[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 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.

Can anyone buy out the second position with a 12 month term?

Thank you in advance.

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

[MIHWF]

Give me a call Michael, your name and last name stand out lol. It's a pleasure to see you on here, hope after American funding all is well and that job you took at the brokerage went well.
If you are your own God bless, you deserve. Hard ass working Individual

Oscar Valido
Senior Operations Manager
Email: info@mihwf.com
Phone: 305-834-4500
12250 sw 129th ct suite 108 33186

[Davincinc]

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 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.

Can anyone buy out the second position with a 12 month term?

Thank you in advance.

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

should retitle stating partial mca buyout, try breakout capital, they will buy both if @ 50%.

[ssafirstein]

should retitle stating partial mca buyout, try breakout capital, they will buy both if @ 50%.

To clarify, we do NOT have a 50% paydown or 50% net rule though (they can net 0) but we would need to buyout both positions. We can definitely take a look at this file as I would estimate on a straight consolidation over 12 months, we would lower the daily payments by about 15%-20%.

Feel free to reach out to me directly with any questions.

Thanks,

Steven Safirstein
Vice President of Sales & Head of ISO Relations
Breakout Capital Finance, LLC
6862 Elm Street | 3rd Floor | McLean, VA 22101
O: 703.852.6013 | steven@breakoutfinance.com

[Michael Slabitcher]

To clarify, we do NOT have a 50% paydown or 50% net rule though (they can net 0) but we would need to buyout both positions. We can definitely take a look at this file as I would estimate on a straight consolidation over 12 months, we would lower the daily payments by about 15%-20%.

Feel free to reach out to me directly with any questions.

Thanks,

Steven Safirstein
Vice President of Sales & Head of ISO Relations
Breakout Capital Finance, LLC
6862 Elm Street | 3rd Floor | McLean, VA 22101
O: 703.852.6013 | steven@breakoutfinance.com

Hi Steven,

The merchant is looking to lower the payments by at least 40%. I ran the numbers by Zain last week and he provided the same information.

Thank you.