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  1. #1

    consolidations

    Whats bank are willing to consolidate multiple advances into one program.

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    Quote Originally Posted by kbeck1818 View Post
    Whats bank are willing to consolidate multiple advances into one program.
    Any funder considering a consolidation would require more info.

    How many and amounts of existing advances?

    BTW, it is posted as a rule of this forum you disclose whom you are.
    Dave Lambert, Business Development
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    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
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    Office: 727-233-1111
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    Quote Originally Posted by Yankeeman07 View Post
    Any funder considering a consolidation would require more info.

    How many and amounts of existing advances?

    BTW, it is posted as a rule of this forum you disclose whom you are.
    You have to disclose when offering a service - HE IS FINE

  4. #4
    I just wanted some direction my man on who does offer it so then i can speak with them.

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    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by kbeck1818 View Post
    I just wanted some direction my man on who does offer it so then i can speak with them.
    can't answer the question because it depends on the total $ amount owed and over how many positions. Most banks now will consolidate 2 depending on the $ amount owed and what the merchant will net. Some will consolidate more, but you also then have reverse consolidations which are a completely different product. Based on the info you gave the answer is most banks, with more info can give you a better answer
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

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    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by kbeck1818 View Post
    Whats bank are willing to consolidate multiple advances into one program.
    Fundkite. We offer full, partial AND reverse programs.


    https://fundkite.com/iso5


    Mark Fuchs
    ISO Relations, Fundkite
    t: 929-999-6400 | c: 862-571-3891
    mark.f@fundkite.com | 212-952-0001, ext 1018

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    Quote Originally Posted by ryan $ View Post
    You have to disclose when offering a service - HE IS FINE
    Read the post on the front of the forum

    "Going forward all solicitors (whether selling a product/service or asking for deals) must disclose their physical address, phone number and company name. This can be visible in the post itself or on an accompanying website. If it's not on one or both, the post may be deleted and the user banned. Free e-mail addresses are highly discouraged"
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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    Quote Originally Posted by kbeck1818 View Post
    I just wanted some direction my man on who does offer it so then i can speak with them.
    Going forward all solicitors (whether selling a product/service or asking for deals) must disclose their physical address, phone number and company name. This can be visible in the post itself or on an accompanying website. If it's not on one or both, the post may be deleted and the user banned. Free e-mail addresses are highly discouraged
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by Yankeeman07 View Post
    Going forward all solicitors (whether selling a product/service or asking for deals) must disclose their physical address, phone number and company name. This can be visible in the post itself or on an accompanying website. If it's not on one or both, the post may be deleted and the user banned. Free e-mail addresses are highly discouraged
    To be clear, the OP was not selling a product/service OR asking for deals. Therefor, the OP was NOT soliciting, and did not need to provide and identification.

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    Soliciting

    Quote Originally Posted by Funder Mark View Post
    To be clear, the OP was not selling a product/service OR asking for deals. Therefor, the OP was NOT soliciting, and did not need to provide and identification.
    Apparently you failed English 101 - he was soliciting information

    But, beyond all that why all the secrecy from posters?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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    Quote Originally Posted by Yankeeman07 View Post
    Apparently you failed English 101 - he was soliciting information

    But, beyond all that why all the secrecy from posters?
    A: You are nit-picking

    B: For MOST users on this site, asking for information IS NOT considered colicitation

    c: Who asked you to be the solicitation police?

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    Senior Member Reputation points: 118209 ridextreme's Avatar
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    Quote Originally Posted by Yankeeman07 View Post
    Apparently you failed English 101 - he was soliciting information

    But, beyond all that why all the secrecy from posters?
    It's ok to solicit information anonymously my man.

    If he was soliciting his business (asking for deals, or selling leads, etc.), then he is required to disclose who he is.

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    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    I am a big fan of full disclosure on this site but now we may have crossed into crazy town.. He asked a question, let him live
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

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    Quote Originally Posted by Yankeeman07 View Post
    Apparently you failed English 101 - he was soliciting information

    But, beyond all that why all the secrecy from posters?
    First off, Dave, get a ****ing life.

