[LJH365]

I'm looking to beat an 18 month offer for the following:

Concrete Company located in TX, in business since '05

Nice banks- Over $200k on deposits per month every month last for the 6 except Jan ($148k), avg daily balance $20k+

Bk discharged 4 years ago. Owes no remaining debt.

Owes $15k on current MCA.

1st position Offer to beat is:
Amount: $99k
Payback: $139,590
Daily: $370
Term: 18 mos
Fees: $1960

*no collateral.

Already sent to Nulook, OD, Credibly, Pearl, Lemdini. Either DNQ'd or offers not competing

[aredmond]

I'm looking to beat an 18 month offer for the following:

Concrete Company located in TX, in business since '05

Nice banks- Over $200k on deposits per month every month last for the 6 except Jan ($148k), avg daily balance $20k+

Bk discharged 4 years ago. Owes no remaining debt.

Owes $15k on current MCA.

1st position Offer to beat is:
Amount: $99k
Payback: $139,590
Daily: $370
Term: 18 mos
Fees: $1960

*no collateral.

Already sent to Nulook, OD, Credibly, Pearl, Lemdini. Either DNQ'd or offers not competing

A) Your merchant is cool shopping his credit profile all over the place?(my bet is a solid NO)
B) Do you know your lenders requirements? You sent a file to Pearl and Lendini to get 18 months? Dying over here......If you get an 18 month deal from Lendini then Dinosaurs still exist.

Good luck

[mcaguru]

All else fails try us!! we are the kings at funding contractors. (and trucking / Transportation!! my favvvvv).

[LJH365]

A) Your merchant is cool shopping his credit profile all over the place?(my bet is a solid NO)
B) Do you know your lenders requirements? You sent a file to Pearl and Lendini to get 18 months? Dying over here......If you get an 18 month deal from Lendini then Dinosaurs still exist.

Good luck

I appreciate your comments. Did you consider:

A) I shopped the deal to Lendini (and others) BEFORE he received his 18 month deal?
B) That you should not assume what my merchant is 'cool' or not cool with me doing?
C) That perhaps the scenarios of the deal have evolved over the course of my dealing with this file?
D) That I might know what I am doing?
E) That I posted the deal for help, not criticism?

If any of the above sound like possibilities, perhaps you should learn to think before you bless this board with your dazzling erudition in future.

[aredmond]

I appreciate your comments. Did you consider:

A) I shopped the deal to Lendini (and others) BEFORE he received his 18 month deal?
B) That you should not assume what my merchant is 'cool' or not cool with me doing?
C) That perhaps the scenarios of the deal have evolved over the course of my dealing with this file?
D) That I might know what I am doing?
E) That I posted the deal for help, not criticism?

If any of the above sound like possibilities, perhaps you should learn to think before you bless this board with your dazzling erudition in future.

Relax there Mr. Hawley. This forum is a haven where you can bust each others balls....mine included. I just noticed in the comments you mentioned Lendini/Pearl and 18 months in the same post. Am I not allowed to laugh at that?

And lets be honest, no merchant loves their credit being shopped.

However, I hope you get him funded. That is a strong offer for a concrete company...

[LJH365]

Relax there Mr. Hawley. This forum is a haven where you can bust each others balls....mine included. I just noticed in the comments you mentioned Lendini/Pearl and 18 months in the same post. Am I not allowed to laugh at that?

And lets be honest, no merchant loves their credit being shopped.

However, I hope you get him funded. That is a strong offer for a concrete company...

yeah, yeah, yeah.

[WestCoastFunding]

All else fails try us!! we are the kings at funding contractors. (and trucking / Transportation!! my favvvvv).

He said this is the offer to beat is 99K with a $140K payback over 18 months. Mantis does 18 mo terms at 1.41?

[johndough17]

You definitely sent it to the wrong lenders.

I can send it over to ondeck/BB for you if you want to co-broker.

I'm looking to beat an 18 month offer for the following:

Concrete Company located in TX, in business since '05

Nice banks- Over $200k on deposits per month every month last for the 6 except Jan ($148k), avg daily balance $20k+

Bk discharged 4 years ago. Owes no remaining debt.

Owes $15k on current MCA.

1st position Offer to beat is:
Amount: $99k
Payback: $139,590
Daily: $370
Term: 18 mos
Fees: $1960

*no collateral.

Already sent to Nulook, OD, Credibly, Pearl, Lemdini. Either DNQ'd or offers not competing

[sigmundpannu]

Looks like he already went to OnDeck (OD). I thought Nulook was in bankruptcy? Lastly you don't mention anything about owners fico. Based on your notes about his BK it sounds like he didn't re-establish any credit, and if that's the case your searching for something that most likely doesn't exist.

[Michael I]

Who is the 18 month offer from?

[aredmond]

Who is the 18 month offer from?

I would guess BFS.

[Michael I]

I would guess BFS.

ding ding and what is there rule about first received? You see where i am going with this

[NoBigDeal]

I thought Nulook was in bankruptcy?

I thought this was the case too, but didn't want to throw around any unconfirmed rumors

[LJH365]

ding ding and what is there rule about first received? You see where i am going with this

Yes. That's what I'm up against guys.

[Cfairbank]

sean, what IS his/her credit score -- there has to be a gotcha in here.... otherwise, if credit is above 640 and they are current on core assets, they would not only qualify for our weekly program, but also for our monthly product -- and if clean, should be 18 or 24 month offer.

and if it was a PERSONAL bankruptcy within the past 5 years (that's key), we view that actually, in certain ways, as a positive. If it was a business bankruptcy....

I actually believe recent personalbankruptcy customers are great prospects and, as you all know, we are an A paper firm. In my life experience and from evaluating too much data, I personally believe these customers tend to, regardless of asset class, produce the best risk adjusted returns

The life of a man with a family on friday night! Let's get involved in deal flow when we always offer 500K to 1MM+ per day

[natashah]

**** daily payments, I got you on an 18mo term with weeklies and a lower payback email me your bank statements and personal info at natasha@premiummerchantfunding.com I can have you funded next week approvals in 24 hours

[HDF]

**** daily payments, I got you on an 18mo term with weeklies and a lower payback email me your bank statements and personal info at natasha@premiummerchantfunding.com I can have you funded next week approvals in 24 hours

Now how can you resist that offer? Sounds legit.