Results 1 to 8 of 8
-
11-28-2017, 04:46 PM #1
- Join Date
- Jan 2014
- Posts
- 1,374
2nd position lenders go out 12 months?
besides IOU? merchant needs 100k, retailer perfect credit, does about 300k a month great bank statements he just got funded 1st position 100k @1.22 need a competitive 2nd
Last edited by Sachip24; 11-28-2017 at 04:52 PM.
-
11-28-2017, 05:03 PM #2
- Join Date
- May 2015
- Posts
- 18
quarterspot?
-
11-28-2017, 06:07 PM #3
- Join Date
- Jan 2014
- Posts
- 1,374
tried them it no go were not competitive enough
-
11-28-2017, 06:10 PM #4
- Join Date
- Aug 2017
- Location
- New York City
- Posts
- 199
Whats the merchant looking for as far as rates go? Under a 1.30 is difficult lol
-
11-28-2017, 08:29 PM #5
- Join Date
- Oct 2016
- Posts
- 4,318
Gonna be hard to beat quarterspot. I suppose you can give SOS or 1st Merchant a shot.
-
11-29-2017, 08:15 PM #6
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
if their first position is a 1.20 you will not get a second that cheap, maybe 1.26 paying 1.5-2 points if he lets you get it on the setup...
Hope you can find a place for this one. Also If Quarterspot is a nogo, talk to a different rep who wont make that much to make it close..
-
11-29-2017, 10:17 PM #7
- Join Date
- May 2017
- Posts
- 350
-
11-29-2017, 11:16 PM #8
- Join Date
- Dec 2016
- Location
- Brooklyn N.Y.
- Posts
- 428
There are institutions now that lend money to cash advance companies, for 18% annually. Imagine seeing a cash advance company getting a 1.15 from Quarterspot or IOU and flipping it out for 4 month deals at 1.49... basically stacking Quarterspot with their own money!..
High risk paper
Similar Threads
-
Who would go out 18 Months on a 2nd Position?
By RDav in forum Merchant Cash AdvanceReplies: 8Last Post: 12-28-2016, 04:14 PM -
Does anyone go out 9 months on a third position?
By mikem in forum Deal BinReplies: 8Last Post: 11-29-2016, 02:26 PM -
2nd position 8 months TIB
By christian04 in forum Deal BinReplies: 4Last Post: 10-05-2016, 06:23 PM -
Different Lenders = Different Offers -- MCA 12 Months
By wally in forum Merchant Cash AdvanceReplies: 9Last Post: 11-23-2015, 10:19 AM -
2nd Position 10-12 Months
By len@accfunding.com in forum Merchant Cash AdvanceReplies: 9Last Post: 12-18-2014, 02:07 AM