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06-20-2018, 10:47 AM #1
- Join Date
- Dec 2017
- Posts
- 277
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
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