[usafundingmca39218]

Merchant has two positions, one is a credit card deal with close to 100k left. other is 50k.

Does not want third position. Strictly wants to be paying less weekly.

PM me if you can do it. Direct Funders only please.

[ryan $]

Merchant has two positions, one is a credit card deal with close to 100k left. other is 50k.

Does not want third position. Strictly wants to be paying less weekly.

PM me if you can do it. Direct Funders only please.

90% Of Companies arent paying off 100k - Reverse, Term Loan? Real Estate?

[allison]

Merchant has two positions, one is a credit card deal with close to 100k left. other is 50k.

Does not want third position. Strictly wants to be paying less weekly.

PM me if you can do it. Direct Funders only please.

Just messaged you!

[mikem]

Merchant has two positions, one is a credit card deal with close to 100k left. other is 50k.

Does not want third position. Strictly wants to be paying less weekly.

PM me if you can do it. Direct Funders only please.

Not happening unless you do hard money. Reverse aint happening here.

[Yankeeman07]

Merchant has two positions, one is a credit card deal with close to 100k left. other is 50k.

Does not want third position. Strictly wants to be paying less weekly.

PM me if you can do it. Direct Funders only please.

Does Merchant have real estate?

[johndough17]

I hope you realize if you send a file to powerfunding that they are a broker.

[johndough17]

The only companies I can think of that'll do the deal if banks look good compared to balances is breakout (needs good credit too, etc, super a paper, but not sure .

Maybe try fundkite if breakout isn't an option (never used fundkite).

[mikem]

The only companies I can think of that'll do the deal if banks look good compared to balances is breakout (needs good credit too, etc, super a paper, but not sure .

Maybe try fundkite if breakout isn't an option (never used fundkite).

Have you ever seen a Breakout approval consolidating balances that are double the amount of the merchants revenue?? Cant imagine it. No one would give such an approval. Also with the balances being so high. Lastly, if he has two positions he cant be super A paper by definition.

[mikem]

I hope you realize if you send a file to powerfunding that they are a broker.

Can you confirm that they are a broker. She posts 10 times a day on this platform as a funder. They deny being a broker on the phone. Can we get some clarity here allison?

Nothing wrong with sending files to brokers that know how to really source offers...most of the brokers I work with really have no clue how to source the correct offer nor do they have the time/manpower to do so.

But you shouldnt be posting as a direct funder if you are a broker.

Please advise Power funding.

[johndough17]

Merchant has two positions, one is a credit card deal with close to 100k left. other is 50k.

Does not want third position. Strictly wants to be paying less weekly.

PM me if you can do it. Direct Funders only please.

If there is no collateral, no one can do this.

Don't send it to anyone who says they can.

All I can think of is secc (hard money, etc) lift forward , Insource (hard money), and wbl as last option.

Or ask him to pay his balances down, then send it to SOS.

[Yankeeman07]

Merchant has two positions, one is a credit card deal with close to 100k left. other is 50k.

Does not want third position. Strictly wants to be paying less weekly.

PM me if you can do it. Direct Funders only please.

Has anyone had a direct response from this poster?

[Joseph Esparza]

The only companies I can think of that'll do the deal if banks look good compared to balances is breakout (needs good credit too, etc, super a paper, but not sure .

Maybe try fundkite if breakout isn't an option (never used fundkite).

Reach out to Steve Kahmi or myself here at FUNDKITE: 929.999.7500 ISO RELATIONS.

[allison]

I hope you realize if you send a file to powerfunding that they are a broker.

We are a direct lender, not a broker. Call me if you need clarification, I’d be happy to give it to you.

[allison]

Can you confirm that they are a broker. She posts 10 times a day on this platform as a funder. They deny being a broker on the phone. Can we get some clarity here allison?

Nothing wrong with sending files to brokers that know how to really source offers...most of the brokers I work with really have no clue how to source the correct offer nor do they have the time/manpower to do so.

But you shouldnt be posting as a direct funder if you are a broker.

Please advise Power funding.

We are a direct funder. I’m not sure what gave anyone the impression that we are a broker. I’d be happy to chat and provide further clarification if needed. 215-678-6650.

[RichardGerard]

If the client is doing 75k per month with 150k in debt to consolidate, the important questions to ask are:

What is the Gross Profit Margin?
What is Guarantors FICO score?
Was the business profitable (or near break even) even with paying for expensive debt?
Collateral isn't necessarily the issue- whether or not the business/guarantor can qualify for a loan is the issue.

Advances do not work to fix overleveraged merchants. If they are 'funded' 200k, and the term is 12 months, the MCA cost of capital will likely be above 1.3 meaning they just bought 110k more debt than they previously owed. If the client has taken on new contracts- or needs the fresh capital to address growth/acquisitions- those are the only viable reasons to 'buy' more debt, as the profits from the new opportunity will hopefully outweigh the cost of the new debt.

There are several folks on this blog that have been here awhile. How many different folks have said they do consolidations? How long does the program typically work before it is modified down to 2 positions etc.?

We have successfully consolidated 14 positions, and have done several others from 4-12 positions. We work with partner lenders based on the business type, and the reasons why a lender will look to be involved.

[AdvanceFund]

Merchant has two positions, one is a credit card deal with close to 100k left. other is 50k.

Does not want third position. Strictly wants to be paying less weekly.

PM me if you can do it. Direct Funders only please.

I can do a reverse. What are the dailies of each position?

[gerayin]

I can do a reverse. What are the dailies of each position?

Million dollar questions. Finally someone asked it.

[gerayin]

We are a direct funder. I’m not sure what gave anyone the impression that we are a broker. I’d be happy to chat and provide further clarification if needed. 215-678-6650.

Whats with the SBA loan you're selling on your website?

[WhoisKingsley]

If the client is doing 75k per month with 150k in debt to consolidate, the important questions to ask are:

What is the Gross Profit Margin?
What is Guarantors FICO score?
Was the business profitable (or near break even) even with paying for expensive debt?
Collateral isn't necessarily the issue- whether or not the business/guarantor can qualify for a loan is the issue.

Advances do not work to fix overleveraged merchants. If they are 'funded' 200k, and the term is 12 months, the MCA cost of capital will likely be above 1.3 meaning they just bought 110k more debt than they previously owed. If the client has taken on new contracts- or needs the fresh capital to address growth/acquisitions- those are the only viable reasons to 'buy' more debt, as the profits from the new opportunity will hopefully outweigh the cost of the new debt.

There are several folks on this blog that have been here awhile. How many different folks have said they do consolidations? How long does the program typically work before it is modified down to 2 positions etc.?

We have successfully consolidated 14 positions, and have done several others from 4-12 positions. We work with partner lenders based on the business type, and the reasons why a lender will look to be involved.

Please reach out to Richard for the love of all things MCA. Consolidation of balances was something that was created and misconstrued and now isn't a real consolidation at all. In your case you would need to stretch out the term to make his payments lower for a consol. Which outlet do you know of that will take that risk of paying off unsecured debt without putting something in place for it to not happen again? Doesn't exist in our space... just as much as COJs stopping Merchants from defaulting.

What you need is to qualify him for either a better LOC, Term, or SBA... Either way it's going to take some talking to figure it out. Give Richard a call or reach out to me even. I see these all week and it's an overwhelming to just talk the merchants down from their worry and letting them know there are wayyyy more options out there. As long as your not set in stone to make a quick buck and throw out the file- you can have this deal in your pipeline for years if you do it right