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08-18-2017, 11:56 AM #1
[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 EsparzaFUNDKITE"FinTech High-Risk Funding Table"joseph.e@fundkite.com | 929.999.2700x1008
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08-18-2017, 12:13 PM #2
Reputation points: 5479
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
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08-18-2017, 12:27 PM #3
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