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10-19-2018, 12:53 PM #1
- Join Date
- Sep 2013
- Posts
- 36
Shot in the dark
I have a merchant that needs 50K to do some expansion and the best offer I have gotten is 30K. This will be a first position MCA no negative days the monthly deposits are as follows July 44K Aug 68K Sep 32K.
Are there any direct lenders that could get them to the 50K they want?
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10-19-2018, 12:55 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
Dd you try Mantis ? we love 1st position High Risk files!
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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10-19-2018, 12:57 PM #3
industry and credit??? Also what does payback months show.. With the drop in sales in the most recent month payback months would be the only way to get a higher offer
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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10-19-2018, 12:59 PM #4
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- Sep 2013
- Posts
- 36
Child day care credit around 650
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10-19-2018, 01:07 PM #5John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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10-19-2018, 02:28 PM #6
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- Jun 2014
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- 541
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10-19-2018, 01:22 PM #7
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- Dec 2013
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Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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10-19-2018, 02:05 PM #8
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- Sep 2013
- Posts
- 36
I got an offer from Mantis but it was really low
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10-19-2018, 02:21 PM #9
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- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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10-19-2018, 02:29 PM #10
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- Oct 2016
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- 4,318
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10-19-2018, 02:21 PM #11
- Join Date
- Apr 2018
- Posts
- 144
What John said. Try getting 6 months total in statements to see if the average increases. I don't know if you tried On Deck.. but you should just in case. Unless they've been in business under a year, but the sales/credit make their cut.
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10-19-2018, 03:44 PM #12
- Join Date
- Sep 2015
- Posts
- 122
credibly is great for these as they usually just average the last 3 months for offers
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10-19-2018, 05:13 PM #13
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- Jan 2018
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- 353
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10-21-2018, 12:59 PM #14
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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10-22-2018, 04:44 PM #15
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- Jan 2014
- Posts
- 1,378
what state are they in? if Loanme state they will make strong offer, headway capital can prob get you the 50k or take that 30k offer and give them bluevine LOC., there's few ways you can get you are looking for without having to give 1st and 2nd but that is also another option.
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10-23-2018, 05:16 PM #16
- Join Date
- Mar 2016
- Posts
- 908
This doesn't sound like a 50k deal, but why don't you ask for a bump on your 30k approval, syndicate a couple of bucks and i'm sure you can meet in the middle with 40k and close the deal. Hope this closes for you!
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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10-26-2018, 12:12 PM #17
- Join Date
- Oct 2018
- Posts
- 9
If it's really 650 credit and child day care, get the payback months and send those along with the rest of the package you currently have. Happy to take a look at it and see if we can better the offer you currently have.
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