[ADiamond]

anyone doing them not maxing out at 100k or 150k, no limit on positions paid or amount netted? anyone accepting them and actually making offers?

[dpFund]

Yes, yes and yes

Max limit is $2MM
We have one at funding right now for $2MM and three more $500k+ in underwriting at the moment.
Monthly payment
12-30 month term, with early payoff at six months or later (no fees or interest, client just pays remaining principle).
No requirement to net any cash
Theoretically...no limit on the number of positions we will consolidate (I have consolidated eight positions), although I am going to look hard at why someone ended up with so many positions. :-)
My primary driver for pre-qualification is NET income (after all expenses and owner draw). We need to be sure the client can afford the monthly debt service, with comfortable margin left over.

Feel free to reach out if you are interested in discussing.

Best,

Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com

[FCF Fund]

Yes, yes and yes

Max limit is $2MM
We have one at funding right now for $2MM and three more $500k+ in underwriting at the moment.
Monthly payment
12-30 month term, with early payoff at six months or later (no fees or interest, client just pays remaining principle).
No requirement to net any cash
Theoretically...no limit on the number of positions we will consolidate (I have consolidated eight positions), although I am going to look hard at why someone ended up with so many positions. :-)
My primary driver for pre-qualification is NET income (after all expenses and owner draw). We need to be sure the client can afford the monthly debt service, with comfortable margin left over.

Feel free to reach out if you are interested in discussing.

Best,

Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com

Anthony,

Dan is a great for clients with a solid balance sheet and strong P&L, some of the others doing consolidations are Payroll financing, Breakout Capital and IOU that don't require merchant to net.

[jotucker1983]

anyone doing them not maxing out at 100k or 150k, no limit on positions paid or amount netted? anyone accepting them and actually making offers?

I personally haven't had that much traction with "consolidations" because, usually merchants who are requesting the consolidations are already too deep in the water, with the stacks harming their cashflow. They usually have NSFs, Overdrafts, and Negative Days through the roof and nobody will touch them.

In terms of funders/lenders doing consolidations, there's a ton of people out there:

- Some call their programs "consolidations" but they really function like a regular pay-off has always functioned, where a funder will pay off another funder's balance as long as the merchant nets 50% - 65% of the funds.

- Some are doing more real "consolidations" without requiring the merchant to net anything.

But my reality has been that merchants requesting consolidations are already deep in the water and can't get approved anywhere due to the high amount of NSFs/Overdrafts that have resulted from the stacks.

[BestLoans]

WBL
Joseph at 2121-220-6009

[Zach]

I personally haven't had that much traction with "consolidations" because, usually merchants who are requesting the consolidations are already too deep in the water, with the stacks harming their cashflow. They usually have NSFs, Overdrafts, and Negative Days through the roof and nobody will touch them.

In terms of funders/lenders doing consolidations, there's a ton of people out there:

- Some call their programs "consolidations" but they really function like a regular pay-off has always functioned, where a funder will pay off another funder's balance as long as the merchant nets 50% - 65% of the funds.

- Some are doing more real "consolidations" without requiring the merchant to net anything.

But my reality has been that merchants requesting consolidations are already deep in the water and can't get approved anywhere due to the high amount of NSFs/Overdrafts that have resulted from the stacks.

This is exactly the situation where WBL's product can be a viable option for your borrowers. If they have unused, inefficient equity in any real estate they (or a friend) own, we can structure a consolidation loan to pay off their multiple advances. Even with significant NSF and Negative Daily activity in the bank accounts, we can still consolidate many merchants and throw them a lifeline.