Black listed for renegotiating daily payments to monthly payments (paid in full)
Need a Funder or Vendor? START HERE

Results 1 to 11 of 11
  1. #1

    Black listed for renegotiating daily payments to monthly payments (paid in full)

    In business since 2008.

    Credit score 700.​

    Deposits:

    Oct: $82,069
    Sept​: $79,304
    Aug: $116,889
    Jul: $82,278
    June: $250,836
    May: $126,045

    He is owed $1​20,000 in fees from his larger customers due to a delay of Medicaid processing of about $1.2 million of medical claims. He can't invoice the customers and get his fees of $1​2​0,000 until Medicaid cleans up its mess in claim processing.

    ​Has 2 existing loans:

    ​Aquila $9,440
    FundBox $1​8,000.

    ​They can stay, or be paid off.

    He is looking for $120,000 for on boarding new customers, licensing and programming. I have a complete file including the zero balance letters.

    He also has $780,000 in assets consisting of computers, rack equipment, software licenses and office equipment. He is open to pledging these assets.

    Please email me if you can fund this deal. Thank you.

    Michael Sla*****er
    msla*****er@sla*****er.com

  2. #2
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Good Morning Michael..

    Sounds as if what you are asking for is 'do-able'- however dealing with Medicaid is usually challenging the early part of the year- when they hold back funds- not in December.

    Please contact me to discuss..

    Richard 516 510 3855

    rg@businesscapitalconsultants.com

  3. #3
    Senior Member Reputation points: 218103
    Join Date
    Feb 2017
    Posts
    3,347

    Michael, please know that there are things to do, but you have really got to open up your mind to the option of co-brokering, rather than leaving money on the table. Richard is a consultant who has a lot of alternative ideas you should consider. So do I, but you want your full 12 points that doesn't exist.

  4. #4
    i can help you PM me.

  5. #5
    Senior Member Reputation points: 11170
    Join Date
    May 2017
    Posts
    350

    Quote Originally Posted by Michael Sla*****er View Post
    In business since 2008.

    Credit score 700.​

    Deposits:

    Oct: $82,069
    Sept​: $79,304
    Aug: $116,889
    Jul: $82,278
    June: $250,836
    May: $126,045

    He is owed $1​20,000 in fees from his larger customers due to a delay of Medicaid processing of about $1.2 million of medical claims. He can't invoice the customers and get his fees of $1​2​0,000 until Medicaid cleans up its mess in claim processing.

    ​Has 2 existing loans:

    ​Aquila $9,440
    FundBox $1​8,000.

    ​They can stay, or be paid off.

    He is looking for $120,000 for on boarding new customers, licensing and programming. I have a complete file including the zero balance letters.

    He also has $780,000 in assets consisting of computers, rack equipment, software licenses and office equipment. He is open to pledging these assets.

    Please email me if you can fund this deal. Thank you.

    Michael Sla*****er
    msla*****er@sla*****er.com
    he defaulted on can.

    this is the vedamed guy he shops 24.7

    stay away, he is a weird guy

  6. #6
    Senior Member Reputation points: 11170
    Join Date
    May 2017
    Posts
    350

    his collateral is useless - trust me

  7. #7
    Member Reputation points: 1348
    Join Date
    Mar 2016
    Location
    Franklin Square, NY
    Posts
    17

    If this is Vedamed - don't waste your time. He also has a 23K judgement from Funding Metrics. That file has come into our submissions box 14 times in under a year all from different ISOs.
    Director of Underwriting
    The LCF Group (Last Chance Funding)
    info@thelcfgroup.com

  8. #8
    I have a client that received funding for $1.3 million. Funder can lend up to $5.0 mill. Not an MCA lender.

    Call me at 765.517.0975.

    Lorraine

  9. #9
    Senior Member Reputation points: 11170
    Join Date
    May 2017
    Posts
    350

    Quote Originally Posted by Kristenmferrara View Post
    If this is Vedamed - don't waste your time. He also has a 23K judgement from Funding Metrics. That file has come into our submissions box 14 times in under a year all from different ISOs.
    He also burned can.

  10. #10
    Karen37a
    Guest
    If that is the guy I talked with...he is looking for 500k in an equity investment for 10%( delusional ) and he switched his bank accounts on people and i saw it ...and processing with hld now

  11. #11
    haha i knew this was vedamed from the first post, guy is absolutely delusional and a pain in the a** to talk to

Similar Threads

  1. Replies: 6
    Last Post: 02-10-2017, 09:24 PM
  2. Replies: 6
    Last Post: 05-11-2016, 10:35 AM
  3. Monthly Payments
    By Jason Golder in forum Merchant Cash Advance
    Replies: 3
    Last Post: 05-05-2016, 10:19 AM
  4. MCA Consoldation??? Client paying 1600 daily ACH payments
    By prosperity in forum Merchant Cash Advance
    Replies: 4
    Last Post: 11-06-2015, 01:24 PM
  5. MCA Consoldation??? Client paying 1600 daily ACH payments
    By prosperity in forum Financial Services
    Replies: 4
    Last Post: 11-06-2015, 09:34 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe


DIRECTORY