Results 1 to 12 of 12
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08-31-2017, 11:00 AM #1
- Join Date
- Jun 2015
- Posts
- 32
3rd and 4th positions looking for $70k to 100k total
I have a merchant that has been increasing her sales, for one year all while getting and paying off MCAs, she is looking for a 3rd and possible a 4th position, she has over 100k in monthly credit card sales, with about 200 k in total monthly sales, someone said pearl and bizfi would be best for these positions, however I have not reached out to them yet, are there any other funders out there that would be interested? If so please text me, or leave me a voicemail at 424-281-7918 thank you
Last edited by BuyTanningSalons; 08-31-2017 at 11:01 AM. Reason: Mispelling
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08-31-2017, 01:40 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
I may be in this deal..If NOT please send with RUSH in subject line we can get you very fast offer.
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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08-31-2017, 01:51 PM #3
- Join Date
- Oct 2016
- Posts
- 4,318
Do they have a split deal in place? If so I'd work that angle. If not, there are like a zillion funders about to blow up your PMs and cell.
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08-31-2017, 02:07 PM #4
- Join Date
- Jul 2015
- Posts
- 1,202
So the 1st, 2nd, and now a solicited 3rd position funder should expect to be almost immediately stacked by the possible 4th. Slippery slope for a business owner wanting to stay in business.
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08-31-2017, 02:11 PM #5
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
The Sharks are out
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08-31-2017, 02:19 PM #6
- Join Date
- Oct 2016
- Posts
- 4,318
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08-31-2017, 02:21 PM #7
- Join Date
- Oct 2016
- Posts
- 4,318
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08-31-2017, 02:25 PM #8
we are offically in the twilight zone when we have a merchant looking for both a 3rd and a 4th at the same time, a broker who thinks its ok, and banks willing to look at it.. We are in end times
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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08-31-2017, 02:30 PM #9
- Join Date
- Aug 2014
- Posts
- 620
3rd and 4th positions looking for $70k to 100k total
We can definitely get you an aggressive offer here pending their daily ending balances and if we aren't already in the deal. Please reach out if you need any assistance.
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08-31-2017, 02:44 PM #10
- Join Date
- Jun 2015
- Posts
- 3,325
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08-31-2017, 03:17 PM #11John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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08-31-2017, 06:30 PM #12
- Join Date
- Jul 2017
- Posts
- 20
We're an A thru D paper Funder
Funding up to $1M
Quick Approvals
Same Day Funding!! No one funds faster than us, NO ONE!
Box 1
A paper up to 13 months 1st position, buy rates in High 1.2's
2nd positions up to 10 months
3rd positions up to 130 days
No Car dealerships. All other industries ok!
Box 2
C-D paper low credit score 110 days or below 1st thru 5th position
These offers we're going to try and keep 70-100 days
We're a recourse lender so we'll look at most industries and if we feel we can collect, we’ll fund them!
General Guidelines:
1. Lock box/ CC split: NO
2. Financial Products (MCA, Term Loans, LOC): MCA, ACH,
3. Daily/Weekly/Monthly: Daily, Weekly
4. Buy rates: 1.20's-1.49's
5. Min - max funding amount: 10k-1 million
6. Commission: 8-12
7. Min monthly deposits/ avg daily balances: 15k/ 4x daily payment
8: Max NSFs: 12
9. Docs required for submission: 3 month bank , application
10. Bankruptcies: dismissed minimum 1 year, discharged fund day after
11. Min FICO: 525
12. Min time in business: 1 Year
13. Positions will fund:6th
14. Restricted Industry: Auto, cell phones, non for profits, NO home base construction or Trucking company. Construction & trucking(non home base) must be in business at least 3 years.
15: Restricted States: NONE
16. Canada/Puerto Rico: NO
Thank you,
These two boxes pretty much cover the industry. Just remember we have the two boxes and two sets of different underwriting classes so if it can be funded, it will with Advantage!
If you have any Questions, please feel free to reach out to me at any time.
Let's make some money TOGETHER!
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