[premierecapitalfunding]

We have a merchant from our inside sales floor that in HVAC industry (TIB > 20 years)
Monthly 90-120 K, 70% of CC sales
has 6 negatives in April
Has a position with Ondeck looking to consolidate it, net about 50K and get reasonable payments with longer terms (from 1 year, preferably 18 months).
Any Suggestions?

[Chambo]

depends on what the On Deck balance is.

[dpFund]

I am a direct funder and do a lot of consolidations.

If his net income is $13k/month or greater, I am happy to see if it is a fit for our funding model.

Monthly payments, 12-24 month term, early pre-pay anytime after six months with no fees, penalties or interest.

Feel free to reach out.

Best,

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

[golf2014]

Um...no.op

[Matrix1]

It's gotten to the point where if you tell a merchant that you can consolidate his positions for him. It's just an out right lie. There were several companies in the past that were actually doing this but if you know who they are then you clearly know the outcome and the fall of that so-called great empire. As far as the MCA game goes. If you have a merchant with several positions. It's just not going to happen. You're better off telling them that if their deposits match that it's possible to maybe pay off one or two of them but as far as consolidating 3-4 positions. It's just not happening anymore. And I do mean no collateral cash advance type.

[johndough17]

Qspot just gave me a 12m 65k 2nd pos for an HVAC deal behind BFS capital. Total 1.32 FR.

Try them out. My merchant was averaging 75k/month, not much CC sales. If they won't consolidate sell them the 2nd position.

Also try Credibly (i've had them consolidate some transport deals for me in the past that were ondeck balances.) or Sos (for a 2nd)