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11-15-2018, 11:36 AM #1
CA Sole Prop
Got a merchant doing solid numbers with a great daily ledgers. He currently has 70k - 1.399 - 12 months on the table and I can't seem to beat it. Every where I sent it declined it because he's in CA and is a sole-prop. Any ideas?
Gary Axisa
Blue Streak Capital, Inc.
PM me for my email
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11-15-2018, 11:39 AM #2
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- Feb 2017
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Is he doing credit cards?
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11-15-2018, 11:39 AM #3
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11-15-2018, 11:50 AM #4
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- Feb 2017
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A-Paper? What industry?
Maybe you can send it to a CA-registered broker to get it to the higher-tiered places. No sense losing the deal if you can co-broker for a fee. LoanMe may be a good fit, for example. Explain it works like a 12-month I/O term loan with a balloon.
If you're signed up with Bluevine and the FICO is good enough, you can get them to apply through your link and explain why a LOC is better than a term loan. Here are some high-lights:
https://www.abfunders.com/business-l...-vs-term-loan/
Unfortunately, I've lost deals (to Swift/PayPal most recently) despite a LOC being a better working-capital solution than an MCA or a term loan, since Bluevine just doesn't offer as much cash-up-front. (Yes, in 6 months, after drawing monthly, they'll have had drawn more money than $70k, but try explaining that to some merchants.)
Maybe your merchant is smarter?
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11-15-2018, 12:46 PM #5
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- Dec 2013
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- 4,713
Gary did we decline ? if we did may be a different reason as i believe we fund the example you laid out...
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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11-15-2018, 02:59 PM #6
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- Oct 2016
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Marcus, he says he has a 12 month 1.399 on the table. We all know Mantis can’t come close to that, but you just want to hikack ****. So since you love the attention, can you definitively explain why Mantis has their reps add PSFs to contracts? Is this what your employees have to do to survive?
Since you love the attention so much...
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11-15-2018, 12:49 PM #7
- Join Date
- Nov 2018
- Location
- San Diego, CA
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- 75
I've had a lot of luck with Credibly on deals like this. BlueVine won't do past 6 months if sole prop. Good luck!
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11-15-2018, 02:56 PM #8
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- Oct 2016
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How many deposits per month? Are they mostly cash deposits?
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11-15-2018, 03:05 PM #9
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- Dec 2013
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cresthill has much better rates then 139's !! sign up gents !
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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11-15-2018, 03:12 PM #10
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- Nunya
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11-15-2018, 03:24 PM #11
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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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11-15-2018, 03:43 PM #12
- Join Date
- Mar 2017
- Location
- Nunya
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- 830
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11-15-2018, 04:48 PM #13
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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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11-15-2018, 04:33 PM #14
Guy took the offer he already had on the table. On to the next!
Gary Axisa
Blue Streak Capital, Inc.
PM me for my email
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11-15-2018, 04:47 PM #15
- Join Date
- 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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11-15-2018, 04:50 PM #16
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- Jun 2015
- Posts
- 3,325
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11-15-2018, 04:52 PM #17
- Join Date
- Dec 2013
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- 4,713
A machar knows what a macher is but for all others !!
http://www.jewish-languages.org/jewi...icon/words/325Marcus 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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