Looking For 50k+ for Merchant who has over 10 positions already.
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  1. #1

    Looking For 50k+ for Merchant who has over 10 positions already.

    does 1-2 Million in deposits/month.

    pm for more details.

  2. #2
    Veteran Reputation points: 135672 Chambo's Avatar
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    Oh Lord

  3. #3
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    Quote Originally Posted by shmullsky View Post
    does 1-2 Million in deposits/month.

    pm for more details.
    OMG

    May have a solution - need complete details. Large spread between 1M and 2M in deposits, TIB? Industry?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  4. #4
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    this one is up there most I ever seen is 12 positions. You may want to reach out to Dan Page sounds like your merchant is doing good numbers if his net income is there, Mr. Page is the way to go for consolidations.

  5. #5
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Pretty sure Dan said his working capital program is on hold for now, concentrating more on RE deals.

  6. #6
    The Reverse Consolidation Program.

    Dave Margolies
    Managing Director
    ML Factors Trust
    456A Central Avenue, Ste 128
    Cedarhurst, NY 11516

    Direct: 609-879-0775
    Fax: 609-879-0775
    Dave@MLFactors.com
    Google Hangouts/Chat

    -Best 3rd-6th Position Funder in the Industry.
    -Daily AND *Weekly * ACH Available!
    -Multiple Underwriters with Completely Different Styles and Thresholds!
    -Same-Day Funding Up To $250,000.00. Total Capacity Per Deal: $1m
    -Few Stips Required. Commission on ALL refis and Renewals.
    -The Creator of The Reverse Consolidation Program.

  7. #7
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    And Cast Capital, and isn't there also Arcarius?

  8. #8
    yes sir

  9. #9
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    What is 50k going to cover? Maybe a week of daily payments?

  10. #10
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    And yes Dan Page is done with his consolidation. Everyone kept stacking on him.

  11. #11
    All i need is a Straight MCA someone who would do high risk.

  12. #12
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    There is already 8+ "high risk funders" in there. You are looking for an underwriter that truly does not care.

  13. #13
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    Over 10 positions? Need to know what the exact number is. 11? 12? 13?

    It matters because 11 positions is absolutely, 100% totally fine, but a 12th position is completely unethical. Be careful of crossing that line.

  14. #14
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    Any one I can suggest you is probably in there . Who are the ten?

  15. #15
    Clicked in assuming sarcasm post.

  16. #16
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    Mantis is probably in the deal ...If not VERY FEW companies in the country are "AS" aggressive as Mantis....
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  17. #17
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    Looking For 50k+ for Merchant who has over 10 positions already.

    Sounds like a customer I know. If that's the case he has 15+ positions because of his revenue and history.
    Direct Funder | MCA | Public Companies | Convertible Notes | Hard Money
    D. 516-667-6817
    paul@coolidgecapital.com

  18. #18
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    Quote Originally Posted by shmullsky View Post
    does 1-2 Million in deposits/month.

    pm for more details.
    If ML Factors is not in the deal we may be the only company willing to go in. I can probably name everyone in the deal without even looking at it. We can look at giving 50k today and even consider consolidating.

  19. #19
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    Hey Everyone,

    Thanks for the mention SAChip. And yes, my consolidation program is on hold, due primarily to incessant stacking. We are letting that pay out for a little bit, before jumping back in.

    That stated, we do have a new product that we've been working on for a few months now, and expect it to roll out next week. I had previewed what we were doing in a previous post here on DF, garnering some valuable feedback.

    Thanks guys!

    Dan Page
    Direct: (303) 938-8280

  20. #20

    Question

    Quote Originally Posted by dpFund View Post
    Hey Everyone,

    Thanks for the mention SAChip. And yes, my consolidation program is on hold, due primarily to incessant stacking. We are letting that pay out for a little bit, before jumping back in.

    That stated, we do have a new product that we've been working on for a few months now, and expect it to roll out next week. I had previewed what we were doing in a previous post here on DF, garnering some valuable feedback.

    Thanks guys!

    Dan Page
    Direct: (303) 938-8280
    Dan are you doing any term loans at the moment?

  21. #21
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by dpFund View Post
    Hey Everyone,

    Thanks for the mention SAChip. And yes, my consolidation program is on hold, due primarily to incessant stacking. We are letting that pay out for a little bit, before jumping back in.

    That stated, we do have a new product that we've been working on for a few months now, and expect it to roll out next week. I had previewed what we were doing in a previous post here on DF, garnering some valuable feedback.

    Thanks guys!

    Dan Page
    Direct: (303) 938-8280
    "On Hold"? why even bother going back into that arena? You said yourself, these merchant don't give a F***, and the reps obviously could give two s****, and they just come back and stack you. I would let the ones paying, pay out, and shut the whole thing down....

    Unless you are coming up with a plan & addendum to hold both merchant and other fund liable in light of stacking? Interesting to see how that could be done, but....

  22. #22
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    Quote Originally Posted by TedFundy View Post
    What is 50k going to cover? Maybe a week of daily payments?
    The $50K is a bridge to the next advance.

  23. #23
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    Quote Originally Posted by Chambo View Post
    "On Hold"? why even bother going back into that arena? You said yourself, these merchant don't give a F***, and the reps obviously could give two s****, and they just come back and stack you. I would let the ones paying, pay out, and shut the whole thing down.
    Yeah, I'd stay the hell away from the consolidations. But it would be nice if they kept the program (or something similar) for non consolidations.

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