Results 1 to 13 of 13
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11-08-2018, 01:35 PM #1
- Join Date
- Dec 2017
- Posts
- 277
Can Anyone Beat this Offer?
Offer: $400,000 8 months 1.19 factor rate.
Details:
Industry: Offers back-office services to financial companies.
Credit Score: 689
Average Monthly Deposits: $1,000,000
Existing Debt:
1. $40,000 Advance
2. $175,000 Line of Credit
TIB: 22 years.
Location: GA
No Collateral.
Direct Funders/Lenders only.
I have a complete file with financials.
Thank you.
Michael Sla*****er
msla*****er@sla*****er.com
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11-08-2018, 01:56 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
Seems like this falls right inline with the 2-3 dozen files we fund per day
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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11-08-2018, 02:04 PM #3
- Join Date
- Jun 2017
- Posts
- 2,049
That is a great deal bro - why are you trying to beat it - sell that and keep it pushing
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11-08-2018, 02:45 PM #4
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- Dec 2017
- Posts
- 277
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11-08-2018, 03:04 PM #5
- Join Date
- Jun 2017
- Posts
- 2,049
WHat Lender is the Offer from - Ill tell you where to go. Every Lender pretty much has Competitors.
But Just Based on Factor ALONE
Try top tier Guys
IOU
OnDeck
BFS (If you dare)
SOS (Just Funded the 8 Month 1.22 With them - On a 2nd - so if you do a First would be better)
TBB
Breakout
CAN (Retention Pricing)
Quarterspot
ALl these lenders may not beat pricing outright, but if you get a higher dollar amount, longer term, you could take the deal.Last edited by ryan $; 11-08-2018 at 03:06 PM.
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11-08-2018, 03:15 PM #6
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- Oct 2016
- Posts
- 4,318
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11-08-2018, 03:17 PM #7
- Join Date
- Nov 2017
- Posts
- 64
Oh how I’ve missed these posts!!
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11-08-2018, 03:31 PM #8
- Join Date
- Aug 2014
- Posts
- 620
Is the merchant trying to net a certain dollar amount higher than 400k? If so, I would encourage him to take that and then work out another 2-300k behind that on a 5-6 month them. Give me a call if you think this is something they may go for.
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11-08-2018, 04:29 PM #9
- Join Date
- Jun 2015
- Posts
- 3,325
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11-08-2018, 04:42 PM #10
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
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11-08-2018, 04:43 PM #11
- Join Date
- Jun 2017
- Posts
- 2,049
Rate and Term alone - Its Tough beating this deal outright - you have to get creative.
Couple it with a LOC. Extend the Term to Lower the Payments. Or shorten the Term and beat the Factor. Couple 2 Deals together.
Get creative.
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11-08-2018, 07:53 PM #12
- Join Date
- Jan 2014
- Posts
- 1,378
does the merchant actually have that offer in contract? or did they just tell you that is what they're being offered by a lender? Those types of deposits why is merchant taking out mca's their bank would most likely easily give them capital? whats wrong with their credit and/or background? if everything checks out paypal can beat it. 12 month term weekly payments probably 450k around 1.17-1.19
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11-08-2018, 10:26 PM #13
- Join Date
- Jul 2018
- Posts
- 10
400k 1.16 pm me 6 mo
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