$500k deal
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  1. #1
    Senior Member Reputation points: 8384
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    $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

  2. #2
    Senior Member Reputation points: 105
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    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

  3. #3
    Senior Member Reputation points: 49940
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    $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.

  4. #4
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    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

  5. #5
    Senior Member Reputation points: 8384
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    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

  6. #6
    Senior Member Reputation points: 11170
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    Quote Originally Posted by abfunders View Post
    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
    Hey Micah, can you please PM me your source? I get a god amount of A paper deals that would love that, unless its corp cards.

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