Results 1 to 6 of 6
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05-26-2017, 05:08 PM #1
- Join Date
- Oct 2012
- Posts
- 360
$500k deal
$500k plus a month e-commerce merchant has web site but also does alot of sales through amazon
has SBA loan out for 2.3 mil
kabbage 100k balance original 100k @115k payback 12 months
and amazon original $750k 12.90% 12 months term at 13% 600k balance not deducted from bank but from his amazon sales
funded him 2 times before with swift but they will now not fund on top of amazon and kabage . need good 12 month option ..not the usual 2nd or 3rd ...
very good credit very good statements
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05-26-2017, 06:07 PM #2
- Join Date
- Apr 2016
- Posts
- 103
Is there any real estate (commercial / residential) that could be brought to this request for longer term / better rates? We typically offer term loans 1-4 years with monthly payments. Let me know if this merits a conversation.
Sean
LiftForward
917.477.6534
sean@liftforward.com
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05-26-2017, 08:03 PM #3
- Join Date
- Aug 2014
- Posts
- 620
$500k deal
Seems like this merchant needs money more often then every 7-8 months (when he would be ready for a renewal on a 12 month deal). If he is open to an aggressive offer (150-250k) on a 6 or 7 month deal maybe 8 months, if it's as clean as you claim, with minimal stips (DL VC AND PROOF OF EIN) then feel free to reach out, good luck with this one either way.
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05-27-2017, 03:49 PM #4
- Join Date
- Feb 2017
- Posts
- 3,455
Don't go the MCA route. Good credit means they deserve better. I challenge anyone to see if the terms they can offer can beat these:
24 months 0 APR, pay only 1.5% towards the principle monthly
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05-27-2017, 10:50 PM #5
- Join Date
- Oct 2012
- Posts
- 360
hey Anthony i was very specific in not the usual 2nd or 3rd .. not a yellow deal.. currently have $100k 9 month 1.23 buy rate offer looking for something closer to $150k to 200k 12 months weekly .. if can't find than will go with the 100k offer
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05-27-2017, 11:02 PM #6
- Join Date
- May 2017
- Posts
- 350
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