[ADiamond]

I have a customer who has had MCA's for nearly 2 years now and at this point he is paying just under $3000/day to MCA debt.

He has managed to not renew his two positions and is at the point where they expire within 3 weeks from today.

He is an engineer, a manufacturer, and a wholesaler/retailer of his custom manufactured product.

He is unable to collateralize his $1MM equity in his home because he already has a HELOC and another position, it'd be a 3rd position.

What type of traditional lending would not want collateral, but look at his business and payment history and say "Wow, this guy is a great payer - let's give him a shot!" ???

What is the best route to take him down? Is there anyone that would help broker this deal with me? All he is concerned with is getting a more traditional product, monthly payment, etc.

[nrh1lp]

How is credit?

[ADiamond]

How is credit?

high 600's, maybe even over 700 at this point

[ADiamond]

fico is actually 750+

[GoldStandard]

fico is actually 750+

https://nationalcc.wufoo.com/forms/p...m-funding-llc/ UP TO $250K REVOLVING LINE ... UP TO 5 YEAR NO DOC 720 MIN SCORE ON ALL 3... 0% FIRST 6-12 MONTHS 8-19% APR AFTER THAT

EMAIL ME FROM YOUR NEW EMAIL
I think this is a better fit.


Thank You & Stay Productive!

Alexander Gold

Director of Business Development

​
​

| Mob | (862) 888-3235 | Toll | (844) 804-3511 Ex: 1008

| Fax | (646) 766-9923 | Email | Agold@ProsperumFunding.Com

57 West 38th Street, Suite 604 | New York, NY 10018

[ADiamond]

https://nationalcc.wufoo.com/forms/p...m-funding-llc/ UP TO $250K REVOLVING LINE ... UP TO 5 YEAR NO DOC 720 MIN SCORE ON ALL 3... 0% FIRST 6-12 MONTHS 8-19% APR AFTER THAT

EMAIL ME FROM YOUR NEW EMAIL
I think this is a better fit.


Thank You & Stay Productive!

Alexander Gold

Director of Business Development

​
​

| Mob | (862) 888-3235 | Toll | (844) 804-3511 Ex: 1008

| Fax | (646) 766-9923 | Email | Agold@ProsperumFunding.Com

57 West 38th Street, Suite 604 | New York, NY 10018

Why do I feel like I know you?

[nrh1lp]

probably because his post is the same thing as every other broker offering credit cards

[GoldStandard]

probably because his post is the same thing as every other broker offering credit cards

No no credit card offers here. We work with multiple banks. Nice thought, Do you know someone who offers the cards?

[GoldStandard]

Why do I feel like I know you?

I don't know maybe you funded some of my deals throughout the years at TVT and InAdvance, What are you up to these days?

https://nationalcc.wufoo.com/forms/p...m-funding-llc/ UP TO $250K REVOLVING LINE ... UP TO 5 YEAR, most will be 24 month Revolvers, Subordinated is ok , NO DOC 720 MIN SCORE ON ALL 3... 0% FIRST 6-12 MONTHS 8-19% APR AFTER THAT
No Banks needed.


Thank You & Stay Productive!

Alexander Gold

Director of Business Development
LOGO1.png
| Mob | (862) 888-3235 | Toll | (844) 804-3511 Ex: 1008

| Fax | (646) 766-9923 | Email | Agold@ProsperumFunding.Com

57 West 38th Street, Suite 604 | New York, NY 10018

[Christian]

Loan amount needed?

[ChuckM]

Invoice and Inventory Financing

[RichardGerard]

Anthony,

If there is collateral that makes sense I know people that want to deploy capital..

RG

[@jeannette]

As a manufacturer AR Factoring is the traditional step before bank financing. When we have an account on our program and they have good paying clients we can usually extend them an over advance to their line or increase their line size after three months. We would need to get a 1st position UCC, so the balances would need to be paid down enough to pay off the outstanding. Our line sizes are from 50K to $5Million. If they end up qualifying for bank financing, there is no fee to terminate the AR contract.