[bankergirl]

617 Fico, Restaurant wants to payoff 58k existing MCA and net another 50k .. needs 12 month term or better
I'm only getting 2nd position offers

Last three months

Beginning Balance 1,244.43
Deposits 12,894.00
Electronic Deposits 178,371.74
Checks Paid 76,080.79
Electronic Payments 117,805.65
Other Withdrawals 1,435.00
Service Charges 27.00
Ending Balance -2,838.27

Beginning Balance -2,838.27
Deposits 12,593.00
Electronic Deposits 166,841.36
Checks Paid 61,889.78
Electronic Payments 103,330.59
Other Withdrawals 1,295.00
Service Charges 32.10
Ending Balance 10,048.62

Beginning Balance 10,048.62
Deposits 21,469.00
Electronic Deposits 191,775.28
Other Credits 3.00
Checks Paid 58,399.15
Electronic Payments 156,092.37
Other Withdrawals 350.00
Service Charges 3.90
Ending Balance 8,450.48

[Anthony@torro]

Try Snap or strategic if they have good credit card volume. If a 1st fails we can give an aggressive 2nd position offer if it comes down to it. Feel free to reach out if you need any assistance here.

[mikem]

617 Fico, Restaurant wants to payoff 58k existing MCA and net another 50k .. needs 12 month term or better
I'm only getting 2nd position offers

Last three months

Beginning Balance 1,244.43
Deposits 12,894.00
Electronic Deposits 178,371.74
Checks Paid 76,080.79
Electronic Payments 117,805.65
Other Withdrawals 1,435.00
Service Charges 27.00
Ending Balance -2,838.27

Beginning Balance -2,838.27
Deposits 12,593.00
Electronic Deposits 166,841.36
Checks Paid 61,889.78
Electronic Payments 103,330.59
Other Withdrawals 1,295.00
Service Charges 32.10
Ending Balance 10,048.62

Beginning Balance 10,048.62
Deposits 21,469.00
Electronic Deposits 191,775.28
Other Credits 3.00
Checks Paid 58,399.15
Electronic Payments 156,092.37
Other Withdrawals 350.00
Service Charges 3.90
Ending Balance 8,450.48

I"ll do this in a heartbeat. They"ll net 45K or 50K+ with financials.

[johndough17]

Mike, which direct funder are you?

Bankergirl, don't co broker you can slam dunk it yourself. Try sfs/snap/ondeck/BB/Can/Sterling for cc/credibly

I"ll do this in a heartbeat. They"ll net 45K or 50K+ with financials.

[johndough17]

Out of all of those I suggest BB Can Sfs ondeck and credibly (I trust these guys a lot)

[Yankeeman07]

Possible SBA if in business for 3 years.
Call me to discuss.

[mikem]

Mike, which direct funder are you?

Bankergirl, don't co broker you can slam dunk it yourself. Try sfs/snap/ondeck/BB/Can/Sterling for cc/credibly

I'm not and Sterling would NEVER offer 12 months.

[SBF]

Sterling goes about 10 months.. go for 130K as they prefer the merchant nets closer to 60%. SFS is a good one too.. oh and Ed Puerto of Nebula... goes 12 months as long as FiCO is 550 or better.

[solomancapital]

Out of all of those I suggest BB Can Sfs ondeck and credibly (I trust these guys a lot)

I read an article about how OnDeck was getting rid of their ISO/Broker relationships because of defaults, etc. ? Did I mis-read? Or are they still writing business from partners?

[AdvanceFund]

Why not real estate backed?

[nrh1lp]

I read an article about how OnDeck was getting rid of their ISO/Broker relationships because of defaults, etc. ? Did I mis-read? Or are they still writing business from partners?

Definitely not trying to get rid of ISO's, my guy at OnDeck emailed me yesterday asking if I had any deals for him.

[Sachip24]

how are you only getting 2nd position offers on this? Did I miss something? any first tier lender will do this give very strong offer and go out 12 months+.

[ryan $]

Somethings Missing. Adjusted Payments on other MCA's. Something.