Need a solid 5th position ... beauty supply/hair products industry / 150k month rev
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  1. #1
    Senior Member Reputation points: 983 Joseph Esparza's Avatar
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    Mar 2014
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    Manhattan, New York
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    [QUOTE=SirFundAlot;77334]Can anyone help here? or point me in the correct direction? Merchant hasnt missed any payments on any of the below advances...
    Merchant is looking for a 5th position....DETAILS LISTED BELOW....

    Merchant has 4 positions with details below....
    1st position owes 7k and pays $600 daily (pays off in 2 weeks or less)
    2nd position owes 30k and pays $750 daily
    3rd position owes 50k and pays $750 daily (funded July 2017)
    4th position owes 25k and pays $500 daily (funded July 2017)

    Merchant did....
    August - 190k in deposits // with ending balance at $12,500
    July - 167k in deposits // with ending balance at $19,000
    June - 107k in deposits // with ending balance at $14,500
    May - 145k in deposits // with ending balance at $7,000
    April - 160k in deposits // with ending balance at $35,000
    March - 176k in deposits // with ending balance at $21,000


    Why a 5th Position?

    FUNDKITE can translate this into $112k / 1.32 / 6month paying you 5% ($5,600) | Save the Merchant $1,322 per day | Then ReUP for the full amount again when ready and pay ISO upto 15points in a first position?

    CAN A STACK DO THAT?
    Joe Esparza
    FUNDKITE
    "FinTech High-Risk Funding Table"
    joseph.e@fundkite.com | 929.999.2700x1008

  2. #2
    Senior Member Reputation points: 5479
    Join Date
    Apr 2017
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    Dallas
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    183

    [QUOTE=Joseph Esparza;77339]
    Quote Originally Posted by SirFundAlot View Post
    Can anyone help here? or point me in the correct direction? Merchant hasnt missed any payments on any of the below advances...
    Merchant is looking for a 5th position....DETAILS LISTED BELOW....

    Merchant has 4 positions with details below....
    1st position owes 7k and pays $600 daily (pays off in 2 weeks or less)
    2nd position owes 30k and pays $750 daily
    3rd position owes 50k and pays $750 daily (funded July 2017)
    4th position owes 25k and pays $500 daily (funded July 2017)

    Merchant did....
    August - 190k in deposits // with ending balance at $12,500
    July - 167k in deposits // with ending balance at $19,000
    June - 107k in deposits // with ending balance at $14,500
    May - 145k in deposits // with ending balance at $7,000
    April - 160k in deposits // with ending balance at $35,000
    March - 176k in deposits // with ending balance at $21,000


    Why a 5th Position?

    FUNDKITE can translate this into $112k / 1.32 / 6month paying you 5% ($5,600) | Save the Merchant $1,322 per day | Then ReUP for the full amount again when ready and pay ISO upto 15points in a first position?

    CAN A STACK DO THAT?
    Sounds good but my experience has been just sounding good. you guys have been all talk.

  3. #3
    Senior Member Reputation points: 983 Joseph Esparza's Avatar
    Join Date
    Mar 2014
    Location
    Manhattan, New York
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    162

    [QUOTE=Nikkiclean06;77343]
    Quote Originally Posted by Joseph Esparza View Post

    Sounds good but my experience has been just sounding good. you guys have been all talk.
    It would now be the PERFECT TIME for Any group of ISO's that I've have funded recently with this program to step in! lol.
    Joe Esparza
    FUNDKITE
    "FinTech High-Risk Funding Table"
    joseph.e@fundkite.com | 929.999.2700x1008

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