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06-26-2014, 02:21 PM #1
SUPERMARKET DOING AROUND $200K per Month needs $100K
He is looking for around $100K or so to pay off some existing debt and install a kitchen in his store.
This Client has a current loan with OnDeck with a roughly $9K Balance
He has 4 or 5 more payments left on an Equipment Purchase that is costing him around $3500 a month
His FICO is around 696
He does experience overdrafts at times due to taking advantage of special deals from Meat Companies that enable him to buy at well below market rates. The Overdrafts are always taken care of very quickly.
He has had, and paid off, multiple loans from OnDeck, however he offered the funding opportunity to one of my Reps are they are friends.
I would like to find a home for thios guy with a loan product that is better than OnDeck's 20% if possible.
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06-26-2014, 02:28 PM #2
- Join Date
- Jun 2014
- Location
- Los Angeles, CA
- Posts
- 9
We can do this. Give me a call or shoot me an email so I can explain the payback method.
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06-26-2014, 04:51 PM #3
- Join Date
- Feb 2014
- Posts
- 54
If they are showing a profit, we may be able to look at a monthly payment term loan with rates in the low to mid-teens. Give me a call to discuss 240-345-3312 or sam@financestore.com.
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06-27-2014, 02:28 AM #4
SUPERMARKET DOING AROUND $200K per Month needs $100K
Sam, Thanks for the offer but I am looking for a Direct Funder...not a Broker.
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06-27-2014, 07:24 AM #5
- Join Date
- May 2014
- Posts
- 317
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06-27-2014, 05:25 PM #6
- Join Date
- Jun 2014
- Posts
- 541
Depending on the # of NSF's, it sounds like the majority of deals we funded this week. Send me a pm/email w/ the details-
Robert S Bloink
EVP of ISO Partnerships
Direct: 313-218-4663
Email: bb@cooperasset.com
Web: www.cooperasset.com
logo-01smaller.jpg
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06-27-2014, 07:06 PM #7
SUPERMARKET DOING AROUND $200K per Month needs $100K
Based on what I've read here, it sounds as though we could fund him with our tier 1 program. Around a 1.12 3-8 months. Give me a call 855-565-4769 ext 32 -Vinny
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06-28-2014, 10:53 AM #8
- Join Date
- Mar 2014
- Posts
- 147
SUPERMARKET DOING AROUND $200K per Month needs $100K
Any lender that is offering a 12 month 1.15 or even a 12 month 1.20 cash advance product please get in touch with me immediately. Eddie.deangelis@vmccapital.com.
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06-28-2014, 10:54 AM #9
- Join Date
- Mar 2014
- Posts
- 147
SUPERMARKET DOING AROUND $200K per Month needs $100K
I haven't seen those rates or even close to those in our industry. Not even On Deck, CAN come close
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08-11-2014, 07:03 PM #10
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
we might be able to do 6%
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08-11-2014, 07:43 PM #11
a paper
I'm interested in these prime lenders for two big A paper loans
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01-28-2015, 08:45 PM #12
- Join Date
- Jan 2015
- Posts
- 2
This i can get done asap, contact me at shawn@unitedcashandcapital.com, or 860 348 6371, asap.
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