Results 1 to 13 of 13
  1. #1

    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 Slabitcher
    mslabitcher@slabitcher.com

  2. #2
    Sponsor Reputation points: 27681
    Join Date
    Dec 2013
    Posts
    3,212

    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

  3. #3
    Senior Member Reputation points: 31902
    Join Date
    Jun 2017
    Posts
    877

    That is a great deal bro - why are you trying to beat it - sell that and keep it pushing

  4. #4
    Quote Originally Posted by ryan $ View Post
    That is a great deal bro - why are you trying to beat it - sell that and keep it pushing
    I didn't provide the offer.

  5. #5
    Senior Member Reputation points: 31902
    Join Date
    Jun 2017
    Posts
    877

    Quote Originally Posted by Michael Slabitcher View Post
    I didn't provide the offer.
    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 04:06 PM.

  6. #6
    Senior Member Reputation points: 158269
    Join Date
    Oct 2016
    Posts
    2,436

    Quote Originally Posted by mcaguru View Post
    Seems like this falls right inline with the 2-3 dozen files we fund per day
    For fuck's sake.

    He's trying to beat a 1.19 factor rate. Basic math, Marcus: Mantis and its 1.48 isn't doesn't beat a 1.19. And since Michael asked for direct funders/lenders only, your brokering operation (Cresthill) need not inquire.

  7. #7
    Oh how I’ve missed these posts!! ��

  8. #8
    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.
    Anthony Saracino
    Senior Funding Coordinator
    Yellowstone Capital LLC
    Direct: (516)-282-0933
    Fax: (646)-403-3092
    Cell: (201)-523-2596
    Asaracino@Yellowstonecap.com

  9. #9
    Senior Member Reputation points: 88830
    Join Date
    Jun 2015
    Posts
    2,042

    Quote Originally Posted by mcaguru View Post
    Seems like this falls right inline with the 2-3 dozen files we fund per day
    how admin lets this i will never understand

  10. #10
    Senior Member Reputation points: 11530
    Join Date
    Apr 2013
    Location
    Basalt CO
    Posts
    626

    Quote Originally Posted by WestCoastFunding View Post
    For fuck's sake.

    He's trying to beat a 1.19 factor rate. Basic math, Marcus: Mantis and its 1.48 isn't doesn't beat a 1.19. And since Michael asked for direct funders/lenders only, your brokering operation (Cresthill) need not inquire.
    took the words out of my mouth. #marcusisafool
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

  11. #11
    Senior Member Reputation points: 31902
    Join Date
    Jun 2017
    Posts
    877

    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.

  12. #12
    Senior Member Reputation points: 48316
    Join Date
    Jan 2014
    Posts
    862

    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

  13. #13
    400k 1.16 pm me 6 mo

Similar Threads

  1. Need to beat this offer!
    By patrickw in forum Merchant Cash Advance
    Replies: 15
    Last Post: 11-01-2018, 06:25 PM
  2. Can Anyone Beat this Offer?
    By Michael Slabitcher in forum Merchant Cash Advance
    Replies: 0
    Last Post: 10-11-2018, 07:46 AM
  3. 2nd Position need to beat current offer
    By BizDev in forum Deal Bin
    Replies: 11
    Last Post: 04-10-2017, 11:39 PM
  4. Anyone want to beat a pearl offer 200k
    By xpresscap in forum Deal Bin
    Replies: 12
    Last Post: 10-26-2016, 07:25 PM
  5. Merchant want to beat 184 daily offer,
    By papermoney in forum Deal Bin
    Replies: 3
    Last Post: 03-15-2016, 02:41 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
  •