    Secondly, he doesn’t meet the definition of soliciting business. That is what the forum rule is about — soliciting business. And the whole reason behind posting name/Business info is to prevent scams. The forum rule is NOT about soliciting information. We all solicit information when we ask about lenders, funders, etc.

    Thirdly, don’t you have some products/bundles to resell?

    Fourthly, how many kids did you snitch on in school?

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    Yankeeman, What is your deal? If your going to be a Jerk, at least be correct.

    selling a product/service or asking for deals

    He is doing none of those things.

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    Quote Originally Posted by WestCoastFunding View Post
    First off, Dave, get a ****ing life.

    Secondly, he doesn’t meet the definition of soliciting business. That is what the forum rule is about — soliciting business. And the whole reason behind posting name/Business info is to prevent scams. The forum rule is NOT about soliciting information. We all solicit information when we ask about lenders, funders, etc.

    Thirdly, don’t you have some products/bundles to resell?

    Fourthly, how many kids did you snitch on in school?
    Thank You.

    This Guy is a wreck. Soliciting all his crap programs all day. Jumping down peoples necks, giving false info. SMH.

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    Quote Originally Posted by Yankeeman07 View Post
    Any funder considering a consolidation would require more info.

    How many and amounts of existing advances?

    BTW, it is posted as a rule of this forum you disclose whom you are.
    What are you Daily Funder Police?
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    Quote Originally Posted by kbeck1818 View Post
    Whats bank are willing to consolidate multiple advances into one program.
    It depends on some factors young funder.

    How many positions? Most funders on a consolidation will pay two Funders off. Now that is for the A grade lenders. You may find some that may pay off 3 the most.

    On a reverse consolidation it's a bit different.

    Answer the following for help:

    How many positions and what are the balances?
    Industry Type
    How many years in business?
    Merchant FICO?
    Is this a home base or store front?
    Monthly Deposits, how many?
    Monthly Deposits, in revenue?
    Daily ledger balance?

    Another golden bullet is to have merchant request payment history from each funder they have a balance with.

    Stellar payment history holds a lot of weight!!!
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    OP is allowed to ask a question. When he/she asks you all to send your deals to him/her, then we'll need to know who they are for sure.

    - Sincerely, the Daily Funder Police

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    Quote Originally Posted by admin View Post
    OP is allowed to ask a question. When he/she asks you all to send your deals to him/her, then we'll need to know who they are for sure.

    - Sincerely, the Daily Funder Police
    lol this just made my day

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    Quote Originally Posted by WestCoastFunding View Post
    First off, Dave, get a ****ing life.

    Secondly, he doesn’t meet the definition of soliciting business. That is what the forum rule is about — soliciting business. And the whole reason behind posting name/Business info is to prevent scams. The forum rule is NOT about soliciting information. We all solicit information when we ask about lenders, funders, etc.

    Thirdly, don’t you have some products/bundles to resell?

    Fourthly, how many kids did you snitch on in school?
    You talk real large on the other side of a keyboard
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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    Quote Originally Posted by admin View Post
    OP is allowed to ask a question. When he/she asks you all to send your deals to him/her, then we'll need to know who they are for sure.

    - Sincerely, the Daily Funder Police
    I can dig it. I love this forum!!!
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    Quote Originally Posted by Yankeeman07 View Post
    You talk real large on the other side of a keyboard
    Dave, I think you were destined to be an auxiliary officer.

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    Don't be this guy Dave!
    Attached Images Attached Images
    Last edited by MCNetwork; 02-03-2018 at 08:54 AM.
    Archie Bengzon
    Jumpstart Capital
    archie@jumpstartcapital.biz
    www.jumpstartcapital.biz

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    Quote Originally Posted by kbeck1818 View Post
    Whats bank are willing to consolidate multiple advances into one program.
    We've consolidated up to 6 positions without real estate collateral, reducing the dailies by about 75%.

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