[HDF]

How many balances will Lendvo pay off?

I think in Lendvo's case on a straight consolidation, they are more concerned that the balances are a maximum of 80% off the gross. Really an A-paper play, but a good one if qualified.

[CraaaCraaa Radio]

I think in Lendvo's case on a straight consolidation, they are more concerned that the balances are a maximum of 80% off the gross. Really an A-paper play, but a good one if qualified.

Makes sense HDF. Reason I am asking how many positions will Lendvo payoff on consolidation is because I already know the answer!!! I just want to see if the member will post it and reply. In the end when a merchant is over leveraged with positions 3 4 5, first thing is find out what the balances are on each position and find out what the original advance amount was? Once you have that info send the file to

Premier Capital Funding
Fundkite
Par Funding

[Lendvo]

Makes sense HDF. Reason I am asking how many positions will Lendvo payoff on consolidation is because I already know the answer!!! I just want to see if the member will post it and reply. In the end when a merchant is over leveraged with positions 3 4 5, first thing is find out what the balances are on each position and find out what the original advance amount was? Once you have that info send the file to

Premier Capital Funding
Fundkite
Par Funding

We have no limit on number of positions, maybe someone whose worked with us can verify their experience? We've paid off as many as 7 I believe. We care that the total balances due are no more than 80% of the ave monthly deposits rather than number of positions.

It is true most of the apps for consolidations we see we decline. However, our point is that try to work with a full consolidation, no-net, longer term lender FIRST. Seems the vast majority of reps go straight to the perverse consolidation before trying for a full no-net consolidation.

[CraaaCraaa Radio]

We have no limit on number of positions, maybe someone whose worked with us can verify their experience? We've paid off as many as 7 I believe. We care that the total balances due are no more than 80% of the ave monthly deposits rather than number of positions.

It is true most of the apps for consolidations we see we decline. However, our point is that try to work with a full consolidation, no-net, longer term lender FIRST. Seems the vast majority of reps go straight to the perverse consolidation before trying for a full no-net consolidation.

What is the commission % for the ISO on the submitted deal for consolidation?

7 positions Lendvo has paid off on a consolidation before?

[Sachip24]

We have no limit on number of positions, maybe someone whose worked with us can verify their experience? We've paid off as many as 7 I believe. We care that the total balances due are no more than 80% of the ave monthly deposits rather than number of positions.

It is true most of the apps for consolidations we see we decline. However, our point is that try to work with a full consolidation, no-net, longer term lender FIRST. Seems the vast majority of reps go straight to the perverse consolidation before trying for a full no-net consolidation.

if merchant got funded within last 30 days but still meets that 80% criteria will it fly or get declined?

[Sachip24]

We have no limit on number of positions, maybe someone whose worked with us can verify their experience? We've paid off as many as 7 I believe. We care that the total balances due are no more than 80% of the ave monthly deposits rather than number of positions.

It is true most of the apps for consolidations we see we decline. However, our point is that try to work with a full consolidation, no-net, longer term lender FIRST. Seems the vast majority of reps go straight to the perverse consolidation before trying for a full no-net consolidation.

what is your max loan amount? website if its right one im looking at states up to $100,000 only? is that correct?

[CraaaCraaa Radio]

what is your max loan amount? website if its right one im looking at states up to $100,000 only? is that correct?

100k that's it? No, please Lendvo confirm. I did a deal with Premier Capital Funding on a reverse for 255k with 5 positions.

I also did one with Par Funding on a reverse as well for 200k with 4 positions.

Both Funders paid me more than 5 points.

Both Funders also had the merchant net some capital. Not alot but both merchants was happy to net something.

[ABC2016]

100k that's it? No, please Lendvo confirm. I did a deal with Premier Capital Funding on a reverse for 255k with 5 positions.

I also did one with Par Funding on a reverse as well for 200k with 4 positions.

Both Funders paid me more than 5 points.

Both Funders also had the merchant net some capital. Not alot but both merchants was happy to net something.

Do you or anyone else mind providing contact info for par or premier capital?

[CraaaCraaa Radio]

Do you or anyone else mind providing contact info for par or premier capital?

On my signature click on the blue link and you'll find a gateway of Funders. It's called the Funders Directory. Look for Premier Capital Funding, and you will find all contact info.

[Lendvo]

what is your max loan amount? website if its right one im looking at states up to $100,000 only? is that correct?

Please note that we do have some outdated content on the website in places, we can now go up to $1mm on high quality regular deals (does not apply to consolidation program). We currently do not have a formal cap for the zero-net consolidation program but yes once we get above $100k we want to see overall higher 'cleanliness' in the file, higher credit, more revenue, older biz etc etc.

I'm going to post our 'smell test' for the zero-net consolidation program below to avoid confusion. Again this program is not easy to qualify for but if your merchant does check the boxes it is much much better than a perverse consolidation. You can get up to 13.20% and it can cut your merchant's payments significantly more than a perverse consolidation goes since we can go 8-11mo in this structure. If you've got a merchant that hits at least 5 of these you should at least check to try and get the full consolidation first.

a. In business at least 3 years

b. Owner FICO 599+

c. No more than 80% combined balances to monthly gross sales/net deposits

d. Debt burden test: On paper refi’ing the current balance at a 10mo 1.35 reduces the current daily payments by at least 50%

e. Max 4 negative days in last 60 days of bank

f. Has not taken a new advance within last 30 business days, i.e. 1.5 months.

[CraaaCraaa Radio]

Please note that we do have some outdated content on the website in places, we can now go up to $1mm on high quality regular deals (does not apply to consolidation program). We currently do not have a formal cap for the zero-net consolidation program but yes once we get above $100k we want to see overall higher 'cleanliness' in the file, higher credit, more revenue, older biz etc etc.

I'm going to post our 'smell test' for the zero-net consolidation program below to avoid confusion. Again this program is not easy to qualify for but if your merchant does check the boxes it is much much better than a perverse consolidation. You can get up to 13.20% and it can cut your merchant's payments significantly more than a perverse consolidation goes since we can go 8-11mo in this structure. If you've got a merchant that hits at least 5 of these you should at least check to try and get the full consolidation first.

a. In business at least 3 years

b. Owner FICO 599+

c. No more than 80% combined balances to monthly gross sales/net deposits

d. Debt burden test: On paper refi’ing the current balance at a 10mo 1.35 reduces the current daily payments by at least 50%

e. Max 4 negative days in last 60 days of bank

f. Has not taken a new advance within last 30 business days, i.e. 1.5 months.

I don't know Lendovo

Paying 7 Funders off how much did merchant net? In this industry doing a full consolidation and paying off all those lenders seems unreal. Tough for me to even think is possible, but I may be wrong... Maybe!!!

I can assume your website is up to date with the correct funding advance max amount you provide, correct?

[Lendvo]

I don't know Lendovo

Paying 7 Funders off how much did merchant net? In this industry doing a full consolidation and paying off all those lenders seems unreal. Tough for me to even think is possible, but I may be wrong... Maybe!!!

I can assume your website is up to date with the correct funding advance max amount you provide, correct?

Merchant netted 0, goose egg, that's why is called a zero-net consolidation. Should be your first stop before a perverse consolidation. Feel free to call us if you want to talk about the program: 571-388-2870.