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  1. #1
    Senior Member Reputation points: 47257
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    Apr 2013
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    Basalt CO
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    hair salon looking for $90k

    Have a hair salon with two positions. He wants to pay off the $50k outstanding and net the difference.
    Owes ODC and IOU a cumulative of $50.
    Doing around $65k a month in gross sales.
    No Nsf's and daily balances are around 15k.

    ODC got him $89k to begin with and he is on his 3rd round with them (no idea how ODC could get that done).

    Anyway, just wondering if anyone sees something i am not.

    No assets to pledge.

  2. #2
    Senior Member Reputation points: 198007
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    Mar 2017
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    Nunya
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    Quote Originally Posted by skideeppow View Post
    Have a hair salon with two positions. He wants to pay off the $50k outstanding and net the difference.
    Owes ODC and IOU a cumulative of $50.
    Doing around $65k a month in gross sales.
    No Nsf's and daily balances are around 15k.

    ODC got him $89k to begin with and he is on his 3rd round with them (no idea how ODC could get that done).

    Anyway, just wondering if anyone sees something i am not.

    No assets to pledge.
    Only thing I see is that you posted this in the wrong section of the forum.

  3. #3
    Senior Member Reputation points: 99210 ridextreme's Avatar
    Join Date
    Dec 2014
    Posts
    1,066

    YSC for another position, he's not going to get anywhere close to 90.

  4. #4
    Senior Member Reputation points: 11553 Eagle Funding's Avatar
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    Oct 2014
    Location
    New York
    Posts
    385

    hair salon looking for $90k

    Principis
    Eagle Funding Group
    Phone: (646) 793-6809
    Email: info@eaglefundinggroup.net
    Web: www.eaglefundinggroup.net

  5. #5
    Senior Member Reputation points: 18402
    Join Date
    Apr 2014
    Posts
    781

    Why

    3rd position only...but the daily will be very high and I'm sure it won't be taken.

  6. #6

    hair salon looking for $90k

    Deal sounds good for about 20-30k on a 3rd, I don't see anyone paying the other positions off. Good luck finding what you're looking for though.
    Anthony
    Senior Funding Coordinator
    Anthony@fundersconnect.com
    Direct: 201-523-2596
    Fundersconnect Is An Approved Vendor of Delta Bridge Funding Products

  7. #7
    Senior Member Reputation points: 33996
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    Jan 2015
    Location
    Laguna Beach
    Posts
    463

    Quote Originally Posted by Eagle Funding View Post
    Principis
    Lol

  8. #8
    Banned Reputation points: 179851
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    Jun 2017
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    2,051

    What state is he in?

  9. #9
    Banned Reputation points: 179851
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    Jun 2017
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    2,051

    What state is he in? LoanMe if the State supports it.

    Otherwise why does he want to pay off? Daily Payments? There are ways to get him more capital and keep payments where they are at.

  10. #10
    Quarterspot

  11. #11

    If you want a consolidation, I would be happy help

    Send over your file to jayson@mlfactors.com and I'll have an offer for you in the next hour.

    Best regards




    Quote Originally Posted by skideeppow View Post
    Have a hair salon with two positions. He wants to pay off the $50k outstanding and net the difference.
    Owes ODC and IOU a cumulative of $50.
    Doing around $65k a month in gross sales.
    No Nsf's and daily balances are around 15k.

    ODC got him $89k to begin with and he is on his 3rd round with them (no idea how ODC could get that done).

    Anyway, just wondering if anyone sees something i am not.

    No assets to pledge.

  12. #12
    Veteran Reputation points: 134971 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,174

    Quote Originally Posted by skideeppow View Post
    Have a hair salon with two positions. He wants to pay off the $50k outstanding and net the difference.
    Owes ODC and IOU a cumulative of $50.
    Doing around $65k a month in gross sales.
    No Nsf's and daily balances are around 15k.

    ODC got him $89k to begin with and he is on his 3rd round with them (no idea how ODC could get that done).

    Anyway, just wondering if anyone sees something i am not.

    No assets to pledge.
    ON DECK probably got it done because sales were considerably higher when they first applied, and it was a first position

  13. #13
    Member Reputation points: 23 B2csp's Avatar
    Join Date
    Sep 2016
    Location
    Florida
    Posts
    69

    how much are you trying to get him? we might be able to get this done but idk if we could get to 90k like Ondeck

  14. #14
    Senior Member Reputation points: 301165
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    Jun 2015
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    3,313

    Quote Originally Posted by Chambo View Post
    ON DECK probably got it done because sales were considerably higher when they first applied, and it was a first position
    i personally have funded at least 30 deals this year where on deck gave way over what they do in a monthly basis. officially they go up to 200% of monthly gross .

    Just last week i got an approval for 90k when merchant last 3 months were his best and he was doing an average of 47k(march 43k,april 46k and may 52k). Merchant was smart here and only took 50k

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