Results 1 to 13 of 13
Threaded View
-
07-21-2017, 12:45 PM #1
Help converting an MCA customer to traditional lending
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.Anthony Diamond
Underwriter
Similar Threads
-
Non-Traditional Ways to Tell Your Customers Thank You
By Shampa Bagchi in forum PromotionsReplies: 0Last Post: 11-23-2016, 07:37 PM -
High Converting Live Transfers! Try Before You Buy!
By nyc in forum PromotionsReplies: 14Last Post: 09-28-2015, 03:42 PM -
Merchant Cash Advance Live Transfers Converting High
By MauriceFranklin in forum PromotionsReplies: 0Last Post: 07-09-2015, 12:20 PM -
MCA leads converting up to 20%
By PFS Marketing in forum PromotionsReplies: 0Last Post: 12-29-2014, 12:39 PM -
Highly converting exclusive merchant cash advance leads for sale 888-564-5551---
By Pro leads Nyc in forum PromotionsReplies: 3Last Post: 05-30-2014, 08:25 AM