Results 1 to 11 of 11
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06-19-2014, 11:29 AM #1
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
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.
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06-19-2014, 12:18 PM #2
- Join Date
- Apr 2014
- Posts
- 73
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.
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06-19-2014, 12:22 PM #3
- Join Date
- Apr 2014
- Posts
- 73
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.
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06-20-2014, 02:49 PM #4
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
Come on, no one will take a peak?
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06-20-2014, 03:02 PM #5
- Join Date
- Jun 2013
- Posts
- 195
State?
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06-21-2014, 04:43 PM #6
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
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06-22-2014, 05:50 AM #7
- Join Date
- Mar 2014
- Posts
- 147
Online retailer
Looking for 2nd position and to beat a 1.13, my only guess there would be Wells Fargo or td bank ! Lol
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06-23-2014, 11:11 AM #8
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
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06-23-2014, 11:19 AM #9
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
What type of customers? If it's B2B I have a partner who can offer competitive options with less paperwork then CC.
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06-23-2014, 01:30 PM #10
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
^^It is not b to b, it is b to c.
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06-28-2014, 07:14 PM #11
- Join Date
- Apr 2014
- Posts
- 73
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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