Consolidation Deal
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  1. #1

    Consolidation Deal

    Hi,

    The merchant owns a restaurant located in Illinois and has 3 advances. He is looking to consolidate the 3 advances in order to lower his payments.

    Credit score: 720.

    Average monthly revenue: $36K.

    The average number of deposits per month: 55.

    Time in business: Since 2015.

    Ownership: 100%.

    Existing balances:

    1. $10K - $243 daily.
    2. $5K - $179 daily.
    3. $6K - $130 daily.

    Breakout offered a $20K consolidation term loan with a weekly payment of $639 for 9 months at a 1.24-factor rate. The problem is they only consolidate up to 2 positions. I am seeking a lender who would consolidate all 3 positions for about the same dollar amount. Thank you.

    Michael Sla*****er
    msla*****er@sla*****er.com

  2. #2
    Banned Reputation points: 15
    Join Date
    May 2018
    Posts
    36

    I'd try Arcarius

    Ian G. Nadjari
    Managing Director
    Secure #: (516) 587-0924
    Email: Ian@RiverstrongCapital.com

    Riverstrong Capital, Inc.
    95 Wall Street
    New York, NY 10005

  3. #3
    Senior Member Reputation points: 1307
    Join Date
    Oct 2015
    Location
    NYC
    Posts
    119

    Michael are you currently signed up with us? Feel free to reach out.


    Kermit Tolbert
    Business Developer
    Arcarius
    Direct-(201) 484-8548
    kermit@arcariusfunding.com

  4. #4
    Quote Originally Posted by Michael Sla*****er View Post
    Hi,

    The merchant owns a restaurant located in Illinois and has 3 advances. He is looking to consolidate the 3 advances in order to lower his payments.

    Credit score: 720.

    Average monthly revenue: $36K.

    The average number of deposits per month: 55.

    Time in business: Since 2015.

    Ownership: 100%.

    Existing balances:

    1. $10K - $243 daily.
    2. $5K - $179 daily.
    3. $6K - $130 daily.

    Breakout offered a $20K consolidation term loan with a weekly payment of $639 for 9 months at a 1.24-factor rate. The problem is they only consolidate up to 2 positions. I am seeking a lender who would consolidate all 3 positions for about the same dollar amount. Thank you.

    Michael Sla*****er
    msla*****er@sla*****er.com
    LoanMe can consolidate multiple positions. We offer longer terms 24-180 months, with low minimum monthly payments. Borrowers do not need to net anything. We can simply pay-off their existing balances. All offers based on affordability of their LoanMe monthly payments.
    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

  5. #5
    Funded! Thank you Matt and Brian from Evergreen Funding Solutions.

  6. #6
    Senior Member Reputation points: 227882
    Join Date
    Feb 2017
    Posts
    3,429

    Was it a reverse?

  7. #7
    True consolidation- 3 positions
    BRIAN SPAGAT
    Funding Specialist
    646-793-3288 (p)
    646-793-3273 (f)
    brian@evergreenfunders.com
    evergreenfunders.com

  8. #8
    Thanks Michael. Pleasure doing business!

    To everyone on DF. Look in your trash and send us your dead files. We'll monetize about 20% of what you have.
    BRIAN SPAGAT
    Funding Specialist
    646-793-3288 (p)
    646-793-3273 (f)
    brian@evergreenfunders.com
    evergreenfunders.com

  9. #9
    Do you net additional capital with your consolidations at funding?

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