Established Business Seeking 100k
Need a Funder or Vendor? START HERE

Results 1 to 14 of 14
  1. #1

    Established Business Seeking 100k

    Established business for over 30 years is seeking 100k. They currently have a few tiny cash advance loans. They do about 200k a month. Looking for payoff or new funding. What funders can help?
    Last edited by CashAdvanceKing; 08-28-2018 at 05:20 PM.

  2. #2
    We would consider reviewing this file for an approval.

  3. #3
    Senior Member Reputation points: 227883
    Join Date
    Feb 2017
    Posts
    3,454

    Your inbox will EXPLODE from everyone..... "Payoff OR New Funding" will bring all the skeletons out of the closet.
    And you call yourself "King"?

    If they're truly A-paper and they have less than 3 MCAs or other loans (SBAs, Bluevine, Kabbage, etc) which sounds like it's unlikely, Breakout should be your first stop.

    If the client has enough collateral, then if you're signed up, then Bluevine might also be a good one-stop-shop for both their LOC and the AR (if they do AR) to do a buy-out.

    Is there any real estate involved at all? Also something to keep in mind.

    All of this is assuming you are willing to take less than 10 points. Breakout's standard program is close at 8 points, but it's revolving, so you'll make 10 points over the course of time.

  4. #4
    LoanMe offers monthly payment term loans from $3,500 to $250,000. Minimum FICO 500, Minimum TIB 90 days. Multiple positions ok, final approvals based on affordability, not strictly revenue or deposits. We can work with all "For-Profit" Industries. Give us a call 949-535-7798
    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
    Banned Reputation points: 10
    Join Date
    Jul 2018
    Posts
    18

    I can get it done. I work with smaller chop shop style direct funders that not many Iso's know about. I guarantee to get you the best deal. PM me can discuss what you're looking for.

  6. #6
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    Quote Originally Posted by Jwhavicpeters View Post
    I can get it done. I work with smaller chop shop style direct funders that not many Iso's know about. I guarantee to get you the best deal. PM me can discuss what you're looking for.
    Your thirst borders on desperation

  7. #7
    Senior Member Reputation points: 4599
    Join Date
    Feb 2014
    Location
    Florida
    Posts
    266

    Quote Originally Posted by CashAdvanceKing View Post
    Established business for over 30 years is seeking 100k. They currently have a few tiny cash advance loans. They do about 200k a month. Looking for payoff or new funding. What funders can help?
    Lots of unknowns here.. but on the surface sounds like a sweet file.
    Industry, seasonality, bank account health, etc... would be good info to have.
    Good luck!
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

  8. #8
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Quote Originally Posted by CashAdvanceKing View Post
    Established business for over 30 years is seeking 100k. They currently have a few tiny cash advance loans. They do about 200k a month. Looking for payoff or new funding. What funders can help?
    Does the client want a loan or an advance? Do they already have a loan with their bank and seek another? What is the credit of the guarantor(s)?

    Depending on the particulars there are numerous options for loans or advances

  9. #9
    Senior Member Reputation points: 8447
    Join Date
    Jul 2015
    Location
    Tampa Florida
    Posts
    502

    We can look at this deal on CC split if they have the card volume to qualify. Our net rule is 75%
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  10. #10
    Senior Member Reputation points: 86941
    Join Date
    Feb 2018
    Posts
    1,349

    30 yrs tib and $200K mo- get them into a suitable product if their credit is decent. sounds like they need a better product than what they have been borrowing

  11. #11
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    all else fails send do cresthill will fund same day ! with contracts back-in!!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  12. #12
    Senior Member Reputation points: 198007
    Join Date
    Mar 2017
    Location
    Nunya
    Posts
    830

    Quote Originally Posted by Jwhavicpeters View Post
    I can get it done. I work with smaller chop shop style direct funders that not many Iso's know about. I guarantee to get you the best deal. PM me can discuss what you're looking for.
    "Chop shop style" doesn't lend a lot of confidence.

  13. #13
    Senior Member Reputation points: 33996
    Join Date
    Jan 2015
    Location
    Laguna Beach
    Posts
    463

    I can probably get them a nice term loan, fully amortized.

  14. #14
    Senior Member Reputation points: 44171
    Join Date
    Aug 2017
    Posts
    405

    Lmao chop shop style? Who in the hell sends there deals to “chop shop style direct funders”?

Similar Threads

  1. Outpatient Services Seeking 100k
    By JD-Strategic in forum Deal Bin
    Replies: 2
    Last Post: 01-22-2018, 02:48 PM
  2. Replies: 14
    Last Post: 12-14-2017, 01:02 PM
  3. Replies: 9
    Last Post: 10-18-2016, 05:54 PM
  4. Replies: 4
    Last Post: 05-16-2016, 11:37 AM
  5. Seeking a Funder or Established ISO to work for remotely
    By Sales Professional in forum Merchant Cash Advance
    Replies: 27
    Last Post: 06-08-2014, 03:26 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY