Louisiana Construction MCA Debt Relief Success Story

“I ended up getting a Merchant Cash Advance to cover some expenses with a job. The weekly payments were too much. So, I ended up defaulting on the loan.”
~ Terrance Allen

Results Snapshot

Debt Reduction Achieved:
16.8%

$1,310.40

/Week

Previous MCA Payments

$680.85

/Week

New Restructured MCA Payments

$629.55

Weekly Savings
$60,096.32
Total Original Debt
$50,000.00
Settlement Amount
$10,096.32
Saved
18+ 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Debt” means the asserted balance or balances included in the settlement calculation and may exclude other enrolled, withdrawn, excluded, or unresolved obligations.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 got a call from Coastal Debt Resolve, and they walked me through the steps on how to take control back of my company. I also met Miss Angie Kelly, which was magnificent with helping me obtain the information I needed to settle the debt.”
Terrance Allen

How

Proficient Fabrication and Repairs

Succeeded

The Challenge

For a construction company like Proficient Fabrication and Repairs, cash flow is the lifeblood of every project. However, after accepting a Merchant Cash Advance, owner Terrance Allen discovered that the daily withdrawals were suffocating his operations and leaving him unable to cover his company’s most basic essential needs.

Meet the team

Debt Reduction Achieved:
16.8%
Nathan Mor, the Senior MCA Debt Settlement Advisor at Coastal Debt Resolve smiles warmly.
Nathan Mor
Settlement Advisor Spotlight

With eight years of experience, Nathan Mor has encountered virtually every MCA debt scenario imaginable. He leverages this deep industry knowledge to quickly assess your unique situation and engineer the best possible path to relief.

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

Account Manager Spotlight

Angie Kelly understands exactly what resolving financial distress requires. It’s more than just strategy, it requires empathy. With years of experience guiding small business owners through MCA debt, she approaches every case with care, ensuring clients feel heard, respected, and supported throughout the entire process.

“I love the direct impact I have on these small business owners. I help protect what they’ve built, and want them to know they are in a safe place here at Coastal Debt Resolve.”

Angie Kelly is wearing black-framed glasses, a deep maroon cardigan over a black top, and a silver pendant necklace. The background is a solid, neutral gray.
Angie Kelly
Proof

Settlement Documents

16.8%
Savings
Debt:
$60,096.32
Paid
$50,000.00
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

What were the weekly savings for Terrance Allen?
The program reduced the weekly MCA withdrawals from $1,310.40 down to $680.85, resulting in a weekly cash flow improvement of $629.55.
How much did Proficient Fabrication and Repairs save on their MCA debt?
Through Coastal Debt Resolve, Terrance Allen achieved a 16.8% reduction in his total debt, saving a total of $10,096.32.
How long did the debt settlement process take for this construction case?
This specific resolution for Proficient Fabrication and Repairs was achieved over a period of 18+ months in the program.
Who were the advisors assigned to Terrance Allen’s case?
The restructuring and settlement were managed by Settlement Advisor Nathan Mor and Account Manager Angie Kelly.
Why did Proficient Fabrication and Repairs need MCA relief?
The business depended on cash flow for its projects, but aggressive daily MCA withdrawals were suffocating operations and preventing the owner from paying for basic essential needs.