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  1. #1
    Senior Member Reputation points: 47257
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    Online retailer

    I have an online retailer doing 4.6mil a year in gross sales. Took 300k from someone, paying back 1.13. Balance is 190k. Looking to lower rate and take out another 100-150k.
    i sent to credit cash. Anyone else might be interested in this? Obviously would not expect to make much in commission, maybe a point or two.

    Let me know if there are any takers.
    Or any suggestions.

  2. #2

    Online retailer

    If my math is right he will need to pay off another $65k or so before you will be able to roll him into a new first.

    If he wants a 2nd I am sure you can get that done through YSC or Pearl or Capital Stack.

  3. #3

    Online retailer

    oh wow I just saw the rate.. that is a good factor. Who gave him that low of a factor to begin with?

    That almost looks like someone took their buy rate and added 1 point or something. With him being an online guy I wouldn't know where to go to even touch that rate.

  4. #4
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    Come on, no one will take a peak?

  5. #5
    State?

  6. #6
    Senior Member Reputation points: 5016 @jeannette's Avatar
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    Online retailer

    The factor rate looks like a credit cash type of Deal. Do you know if Swift will do online?
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

  7. #7

    Online retailer

    Looking for 2nd position and to beat a 1.13, my only guess there would be Wells Fargo or td bank ! Lol

  8. #8
    Senior Member Reputation points: 47257
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    Quote Originally Posted by CpepeWBL View Post
    State?
    Utah

  9. #9
    Senior Member Reputation points: 1419
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    What type of customers? If it's B2B I have a partner who can offer competitive options with less paperwork then CC.

  10. #10
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    ^^It is not b to b, it is b to c.

  11. #11
    I just made a new contact that could possibly get this done.

    If you want to call me on Monday I would be willing to split commission with you.

    (813)403-1377

    Ryan Deen

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