SUPERMARKET DOING AROUND $200K per Month needs $100K

**ERS** · 06-26-2014, 02:21 PM

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.

**Bryan** · 06-26-2014, 02:28 PM

We can do this. Give me a call or shoot me an email so I can explain the payback method.

**BizFiStore** · 06-26-2014, 04:51 PM

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.

**ERS** · 06-27-2014, 02:28 AM

Sam, Thanks for the offer but I am looking for a Direct Funder...not a Broker.

**Jared_Weitz** · 06-27-2014, 07:24 AM

Originally Posted by ERS

Sam, Thanks for the offer but I am looking for a Direct Funder...not a Broker.

If you want to beat their rates I know of 2 shops who offer a true 12 month 1.15 for qualified merchants, I can connect you to them. Don't need anything for the connection either, just looking to help. PM me if you want some info on it

**BB_Cooper** · 06-27-2014, 05:25 PM

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

**businessgrowthcapital** · 06-27-2014, 07:06 PM

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

**Eddie.deangelis** · 06-28-2014, 10:53 AM

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.

**Eddie.deangelis** · 06-28-2014, 10:54 AM

I haven't seen those rates or even close to those in our industry. Not even On Deck, CAN come close

**bdshaw** · 08-11-2014, 07:03 PM

we might be able to do 6%

**franko75** · 08-11-2014, 07:43 PM

I'm interested in these prime lenders for two big A paper loans

**lion** · 01-28-2015, 08:45 PM

This i can get done asap, contact me at shawn@unitedcashandcapital.com, or 860 348 6371, asap.

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