New York Medical Sales Company MCA Debt Relief Success Story
00:00 - Introduction: Medical Equipment Exporter Business Profile"Hello, my name is Bernie Glas. I'm full owner of a company called Adam Medical Sales Inc. Been in business for approximately 30 years.
00:14 - The Challenge: Expensive Merchant Cash Advance (MCA) DebtSo we were involved over a number of years in getting cash advances, which were typically extremely expensive. And we paid down quite a bit, but then we got economically a little bit strapped and things became difficult, and we started missing payments. And they were threatening us with all kinds of situations.
00:40 - Business Debt Relief: Partnering with Coastal Debt ResolveFortunately, we were able to in contact with Coastal Debt Resolve, and Christian Alvarez contacted us... and gave us an option of how to make some small weekly payments, which were substantially less than the ones that we had to pay.
01:13 - The Results: Reduced MCA Payments & Restored Cash FlowAnd after accumulating a certain amount, they made a deal for a much lower payment schedule. And it was really painless what they did. As a result, we paid down everything, and we are good. I don't have any more MCAs. I refuse to do any more. And our cash flow is good, and everything was great.
01:30 - Coastal Debt Resolve Client Review & RecommendationAnd I recommend this situation to any company that has problems with paying down their MCAs and getting into real trouble because the MCAs are very expensive. And utilizing Coastal Debt Resolve will help them because they will cut a deal with the creditor and make it easier for the company to pay down their debt substantially less than the original debt.
That's all I have to say. Everything is good. We're a happy lot, thank you.
Results Snapshot
$2,000.00
/Week
$1,033.54
/Week
$966.46
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
How
Adam Medical Sales Inc
Succeeded
The Challenge
Bernard Glas company specializes in exporting pre-owned medical imaging equipment, such as CT scanners and MRI systems. Operating in this industry requires significant upfront capital to purchase expensive inventory, but persistent delays in receiving customer payments created ongoing cash flow challenges for the business. To bridge the financial gap between purchasing equipment and receiving customer payments, the company turned to high-cost Merchant Cash Advances (MCAs). A particularly large MCA resulted in substantial monthly payment obligations that became difficult to manage, ultimately leading to defaults and collection-related pressure from the funder.
Seeking a more sustainable solution, the business owner reached out to Coastal Debt Resolve and worked with representative Christian Alvarez. Coastal Debt Resolve worked with the business to establish a structured program involving smaller, more manageable weekly contributions intended to support potential negotiations with the funder.
After sufficient funds had accumulated through these contributions, Coastal Debt Resolve negotiated a modified payment arrangement with the funder that reduced the company’s overall financial obligations. Through this process, the business was able to make progress toward resolving its outstanding balance and improving its cash flow.
This case study reflects an individual business experience. Results vary and are not guaranteed. Outcomes depend on individual circumstances and creditor participation.
Meet the team
Mr. Bernard’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 utilizes 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
Backed by more than 20 years of experience across collections, risk evaluation, and service contract management, Christian brings valuable industry insight to business debt resolution. Having worked directly within the debt lifecycle, he understands how creditors approach debt management and negotiations. Christian utilizes this extensive hands-on experience to assess complex MCA debt situations, advocate for his clients’ interests, and pursue clear, structured paths toward potential debt resolution and more manageable payment arrangements.
"Having spent over 20 years understanding both sides of the debt equation, my goal is simple: use that insider knowledge to protect small business owners and give them a clear path forward." ~ Christian Alvarez
Settlement Documents
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!
Frequently asked questions
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