[J.Celifarco]

Hi I have a merchant having 5 open advances paying 3,632 per day. Credit around 650 monthly deposit around 200k. Business nature is wholesale distribution.

So this merchant wants 150-200k for 24-36 months. Need your suggestions what can I do here?


Also I often receive deals having 3-5 open advances, what's the best thing I can do with those? Any Lender?

best you can do with these deal are reverse consolidations. Max term going to be 9 maybe 10 months. With that many open positions unless they qualify for some type of asset based loan there really isn't any other options.

[patrickw]

best you can do with these deal are reverse consolidations. Max term going to be 9 maybe 10 months. With that many open positions unless they qualify for some type of asset based loan there really isn't any other options.

reverse consolidations. - any lender you suggest?

[ryan $]

best you can do with these deal are reverse consolidations. Max term going to be 9 maybe 10 months. With that many open positions unless they qualify for some type of asset based loan there really isn't any other options.

Who is Doing 10 Month Reverses besides Par?

[J.Celifarco]

Who is Doing 10 Month Reverses besides Par?

FundRite will go out to 200 days not sure who else

[ryan $]

FundRite will go out to 200 days not sure who else

What do they pay ?

[J.Celifarco]

What do they pay ?

depends on the term and the program. Also not putting commissions out on an open forum. Depending on the relationship people have with different banks commission structures can be different. You can piss a lot of people off if you start saying what different banks pay you

[ryan $]

depends on the term and the program. Also not putting commissions out on an open forum. Depending on the relationship people have with different banks commission structures can be different. You can piss a lot of people off if you start saying what different banks pay you

I guess.

Can you at least tell me if they pay upfront, or do they pay as they fund account weekly like some reverse companies

[J.Celifarco]

I guess.

Can you at least tell me if they pay upfront, or do they pay as they fund account weekly like some reverse companies

upfront