4th pos or Pay off 2nd/3rd
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  1. #1
    Senior Member Reputation points: 38639 patrickw's Avatar
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    4th pos or Pay off 2nd/3rd

    Hi Guys,

    I have a merchant looking for 50K-60K. He has 3 open advance (51K ($775/day), (24K $473/day), (56K $652/day) and balances around 135K. He makes around 130K/month FICO 640. It's a Health Care. Bascially he needs money for pay off 2 or 1 open advance and rest of the money for operating capital.

    Tried YSC/Fundworks. Anyone?

    Also, if anyone does Non-profit.
    Last edited by patrickw; 05-11-2018 at 11:28 AM.
    Patrick Wilson
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    www.PremierCapitalNetwork.com

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  2. #2
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    CFG Should be able to price this as a 4th as long as they arent over leveraged. Let me know if you want to try us.

    Thank you,

    Lior Monus
    CFG Merchant Solutions
    Direct: 516-319-5826
    Lmonus@cfgms.com

  3. #3
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    mantis all day (and night LOL as we keep latest hours in MCA)....
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  4. #4
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    National for non-profit.

    For healthcare lender.. PW Funding dba Aquina Health.. out of GA.. I have been meaning to get set-up with them.. they specialize in healthcare fields.. weekly payments at 1.15.. I don't know if they take Brokers.. but you can see about charging a Success Fee if this works out.
    Last edited by SBF; 05-11-2018 at 04:08 PM.
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

  5. #5
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    Fundkite IMO is very good at scenarios like this, InAdvance as well.... the balances seem excessive here though, but worth a shot

    And Im not sure about NPO's with either one, i think InAdvance takes them on a case by case

  6. #6
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    InAdvance and Fundkite are great at buying out multiple positions, leaving some positions alone and making great offers. I cant say enough good things about these 2 companies. Both are flexible, competitive and think outside the box.

    For an example, fundkite initially made me a 30k offer.... we received a higher offer from a competitor, fundkite immediately raised their offer and extended term AND lowered the buy rate to win the deal.... All while keeping commission the same.

    Additionally InAdvance, we had a deal with 5 positions, InAdvance made an offer and asked for zero balance letters, we furnished payoff letters (i thought for sure the deal would die) InAdvance paid off 4 balances, took the 2nd position and netted the merchant more funds than any other stack offer we had.

    Both companies are extremely aggressive and great at buying out/consolidating multiple positions

  7. #7
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    Quote Originally Posted by Lmonus View Post
    CFG Should be able to price this as a 4th as long as they arent over leveraged. Let me know if you want to try us.

    Thank you,

    Lior Monus
    CFG Merchant Solutions
    Direct: 516-319-5826
    Lmonus@cfgms.com
    Didnt know CFG did NPO's....good to know

  8. #8
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Quote Originally Posted by ryan $ View Post
    InAdvance and Fundkite are great at buying out multiple positions, leaving some positions alone and making great offers. I cant say enough good things about these 2 companies. Both are flexible, competitive and think outside the box.

    For an example, fundkite initially made me a 30k offer.... we received a higher offer from a competitor, fundkite immediately raised their offer and extended term AND lowered the buy rate to win the deal.... All while keeping commission the same.

    Additionally InAdvance, we had a deal with 5 positions, InAdvance made an offer and asked for zero balance letters, we furnished payoff letters (i thought for sure the deal would die) InAdvance paid off 4 balances, took the 2nd position and netted the merchant more funds than any other stack offer we had.

    Both companies are extremely aggressive and great at buying out/consolidating multiple positions
    sh** I forgot about'em. Btw I got a 15K approval from Everest
    Patrick Wilson
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  9. #9
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Quote Originally Posted by ryan $ View Post
    InAdvance and Fundkite are great at buying out multiple positions, leaving some positions alone and making great offers. I cant say enough good things about these 2 companies. Both are flexible, competitive and think outside the box.

    For an example, fundkite initially made me a 30k offer.... we received a higher offer from a competitor, fundkite immediately raised their offer and extended term AND lowered the buy rate to win the deal.... All while keeping commission the same.

    Additionally InAdvance, we had a deal with 5 positions, InAdvance made an offer and asked for zero balance letters, we furnished payoff letters (i thought for sure the deal would die) InAdvance paid off 4 balances, took the 2nd position and netted the merchant more funds than any other stack offer we had.

    Both companies are extremely aggressive and great at buying out/consolidating multiple positions
    Any rep you would suggest?
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)

  10. #10
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Quote Originally Posted by mcaguru View Post
    mantis all day (and night LOL as we keep latest hours in MCA)....
    Not interested in your 2k 1.49 offer.
    Patrick Wilson
    Managing Partner
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  11. #11
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    send it over to me at ace I will fund 4ths!!!
    Ben Klein
    347-986-9820
    ben@acefundingllc.com

  12. #12
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    only stips needed to fund are DLVC
    Ben Klein
    347-986-9820
    ben@acefundingllc.com

  13. #13
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Funded him 15K with Everest. Should have gone with consolidation
    Last edited by patrickw; 05-14-2018 at 04:14 PM.
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)



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