Long term 2nd position
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  1. #1
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    Long term 2nd position

    My merchant does 150k + a month and has principis 18month term in a first. He needs 50-60k in a second but wants 9+ month term to make payment work for him? Have approvals from my usual 2nd position guys, everest and lendini but need longer term.. Any suggestions? Direct lenders...?

  2. #2
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    IOU, Vital cap
    Joseph Boyle
    Skyline Funding
    Joseph@Skyline-Funding.com

  3. #3
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Just gave a 9 month 2nd position offer last week for a solid deal.

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

  4. #4
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    Will pm you my email....

  5. #5
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    vital cap for your long deals !!!
    Irving Winograd
    Unique Funding Solutions
    646-460-3139

  6. #6
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    IOU all day if financials are good they look at everything as a position which sucks but if it gets approved they can go out longer on a second.

  7. #7
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    Libertas gives good 2nd pos offers.. sometimes 10 months, maybe even 12. PM me if you need intro.
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

  8. #8
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    Quote Originally Posted by jjdcnetrex2 View Post
    My merchant does 150k + a month and has principis 18month term in a first. He needs 50-60k in a second but wants 9+ month term to make payment work for him? Have approvals from my usual 2nd position guys, everest and lendini but need longer term.. Any suggestions? Direct lenders...?
    We are going out 10 months on clean 2nds. Mid 1.2 buy rates.

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