[Michael Slabitcher]

Business Type: Convenience Store.

Location: Tennessee.

Time in business: 11 years.

Merchant’s credit score: 683.

Average monthly deposits for last 3 months: $83,000

Average daily balance for last 3 months: $2,900

3 overdrafts in last 3 months.

3 negative days in last 3 months.

Has 2 MCA positions:

1. Remaining balance is $40,000 and pays $172 per day with 12 months remaining.

2. Remaining balance is $35,000 and pays $324 per day with 5.5 months remaining.

Total daily payment: $496.


The merchant is looking to lower his payments. He doesn't want to involve tax returns because he doesn't report much. I am aware a consolidation is difficult because of the time remaining on the 1st position. A buy out of the 2nd position would work if the merchant can lower his daily by at least 50%. Your input is greatly appreciated. Thank you in advance.

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

[mcaguru]

cresthilll wold probably make your merchant and you sing ! (but its a case by case) ...

[NoBigDeal]

cresthilll wold probably make your merchant and you sing ! (but its a case by case) ...

What exactly is the case-by-case? That you'd consolidate/buy out? That you'd make an ISO/merchant sing? Or that you'd "probably" do something on a case-by case basis?

[WestCoastFunding]

What exactly is the case-by-case? That you'd consolidate/buy out? That you'd make an ISO/merchant sing? Or that you'd "probably" do something on a case-by case basis?

What’s he’s really saying is Cresthill has some funders they can send your deal to, to get consolidated (on a case by case basis).

[Mark24cap]

We can do this deal - please submit to mj@24capital.com

[Michael Slabitcher]

Business Type: Convenience Store.

Location: Tennessee.

Time in business: 11 years.

Merchant’s credit score: 683.

Average monthly deposits for last 3 months: $83,000

Average daily balance for last 3 months: $2,900

3 overdrafts in last 3 months.

3 negative days in last 3 months.

Has 2 MCA positions:

1. Remaining balance is $40,000 and pays $172 per day with 12 months remaining.

2. Remaining balance is $35,000 and pays $324 per day with 5.5 months remaining.

Total daily payment: $496.


The merchant is looking to lower his payments. He doesn't want to involve tax returns because he doesn't report much. I am aware a consolidation is difficult because of the time remaining on the 1st position. A buy out of the 2nd position would work if the merchant can lower his daily by at least 50%. Your input is greatly appreciated. Thank you in advance.

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

The merchant is seeking an offer to buy out the 2nd position for a term of 12 months or more. He is not rate sensitive. His main goal is to lower his daily payments.

Please contact me if you can buy out the second position with a 12 month term.

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