Need to beat out direct capital
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  1. #1
    Senior Member Reputation points: 3956
    Join Date
    Jul 2015
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    120

    Need to beat out direct capital

    Currently working on a clean California Deal. Merchant currently has the following refinance offer from Direct Capital

    150k
    payback 169k
    652 a day
    12 months
    essentially a 1.13 factor rate

    Are there any Direct Lenders, no brokers needed, that could be competitive with this offer, as i have exhausted all resources.

    Thanks

    Brent
    Brent Goggins
    Business Credit Consultants
    ISO Relations Manager
    Direct: 518-776-7501
    Email: BrentG@bccusa.com

  2. #2
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Aug 2015
    Location
    CALIFORNIA
    Posts
    944

    one of the term lenders can beat it

  3. #3
    get a hold of Cody ruiz California...

    Term Loans
    Just funded an Environmental Company in California for $300,000. 3 year term, 15% interest, Monthly Payments.

    Please contact me if you're interested in learning more about our term loan.

    cody.ruiz@lendistry.com

  4. #4
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    Quote Originally Posted by mreruiz View Post
    get a hold of Cody ruiz California...

    Term Loans
    Just funded an Environmental Company in California for $300,000. 3 year term, 15% interest, Monthly Payments.

    Please contact me if you're interested in learning more about our term loan.

    cody.ruiz@lendistry.com
    Cody doesn't work there anymore (as of this week). Try Sean: sean@lendistry.com

  5. #5
    Senior Member Reputation points: 203690
    Join Date
    Jan 2014
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    1,374

    Quote Originally Posted by Money2Fund View Post
    Currently working on a clean California Deal. Merchant currently has the following refinance offer from Direct Capital

    150k
    payback 169k
    652 a day
    12 months
    essentially a 1.13 factor rate

    Are there any Direct Lenders, no brokers needed, that could be competitive with this offer, as i have exhausted all resources.

    Thanks

    Brent
    Pretty sick deal, term loan I think only way to compete as mentioned above

  6. #6
    Senior Member Reputation points: 9546
    Join Date
    Jun 2016
    Posts
    416

    Quote Originally Posted by Money2Fund View Post
    Currently working on a clean California Deal. Merchant currently has the following refinance offer from Direct Capital

    150k
    payback 169k
    652 a day
    12 months
    essentially a 1.13 factor rate

    Are there any Direct Lenders, no brokers needed, that could be competitive with this offer, as i have exhausted all resources.

    Thanks

    Brent
    Any better deal than this wouldn't be a cash advance.

  7. #7
    Member Reputation points: 2198
    Join Date
    Feb 2017
    Location
    New Jersey
    Posts
    29

    Need to beat out direct capital

    I have been seeing a lot of crazy deals from them lately....lost a 1.23(15 months) to a 1.20(18 months last week)
    Are they taking isos? And if so how does anyone make money at these rates
    Michael Rose
    Fundrite
    21 E Front St
    Redbank Nj. 07701
    718-839-5710

  8. #8

    Need to beat out direct capital

    They don't and most likely won't, they can't survive with defaults.

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