Results 1 to 9 of 9
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06-14-2018, 08:21 PM #1
- Join Date
- Apr 2013
- Posts
- 363
Is anyone consolidating 3 positions? Merchant averaging $40K. Bal = $40K
There was formerly Breakout Capital and a couple others that were consolidating multiple positions, but stips have changed a lot.
Please do me the favor of only responding if you are an actual lender or have a legitimate referral. I don't want 25 DM's from people with Gmail accounts saying they haz a guy who haz a guy. You know who you are.
Thank you.
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06-15-2018, 08:59 AM #2
- Join Date
- May 2018
- Posts
- 36
I can certainly help you with that - shoot me an email or dm please.
Ian G. Nadjari
Managing Director
Secure: (516) 587-0924
Email: Ian@RiverstrongCapital.com
Riverstrong Capital, Inc.
95 Wall Street
New York, NY 10005
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06-15-2018, 11:00 AM #3
- Join Date
- Dec 2013
- Posts
- 4,713
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
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06-15-2018, 12:41 PM #4
- Join Date
- Jun 2017
- Posts
- 2,049
InAdvance consolidated 3 positions for me recently. Fundkite will look at it as well if it makes sense.
Lendvo I believe may as well.
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06-17-2018, 08:45 PM #5
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
We are back in the consolidation game in a strong way. No max positions (recently bought out 8 positions), zero net requirement and no minimum fico (640k loan recently to 470 FICO). BUT..... business has to be B2B or G2B (we will fund both prime and sub contractors). We don’t factor but we do need the pretense of an invoice, receivables, purchase order, and other similar situations. Does not matter if factoring is in place.
We will post more details but ask your ISO rep. With the right targeting — we’ve only now released this product to select ISOs as primary source is strategic partnerships.
Rates will be similar to sub prime credit cardCarl Fairbank
Founder & CEO boldMODE
www.boldmode.com
Carl@boldmode.com
Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
www.breakoutfinance.com
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06-18-2018, 06:04 PM #6
- Join Date
- Nov 2014
- Posts
- 438
LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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06-26-2018, 12:21 PM #7
- Join Date
- May 2013
- Posts
- 67
Fund SO Fast
info@fundsofast.com
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06-28-2018, 04:35 PM #8
- Join Date
- May 2017
- Posts
- 43
. Reverse Consolidation
Our reverse consolidation program is a popular option for merchants who don’t want to settle or restructure their debt. On a weekly basis, we wire the merchant the total amount of their combined ACH pulls, while also withdrawing our payment. As the other advances drop off, the amount we wire them automatically lowers to match each week, while our payment stays consistent. This program typically saves merchants around 30% on what they would have paid. To meet with this program’s success, we have extended our terms from 130 days to 160 days, and from 1.32 paying 5 points to 1.40 paying 6 points at 1.34 buy rate. Once all the other positions have been paid off we offer a renewal paying up to 12 points. We also offer a true addon on reverse consolidation; if your merchant needs anything extra we can be flexible to offer more as long as it works for both of us.
Steve KamhiLast edited by stevenk1818; 06-28-2018 at 04:38 PM.
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06-28-2018, 04:36 PM #9
- Join Date
- May 2017
- Posts
- 43
. Reverse Consolidation
Our reverse consolidation program is a popular option for merchants who don稚 want to settle or restructure their debt. On a weekly basis, we wire the merchant the total amount of their combined ACH pulls, while also withdrawing our payment. As the other advances drop off, the amount we wire them automatically lowers to match each week, while our payment stays consistent. This program typically saves merchants around 30% on what they would have paid. To meet with this program痴 success, we have extended our terms from 130 days to 160 days, and from 1.32 paying 5 points to 1.40 paying 6 points at 1.34 buy rate. Once all the other positions have been paid off we offer a renewal paying up to 12 points. We also offer a true addon on reverse consolidation; if your merchant needs anything extra we can be flexible to offer more as long as it works for both of us.
Steve Kamhi
Director of ISO Relations
FundKite
Wall Street Plaza
Steve Kamhi
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