit, and with high credit balances, we no longer qualified for tradional loans, hurting us more. We had no choice but to take 2 Merchant Cash Advances to keep our place & staff.

We also couldn't afford the MCA payments, so we stopped, then the hounding began. The MCA lenders called constantly, sent letters, and eventually summoned us to court. We felt like we were in big trouble.

We did some research and found Eastern Financial Partners, and within 2 hours, they strategized a plan and we finally felt like we had some hope. They assigned an attorney to our case, resolved the summons, and within 8 months, had full control over our cash flow again. Thank you Eastern!

- Vlassis, Rehabilitation*