Results 1 to 18 of 18
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06-22-2017, 02:57 PM #1
- Join Date
- Aug 2014
- Posts
- 8
Who can fund Attorneys? $200k per month revenue 700 credit ADB is over $25k
Please PM if you have the ability to do a first position. (currently has a first balance owed is $90k) Excellent financials; keeps up to date interim financials. Please PM.
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06-22-2017, 03:07 PM #2
-Business Backer
-BFS
-Funding Circle
-Smart Biz
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06-22-2017, 03:16 PM #3
- Join Date
- Oct 2015
- Posts
- 39
Shot you a message. lawyers are a premium industry for TBB.
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06-22-2017, 03:29 PM #4
- Join Date
- Feb 2017
- Posts
- 3,429
He can probably get line of credit. I'm ready to help you out, you'll probably make more money than your MCA funder will give you, and he'll net more money as well. Why give him a "position" if he can get a high quality credit line?
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06-22-2017, 03:37 PM #5
- Join Date
- Feb 2017
- Location
- New Jersey
- Posts
- 29
Who can fund Attorneys? $200k per month revenue 700 credit ADB is over $25k
Quarterspot
Only has to net 20% alsoMichael Rose
Fundrite
21 E Front St
Redbank Nj. 07701
718-839-5710
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06-22-2017, 04:16 PM #6
- Join Date
- Aug 2014
- Posts
- 8
He already has Quarterspot. We linked the firm up with Quarterspot two years ago and now they are refusing to renew despite the fact that his revenue has increased and so has his credit due to their stricter underwriting as of late. Additionally, they are now requiring a 40% net per an email I received from Austin.
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06-22-2017, 06:12 PM #7
- Join Date
- Jun 2016
- Posts
- 416
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06-22-2017, 06:43 PM #8
- Join Date
- Aug 2014
- Posts
- 194
Who can fund Attorneys? $200k per month revenue 700 credit ADB is over $25k
5tower isn't paying off a 90k balance let alone fund him even 90...
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06-22-2017, 08:54 PM #9
- Join Date
- Feb 2017
- Location
- New Jersey
- Posts
- 29
That's strange I'm in the process of funding a guy right now 10k line of credit with on deck ...65k balance with swift giving him 100k netting him 25k
Michael Rose
Fundrite
21 E Front St
Redbank Nj. 07701
718-839-5710
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06-22-2017, 10:22 PM #10
- Join Date
- Feb 2017
- Posts
- 157
We would take a look.
PM me for more info.
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06-23-2017, 09:00 AM #11
- Join Date
- Aug 2014
- Posts
- 620
Who can fund Attorneys? $200k per month revenue 700 credit ADB is over $25k
If getting a 1st to buyout their current position doesn't work out for you we should be able to offer an aggressive 2nd here with a decent term. Feel free to reach out if you need any assistance.
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06-23-2017, 10:08 AM #12
- Join Date
- Apr 2014
- Posts
- 781
Extremely doubtfull..nobody will consolidate attorney. You asking if a 90k will be bought out and he can get 175k total..one position??? 0 percent chance
.Last edited by golf2014; 06-24-2017 at 02:50 PM.
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06-23-2017, 10:11 AM #13
- Join Date
- Apr 2014
- Posts
- 781
Clarification..op wants mca so he can make 6 to 8 points on 175k...not much less. Smart biz n funding circle are not going to be 10k to 13k commission...unreal
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06-23-2017, 10:14 AM #14
- Join Date
- Feb 2017
- Posts
- 3,429
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06-23-2017, 02:15 PM #15
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06-23-2017, 11:52 PM #16
- Join Date
- Oct 2015
- Posts
- 39
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06-26-2017, 11:23 AM #17
First of all Scott, he never "clarified" anything specific to a "cash advance" in the original post. And not everyone on DailyFunder is out to drag merchants through the MCA train to rake in ridiculous commissions. Believe it or not, some of us are actually looking out for the clients' best interests, regardless of yield and commission.
What's unreal is your inability to realize I suggested 2 options for both the alternative side AND the conventional side in my original response and yet you still chide against my suggestive post.
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06-26-2017, 01:15 PM #18
- Join Date
- May 2017
- Location
- Jacksonville, Florida
- Posts
- 31
^^^^^^^
good job man, the industry could use more people that think like this guy
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