Who can fund Attorneys? $200k per month revenue 700 credit ADB is over $25k
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  1. #1

    Who can fund Attorneys? $200k per month revenue 700 credit ADB is over $25k

    Please PM if you have the ability to do a first position. (currently has a first balance owed is $90k) Excellent financials; keeps up to date interim financials. Please PM.

  2. #2
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    -Business Backer

    -BFS

    -Funding Circle

    -Smart Biz

  3. #3
    Shot you a message. lawyers are a premium industry for TBB.

  4. #4
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    He can probably get line of credit. I'm ready to help you out, you'll probably make more money than your MCA funder will give you, and he'll net more money as well. Why give him a "position" if he can get a high quality credit line?

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    Who can fund Attorneys? $200k per month revenue 700 credit ADB is over $25k

    Quarterspot
    Only has to net 20% also
    Michael Rose
    Fundrite
    21 E Front St
    Redbank Nj. 07701
    718-839-5710

  6. #6
    He already has Quarterspot. We linked the firm up with Quarterspot two years ago and now they are refusing to renew despite the fact that his revenue has increased and so has his credit due to their stricter underwriting as of late. Additionally, they are now requiring a 40% net per an email I received from Austin.

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    Quote Originally Posted by Dcd3finance View Post
    Please PM if you have the ability to do a first position. (currently has a first balance owed is $90k) Excellent financials; keeps up to date interim financials. Please PM.
    Five Tower

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    Who can fund Attorneys? $200k per month revenue 700 credit ADB is over $25k

    5tower isn't paying off a 90k balance let alone fund him even 90...

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    That's strange I'm in the process of funding a guy right now 10k line of credit with on deck ...65k balance with swift giving him 100k netting him 25k
    Michael Rose
    Fundrite
    21 E Front St
    Redbank Nj. 07701
    718-839-5710

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    We would take a look.

    PM me for more info.

  11. #11
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    Who can fund Attorneys? $200k per month revenue 700 credit ADB is over $25k

    If getting a 1st to buyout their current position doesn't work out for you we should be able to offer an aggressive 2nd here with a decent term. Feel free to reach out if you need any assistance.

  12. #12
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    Extremely doubtfull..nobody will consolidate attorney. You asking if a 90k will be bought out and he can get 175k total..one position??? 0 percent chance
    .
    Last edited by golf2014; 06-24-2017 at 02:50 PM.

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    Clarification..op wants mca so he can make 6 to 8 points on 175k...not much less. Smart biz n funding circle are not going to be 10k to 13k commission...unreal

  14. #14
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    Quote Originally Posted by golf2014 View Post
    Clarification..op wants mca so he can make 6 to 8 points on 175k...not much less. Smart biz n funding circle are not going to be 10k to 13k commission...unreal
    Hence why OP should get the an 0 APR credit line. They can make 6 points on it through my channels.

  15. #15
    Veteran Reputation points: 135660 Chambo's Avatar
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    Quote Originally Posted by mishatbb View Post
    Shot you a message. lawyers are a premium industry for TBB.
    But you guys won't payoff $90,000

  16. #16
    Quote Originally Posted by Chambo View Post
    But you guys won't payoff $90,000
    but we'll let the merchant pay down to $75K themselves if there's no issues with the file

  17. #17
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    Quote Originally Posted by golf2014 View Post
    Clarification..op wants mca so he can make 6 to 8 points on 175k...not much less. Smart biz n funding circle are not going to be 10k to 13k commission...unreal

    First of all Scott, he never "clarified" anything specific to a "cash advance" in the original post. And not everyone on DailyFunder is out to drag merchants through the MCA train to rake in ridiculous commissions. Believe it or not, some of us are actually looking out for the clients' best interests, regardless of yield and commission.

    What's unreal is your inability to realize I suggested 2 options for both the alternative side AND the conventional side in my original response and yet you still chide against my suggestive post.

  18. #18
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    ^^^^^^^

    good job man, the industry could use more people that think like this guy

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