Early Payoff - Page 2
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  1. #26
    Quote Originally Posted by patrickw View Post
    LOL. let me tell you how it works, he often needs money for equipment, development and other stuff, so MCA is the quicker process. That's why he wants that option to pay within 30days at 1.12 or so.
    High Top Funding gives early paybacks as low as 9% if merchant pays back in 30 days.

  2. #27
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    Quote Originally Posted by patrickw View Post
    LOL. let me tell you how it works, he often needs money for equipment, development and other stuff, so MCA is the quicker process. That's why he wants that option to pay within 30days at 1.12 or so.
    Figure out how to give him a product that makes sense.
    Within 30 days payment - he just needs a business credit card.
    He's just lazy.
    You can monetize on this client, big time, you just gotta know how.

  3. #28
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Quote Originally Posted by abfunders View Post
    Figure out how to give him a product that makes sense.
    Within 30 days payment - he just needs a business credit card.
    He's just lazy.
    You can monetize on this client, big time, you just gotta know how.
    I will call you today.
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)

  4. #29
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Quote Originally Posted by High Top Funding View Post
    High Top Funding gives early paybacks as low as 9% if merchant pays back in 30 days.
    really? Are you guys even direct lendeR?
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)

  5. #30
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    Quote Originally Posted by High Top Funding View Post
    High Top Funding gives early paybacks as low as 9% if merchant pays back in 30 days.
    Since you’re a broker, you don’t offer early payback discounts, right? It’s the funder(s) you work with. Correct?

  6. #31
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    I sent you a PM

    We want this deal in House.

    Could of had contracts already....

  7. #32
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    Quote Originally Posted by patrickw View Post
    Hi Guys,

    I have a merchant looking for 100K but the catch is, he wants short term like 3-6 months doesn't matter what factor it is. All he wants if he pays the money within 30 days the factor has to be 1.12-1.15 or 60 days 1.18-1.20. anyone?

    I had a 150K offer from YSC, off course they don't offer early discounts. This guy often takes MCA. All of'em are paid off.
    I can introduce you to a lender that does this kind of stuff for me.. I'll PM you.
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

  8. #33
    Quote Originally Posted by patrickw View Post
    Hi Guys,

    I have a merchant looking for 100K but the catch is, he wants short term like 3-6 months doesn't matter what factor it is. All he wants if he pays the money within 30 days the factor has to be 1.12-1.15 or 60 days 1.18-1.20. anyone?

    I had a 150K offer from YSC, off course they don't offer early discounts. This guy often takes MCA. All of'em are paid off.
    we do early payoff incentives, usually 5% off the remaining rtr if PIF within the first 30 days, you should ask your rep about that...

  9. #34
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    [QUOTE=patrickw;94022]Strategic won't do 1.12-1.15[/QUOTE

    They gave me 4pts off buy rate for every 30 days last time I asked for pre-pay discount which would have put me in the 1.12-1.15 range. This about two months ago things may have changed since.

  10. #35
    Senior Member Reputation points: 5110 LJH365's Avatar
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    ..

  11. #36
    Senior Member Reputation points: 5110 LJH365's Avatar
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    Quote Originally Posted by MidnightAdvance View Post
    Who cares what his Fico is, does he have a solid business? Solid payment history? Good revenue? Good AR? Does he pay his bills on time?

    I dunno. Perhaps the LOC lender he might possibly qualify with. God forbid we do right by our clients and explore better options before greasing them up and banging them with an mca.
    Sean Hawley
    CEO
    BLF
    Bright Light Freight
    shawley@brightlightfreight.com.com
    631-210-6327
    SBA, Term Loans, LOC, MCA & Equipment Finance (Transportation & Trucking)

  12. #37
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Quote Originally Posted by ryan $ View Post
    I sent you a PM

    We want this deal in House.

    Could of had contracts already....
    Hey man! will call ya today.
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)

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