Florida Electrical company MCA Debt Relief Success Story

"For a year and four months we have been working together with Coastal Debt Resolve and we have been able to resolve all the payments I had outstanding with the creditors. All agreements have been reached 100% and I am about to finish the program."
~ Erich Diaz

Results Snapshot

Debt Reduction Achieved:
29.8%

$13,555.15

/Week

Previous MCA Payments

$1,085.12

/Week

New Restructured MCA Payments

$12,470.03

Weekly Savings
$73,786.89
Total Original Debt
$51,800.00
Settlement Amount
$21,986.89
Saved
16+months
Time In Program:

Information About the Results Snapshot

The figures shown reflect the individual client experience described on this page and are based on client-reported information, applicable program records, and the settlement terms included in the calculation.

 

For purposes of the Results Snapshot:

 

  • “Previous MCA Payments” means the client-reported aggregate weekly MCA payments or withdrawals before enrollment.
  • “New Restructured MCA Payments” means the client’s scheduled weekly contribution to the Coastal Debt Resolve program. It is not necessarily a payment made directly to creditors and may include Coastal Debt Resolve fees, authorized third-party fees, and funds intended for settlements.
  • “Weekly Savings” means the difference in scheduled weekly cash outflow between the client-reported prior MCA payments and the weekly program contribution. It does not represent net economic savings.
  • “Total Original Debt” means the asserted balance or balances included in the settlement calculation and may exclude other enrolled, withdrawn, excluded, or unresolved obligations.
  • “Settlement Amount” means the amount or amounts paid or payable under the negotiated settlement arrangements included in the calculation.
  • “Saved” means the gross difference between the asserted balances and negotiated settlement amounts. It does not represent net savings after Coastal Debt Resolve fees, authorized third-party fees, taxes, or other costs. If payments remain ongoing, the reduction is contingent upon timely completion of the applicable settlement terms.
  • “Time in Program” means the period from enrollment through the date of the Results Snapshot and does not necessarily mean that the program or every enrolled obligation has been completed.

 

This testimonial reflects an individual business experience. Results vary based on individual circumstances and creditor participation, and outcomes are not guaranteed

"I wholeheartedly recommend that anyone experiencing debt problems with creditors contact Coastal Debt Resolve through their website; they will definitely have a solution to your current debt problem."
~ Erich Diaz

How

Electrical Master EDP LLC

Succeeded

The Challenge

Erich Diaz is an electrical general contractor and business owner whose company specializes in remodeling illumination systems for well-known corporate giants, as well as various government entities. While securing these major contracts was a success, the standard 30-day payment terms typically required by his customers created significant cash flow gaps. To bridge this gap and maintain working capital, Erich utilized Merchant Cash Advances (MCAs). The financial situation escalated when several of Erich's client invoices went unpaid. Suddenly, the aggressive daily MCA payments that were initially meant to sustain his operations became a severe financial strain on his business.

Meet the team

Debt Reduction Achieved:
29.8%
A headshot photo of Nathan Mor, Director of Settlement Operations and Forbes Finance Council member.
Nathan Mor
Settlement Advisor Spotlight

Mr. Erich’s settlement advisor helped him understand the program and explore potential resolution options for his enrolled business debts. Nathan Mor has encountered many different MCA debt scenarios. He leverages this deep industry knowledge to assess each unique situation and explore potential resolution options based on the individual circumstances.

“For me, the ultimate reward is seeing a business owner regain control of their operations and chart a clear path toward financial freedom.”~ Nathan Mor

Account Manager Spotlight

Proof

Settlement Documents

29.8%
Savings
Debt:
$13,500.00
Paid
$11,000.00
a document with black text
12.6%
Savings
Debt:
$32,041.05
Paid
$28,000.00
a document with black text
51.14%
Savings
Debt:
$28,245.84
Paid
$13,800.00
a document with black text

Information About the Settlement Results

“Debt” means the asserted balance or balances included in the calculation. “Paid” means amounts paid or payable under the applicable settlement arrangements and does not necessarily mean that all settlement payments have been completed. “Savings” means the gross difference between those amounts, not net savings after Coastal Debt Resolve fees, authorized third-party fees, taxes, or other costs. If payments remain ongoing, the stated reduction is contingent upon timely completion of the applicable settlement terms.Coastal Debt Resolve is not a law firm and does not provide legal, financial, or professional advice. Services are provided exclusively to businesses, not consumer or personal debt relief. Debt-resolution outcomes are not guaranteed.

Start resolving your MCA debt today with your own dedicated team!

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Frequently asked questions

How much did Electrical Master EDP LLC save on the business debts included in the Results Snapshot?
Three enrolled commercial financing obligations with combined asserted balances of $73,786.89 were resolved for a combined $51,800.00, resulting in a gross balance reduction of $21,986.89, or approximately 29.8%.
What were the weekly savings for Erich Diaz?
Before enrollment, Erich Diaz reported approximately $18,984.00 in aggregate weekly payments or withdrawals relating to his enrolled commercial financing obligations. His weekly Coastal program contribution was established at $1,085.12, a difference in scheduled weekly cash outflow of $17,898.88. The program contribution is not a restructured payment made directly to the MCA creditors and includes program fees, authorized third-party fees, and funds intended for creditor settlements.
How long did the debt settlement process take for this electrical company case?
Electrical Master enrolled in February 2025 and has been in the program for more than 16 months as of August 2026.
Why did Erich Diaz need MCA relief?
Erich needed MCA relief because unpaid client invoices and delayed 30-day payment terms created severe cash flow gaps, making his daily MCA obligations unsustainable to keep up with.
Who managed the debt settlement for Electrical Master EDP LLC?
The case was led by Settlement Advisor Nathan Mor and supported by Account Manager Juan Limongi.