[CashAdvanceKing]

My client owns a very established business. He is seeking capital to jumpstart the new year. the business currently has a 1st position amounting to 50k. In addition, my client recently obtained a 2nd position (weekly payment) loan, with a payback amounting to 175k.

Please let me know if you can do a legit deal, we are not interested in extremely short terms and outrageous fees.

Thank you!

[Yankeeman07]

This forum is not a bank - so you are seeking a 3rd position - what factor rate do you consider not outrageous?

This business grosses 500K per month or shows a gross/net profit of 500K? What type of business?

Just a few quick questions that any funder would ask.

[abfunders]

What Dave said, plus...

What's the credit?
What's the industry?
What's the TYPE of current debt? You say "position" as if it's assumed it's an MCA.
Is there any collateral? A/R, Inventory, equipment.... something to leverage?

[MidnightAdvance]

We'll take a look for something reasonable

[RichardGerard]

What Dave said, plus...

What's the credit?
What's the industry?
What's the TYPE of current debt? You say "position" as if it's assumed it's an MCA.
Is there any collateral? A/R, Inventory, equipment.... something to leverage?

CashAdvanceKing,

Is your client profitable?

What kind of Gross Profit Margin are they working with? Everyone on this blog has seen Wholesalers or even Gas Stations that have high revenues- but very low margins.

There are folks here that do not wish to take away your client- but rather help you close them now, and in the future. Once a client realizes that you aren't only interested in the immediate 10-12 points, they come back to you again, and again.

Feel free to touch base...

rg@businesscapitalconsultants.com

[Yankeeman07]

Anyone receive a reply from "CashAdvanceKing"

[Richarddunn]

PLEASE GIVE ME A CALL !

MY NAME IS RICHARD DUNN

Cell- 718-787-8860

I SPECIALIZE IN 3rd AND 4th POSITIONS !

[CashAdvanceKing]

Business grosses 500k. I think anything above 1.45 is outrageous. Furthermore, my client does not like origination fees. If there is one, it has to compare to the deals hes done in the past. About 2.5 percent.

[CashAdvanceKing]

I am looking for a very strong 3rd position lender.

[mikem]

Business grosses 500k. I think anything above 1.45 is outrageous. Furthermore, my client does not like origination fees. If there is one, it has to compare to the deals hes done in the past. About 2.5 percent.

Thats funny, my clients LOVE origanation fees.

[ryan $]

Has your client ever had a 3rd Position?

My Clients think a lot of things. You need to tell them what it is.

[Yankeeman07]

Business grosses 500k. I think anything above 1.45 is outrageous. Furthermore, my client does not like origination fees. If there is one, it has to compare to the deals hes done in the past. About 2.5 percent.

So have you found the perfect 3rd position. You want a lender to be the 3rd wheel - unsecured funds and you think a factor of 1.45 is high -

Let's see if I have this correct - I'm an underwriter and I'm going to propose to my boss this is a good deal.

1st. 50K
2nd - 175K Recently was funded

3rd - Me @ 125K at less than 1.45 Factor

And you want to stack another MCA on this merchant - Ouch

No wonder these merchants are going out of business.

[ryan $]

why did he stack? why not just buy out the 1st with th elast advance?

[Yankeeman07]

My client owns a very established business. He is seeking capital to jumpstart the new year. the business currently has a 1st position amounting to 50k. In addition, my client recently obtained a 2nd position (weekly payment) loan, with a payback amounting to 175k.

Please let me know if you can do a legit deal, we are not interested in extremely short terms and outrageous fees.

Thank you!

Appreciate the phone call -

Keep us in mind for SBA & Credit Card Splits.
&
Lines of Credit for clients with 700+ 2 + TIB and at least 300K in yearly revenue.

[Richarddunn]

That can get done for you with no problems.
My goal is to put variety on the table for you with a great pay out
Please give me a call,

Richard dunn 718-787-8860