need consolidation
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  1. #1
    Senior Member Reputation points: 44171
    Join Date
    Aug 2017
    Posts
    405

    need consolidation

    Have a merchant took 130K with a fund back in feb, is up for renewal. balance is down to 60K. Need a fund that will buy out an beat the rate. They are offering 1.30 670 daily

    credit is low 500's

  2. #2
    Senior Member Reputation points: 203690
    Join Date
    Jan 2014
    Posts
    1,378

    that's 18k in interest he is paying minute he signs that contract that goes right down the toilet. May want to see what 2nd position options he has, presented correctly can win you the deal.

  3. #3
    Member Reputation points: 736 Michael Thomas's Avatar
    Join Date
    Jun 2015
    Location
    South Ms
    Posts
    41

    not enough info bob,

    whats his monthly deposits, avg daily balance? Nsfs? neg days? low 500s is doable... what state? what industry?
    Website : https://www.speedybusiness.loan
    Location : 1255 Lynnfield Rd Memphis, TN
    Phone : 601 803 1513

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