Results 1 to 16 of 16
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08-18-2017, 11:15 AM #1
- Join Date
- Jan 2017
- Posts
- 65
Need a solid 5th position ... beauty supply/hair products industry / 150k month rev
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
THANK YOU FUNDERS! Happy FUNDday!!!
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08-18-2017, 11:20 AM #2
When you wrote the July deposits, was that including the 3rd and 4th position that was funded? You may want to clarify
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08-18-2017, 11:28 AM #3
- Join Date
- Jul 2014
- Posts
- 196
Need a solid 5th position ... beauty supply/hair products industry / 150k month rev
Looks like he has room for a 5th or partial consolidation . Please contact me if you need assistance .
347-492-1801
Mike@samsonfunding.com
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08-18-2017, 11:56 AM #4
[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 #5
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
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08-18-2017, 12:24 PM #6
- Join Date
- Oct 2016
- Posts
- 4,318
Tell this guy to payoff his advances on the current payment schedule, and then stop taking advances.
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08-18-2017, 12:27 PM #7
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08-18-2017, 12:29 PM #8
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
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08-18-2017, 12:32 PM #9
- Join Date
- Jan 2017
- Posts
- 65
@nikkiclean06 the first 2 were funded sometime between December 2016- January 2017.... and thank you @westcoastfunding for your words of wisdom... i will relay message to my merchant
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08-18-2017, 12:40 PM #10
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
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08-18-2017, 01:27 PM #11
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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08-18-2017, 02:20 PM #12
- Join Date
- Jan 2017
- Posts
- 65
Would LOVE to send to you.... but the circumstances dont allow in this specific case lol @mcaguru
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08-18-2017, 02:47 PM #13
- Join Date
- Aug 2017
- Posts
- 1
Hi, if you could dm me, we can further discuss this deal. Thank you.
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08-18-2017, 03:41 PM #14
- Join Date
- Oct 2016
- Posts
- 4,318
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08-21-2017, 11:15 AM #15
- Join Date
- Jan 2017
- Posts
- 65
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08-21-2017, 04:07 PM #16
- Join Date
- Jul 2017
- Posts
- 105
I'm a direct lender. I can do this deal.
Direct Funder | MCA | Public Companies | Convertible Notes | Hard Money
D. 516-667-6817
paul@coolidgecapital.com
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