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06-05-2017, 05:53 PM #1
- Join Date
- May 2017
- Posts
- 13
Cash Advance with weekly payments
I've been coming across this a lot lately but I have a merchant that needs a cash advance but prefers weekly or monthly payments instead of daily. And also up to 12 months. She has a healthy business and good credit.
Email me your contact info, thanks
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06-05-2017, 06:01 PM #2
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06-05-2017, 06:25 PM #3
- Join Date
- Feb 2017
- Posts
- 157
We do weekly on premium 2nd position deals.
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06-05-2017, 07:34 PM #4
- Join Date
- Jul 2015
- Posts
- 168
About 60% of our working capital deals are now weekly payments. Honestly some merchants, especially those with a low # of ave credits, are better at managing a weekly payment as opposed to a daily payment. It feels counter-intuitive but in some cases for us its turned out to be less risky to do a weekly.
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07-11-2017, 09:41 PM #5
- Join Date
- Jul 2017
- Posts
- 2
hm@masonpluscapital.com
973 772 0122 mason
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07-12-2017, 03:00 PM #6Kaitlyn Miller
ISO Coordinator
770-617-2377
KM@SuperiorCapitalfund.com
http://superiorcapitalfund.com/
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07-12-2017, 03:58 PM #7
Healthy business and good credit are only part of the equation. what all these "me too, me too!" folks are forgetting to mention, is that the merchant's daily balances have to support/justify a weekly.
ex: If a daily is going to be $150 a day, and the merchant keeps $275 avg daily in the bank, well then, you cannot give them a weekly, because chances are it will bounce. A weekly bounce is more serious than a daily bounce, because you only have 4 or 5 a month, so the merchant would immediately go down 20% to 25% in performance.
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07-12-2017, 05:12 PM #8
- Join Date
- Jan 2014
- Posts
- 1,374
Just funded weekly payments 15 months with IOU
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07-12-2017, 05:20 PM #9
- Join Date
- Oct 2015
- Posts
- 39
The Business Backer gives a weekly option sent on all ACH offers (ie: if balances are super low in conjunction with cf stress they will only get a cc deal).
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09-12-2017, 03:59 PM #10
- Join Date
- May 2014
- Posts
- 27
We offer weekly payments on 1st and 2nd positions
Email us at support@huntercaroline.com for more info!
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09-12-2017, 04:14 PM #11Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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09-12-2017, 05:22 PM #12
- Join Date
- Sep 2016
- Posts
- 169
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09-12-2017, 06:32 PM #13
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- Apr 2017
- Location
- Dallas
- Posts
- 183
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09-12-2017, 11:24 PM #14
- Join Date
- Feb 2017
- Posts
- 157
We can do weekly's.
Sam
PDM Capital
Sam@pdmcapital.com
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09-13-2017, 10:33 AM #15
- Join Date
- Dec 2016
- Posts
- 6
..
Last edited by AlexSklar; 10-04-2017 at 01:56 PM.
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09-13-2017, 10:50 AM #16
[QUOTE=BestFundingOption;73057]I've been coming across this a lot lately but I have a merchant that needs a cash advance but prefers weekly or monthly payments instead of daily. And also up to 12 months. She has a healthy business and good credit.
Years in business ?
What type of industry (sic) ?
Merchant FICO score?
Revenue?
Daily ending balances?
Any seasonality during the year?
A merchant can want a weekly payment from now until pigs fly but does the merchant qualify?
Many times merchants tell me I want a weekly ... I want a weekly. Than I sell the daily with some flavor and the contracts gets signed!!!!
Weekly or Semi Monthly your merchant must qualify!!!Last edited by CraaaCraaa Radio; 09-13-2017 at 11:19 AM.
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09-21-2017, 01:24 PM #17
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- Jun 2017
- Posts
- 2,049
Breakout Too.
Last edited by ryan $; 09-21-2017 at 02:29 PM.
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09-22-2017, 12:49 AM #18
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- May 2017
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- 350
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09-25-2017, 01:36 PM #19
- Join Date
- Oct 2014
- Posts
- 3
He John! We are indeed a direct funder, with out own platform. Only in certain instances do we book files on other platforms, such as colonial, but all the funds are 100% backed by us and our investors. Not going to call you foolish, but ask that you do a little research before posting You can reach me any time to discuss any questions you may have about us at 954.591.9224
Best,
Cody Roth
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09-25-2017, 02:08 PM #20
- Join Date
- May 2014
- Posts
- 27
We are a direct lender, thank you.
What company do you work for johndough17? Can't seem to find any information on your ISO and/or company.
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09-25-2017, 05:28 PM #21
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- Oct 2016
- Posts
- 4,318
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09-26-2017, 08:39 AM #22
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- Jun 2017
- Posts
- 2,049
How Valuable is Weekly Payments? Compared to Daily. If you had Weekly Payments on all programs could you sell more? Same? Less?
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09-26-2017, 08:41 AM #23
- Join Date
- Jun 2017
- Posts
- 2,049
Hunter Caroline is a Direct Funder. Even if they Use a System like Colonial or the countless others...who Cares, if they Underwrite and put their own money out.... why build your own tech when it already exists.
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09-26-2017, 09:02 AM #24
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- Oct 2016
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- 4,318
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09-26-2017, 04:08 PM #25
- Join Date
- Oct 2014
- Posts
- 3
From time to time, we will have a bankable platform service some files if it advantageous. We do all the underwriting and backing, and pay a fee to leverage their technology, accounting, and legal services. This enable us to increase our collection(s) rate and profitability, while we can focus on doing what we do best - funding! There are countless other platforms that also operate like this. However, like i said, this is only on select files, the majority of our clients are on our in house platform. Feel free to give me a shout any time if you want to pick my brain! 954.591.9224
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