[Nikkiclean06]

Merchant currently has two dailys and Negotiated both daily payments. Both balances equal 100K. Revs are 800K a month < Need to either payoff second or payoff both.
Please I dont need to hear how ****ty the merchant is, Just if you have a solution please let me know.....

[nrh1lp]

what's the collateral?

[Sachip24]

what kind of business is it?

[WestCoastFunding]

By "negotiated" you mean he's on reduced payments?

If so, it's not a ****ty thing to do at all. Part of the contract allows for it if the merchant meets certain conditions and the funders need to honor it, as it's in their best interest. Additionally, by providing reduced payments the funder protects themselves, because another won't want to touch the merchant once they see the reductions in the bank pulls. But that's the thing: once they reduce it becomes difficult (but not impossible) to get funded.

[Yankeeman07]

Merchant currently has two dailys and Negotiated both daily payments. Both balances equal 100K. Revs are 800K a month < Need to either payoff second or payoff both.
Please I dont need to hear how ****ty the merchant is, Just if you have a solution please let me know.....

You do not mention TIB or Industry - therefore, in the blind they may qualify for a cc split/lockbox or a Line of Credit

[Joseph Esparza]

Merchant currently has two dailys and Negotiated both daily payments. Both balances equal 100K. Revs are 800K a month < Need to either payoff second or payoff both.
Please I dont need to hear how ****ty the merchant is, Just if you have a solution please let me know.....

FUNDKITE will Refi the balances and reduce those payments substantially; It's the answer to any Merchant sitting on the last 80 payments or thereabouts. The Consolidation program behaves like a modification, (since we refinance the blended factors thereby lowering the dailies,) but it does NOT disturb the Funders involved in anyway. The Consolidation program allows the merchant 3.8 months of payment-relief, as we inject the daily commitment he is required to make (on a weekly basis) - often saving the Merchant [subject to what is owed] $1000-$3000 per day. Think of it like this... if we pickup the 200k balance owed...essentially, that's what the Merchant gets to keep (since Merchant is no longer laying it out,) minus the cost of our money, as we pull our dailies which works out to a much lower payment, just as a modification would be, so it meets the objective in a non-disruptive manner. Clear?

[Funded In A Jiffy!]

Call Lorraine at 765.517.0975.

Lorraine McNair - COO
MoveAhead Financial
2114 E Blvd
Kokomo, IN 46952
lorraine@moveaheadfin.com
765.517.0975