Results 1 to 9 of 9
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08-25-2017, 10:44 AM #1
- Join Date
- Dec 2016
- Posts
- 11
2nd Pos - $100K CAN Balance
So, customer is strong w/ CAN Balance of $100k at 22 mos term originally.
Does anyone out there that will do second up to 18 months?
My merchant was offered by iadvance, unsure if that's the same as iadvancenow, but sounds hard to swallow that they would do 18 months on second position with CAN. Has anyone encountered this same lender, if not, will there be other lenders that would do 2nd position? I highly doubt it, though.Last edited by California-Liberty; 08-25-2017 at 11:03 AM.
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08-25-2017, 10:48 AM #2
- Join Date
- Oct 2016
- Posts
- 4,318
Oh man, your PMs are about to EXPLODE. Protect yourself.
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08-25-2017, 11:02 AM #3
- Join Date
- Dec 2016
- Posts
- 11
what's PM?
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08-25-2017, 11:03 AM #4
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
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08-25-2017, 11:07 AM #5
- Join Date
- Dec 2016
- Posts
- 11
I sound so dumb! I don't know the terms, nor i know if the posts are serious or sarcasm?
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08-25-2017, 11:14 AM #6
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
Try Quarterspot or Rapid for a payoff. The Net amount is only 40% or even Principis is lower. I take you dont have an ISO with these companies or you would know this so might want to start signing up............ Ive had better luck Shopping for a payoff 18months on a second is kinda rough with a 100K balance. Tell Merchant to show you the contract. He could be lying
Wait Merchants do Lie
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08-25-2017, 11:14 AM #7
They are saying that your "PM" Private Messages" are about to blow up. In my experience getting a second position 18 month deal is not realistic.
Jeannette Nearing | Business Development Officer| AmeriFactors
| M (770) 362-2307
jnearing@amerifactors.com |
http://www.amerifactors.com
https://www.linkedin.com/in/jeannettenearing
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08-25-2017, 11:27 AM #8
- Join Date
- Dec 2016
- Posts
- 11
IOU would do 18mos on 2nd so it is realistic. QS may only go for 12/15max. We're sign up w/ Rapid, QS, Princ and Strategic.
My admin girl don't shot gun it enough perhaps.
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08-29-2017, 11:13 AM #9
- Join Date
- Aug 2017
- Location
- Las Vegas, NV
- Posts
- 7
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