Need Lender to consolidate 3 position
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  1. 07-25-2017, 10:33 AM #1
    Sebas54
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    Need Lender to consolidate 3 position

    I have merchant with 3 positions - totaling about 100k - Quarter, Can and Yellow..
    Gross per month 175k - Banks and credit good.

    Will any lender absorb all three and take the first.

    ***there may have been a payment adjustment with two of the lenders.
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  2. 07-25-2017, 10:57 AM #2
    Funder Mark
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    DOA. Did anyone ever train you in this industry, about deals that you shouldn't bother trying to get an MCA?
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  3. 07-25-2017, 11:14 AM #3
    abfunders
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    Quote Originally Posted by Sebas54 View Post
    Will any lender absorb all three and take the first. .
    I will ask the obvious question:
    What's the collateral and what's the credit score actually? Good is very relative in this industry...
    Micah Markowitz | mmarkowitz@abfunders.com | 314-396-2828 | abfunders.com
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  4. 07-25-2017, 11:17 AM #4
    ridextreme
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    Quote Originally Posted by Sebas54 View Post

    ***there may have been a payment adjustment with two of the lenders.
    Translation: he defaulted on two out of the three positions.

    Good luck!
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  5. 07-25-2017, 12:41 PM #5
    Kevin Henry-Seacoast
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    Quote Originally Posted by Sebas54 View Post
    I have merchant with 3 positions - totaling about 100k - Quarter, Can and Yellow..
    Gross per month 175k - Banks and credit good.

    Will any lender absorb all three and take the first.

    ***there may have been a payment adjustment with two of the lenders.
    What does the Company do? Who are their customers?
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426
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  6. 07-25-2017, 01:10 PM #6
    Sebas54
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    Travel agency.

    Credit above 650
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  7. 07-25-2017, 01:14 PM #7
    brokerCompany
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    I will be surprised if you get any funder to fund a travel agency with that much outstanding. No shot without real estate. Good luck
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  8. 07-25-2017, 01:38 PM #8
    Israel Funding
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    We fund or consolidate these all the time. Worst case we can consolidate a white label with yellowstone. Let me know.
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  9. 07-25-2017, 02:20 PM #9
    ryan $
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    Quote Originally Posted by Israel Funding View Post
    We fund or consolidate these all the time. Worst case we can consolidate a white label with yellowstone. Let me know.
    Yellowstone already has a position that they defaulted most likely - theyre gonna wanna increase their cash out with a defaulted merchant? are you for real?
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  10. 07-25-2017, 02:20 PM #10
    ryan $
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    Reverse Consolidation maybe possible
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  11. 07-25-2017, 02:29 PM #11
    Joseph Esparza
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    Quote Originally Posted by ryan $ View Post
    Reverse Consolidation maybe possible
    Not with mods or defaults...sorry.
    Joe Esparza
    FUNDKITE
    "FinTech High-Risk Funding Table"
    joseph.e@fundkite.com | 929.999.2700x1008
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  12. 07-25-2017, 02:31 PM #12
    ADiamond
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    reverse consolidation at http://castcapitalfunding.com/consolidation/
    Anthony Diamond
    Underwriter
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  13. 07-25-2017, 02:32 PM #13
    ryan $
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    Just did one last week where the merchant lowered her payments - so I DO THINK SO
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  14. 07-25-2017, 02:44 PM #14
    Kevin Henry-Seacoast
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    Quote Originally Posted by Sebas54 View Post
    Travel agency.

    Credit above 650
    Not a fit for us.... Good luck
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426
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  15. 08-04-2017, 10:43 PM #15
    golf2014
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    I have a better option...net with consolidation....payments still awesome.
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  16. 08-04-2017, 10:44 PM #16
    golf2014
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    Others are very strict no negative days...
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  17. 08-31-2017, 11:54 AM #17
    Asset Advance
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    most people wont touch it because of the lowered payments with current funders
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