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  1. #1
    Senior Member Reputation points: 6639 gaxisa's Avatar
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    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

  2. #2
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    Is he doing credit cards?

  3. #3
    Senior Member Reputation points: 6639 gaxisa's Avatar
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    Quote Originally Posted by abfunders View Post
    Is he doing credit cards?
    Nope.
    Gary Axisa
    Blue Streak Capital, Inc.
    PM me for my email

  4. #4
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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?

  5. #5
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    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)
    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

  6. #6
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    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!

  7. #7
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    How many deposits per month? Are they mostly cash deposits?

  8. #8
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    Quote Originally Posted by mcaguru View Post
    Gary did we decline ? if we did may be a different reason as i believe we fund the example you laid out...
    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...

  9. #9
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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

  10. #10
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    Quote Originally Posted by mcaguru View Post
    cresthill has much better rates then 139's !! sign up gents !
    You're saying you can beat 12 month 1.39?

    ::crickets::

  11. #11
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    Quote Originally Posted by Nunya View Post
    You're saying you can beat 12 month 1.39?

    ::crickets::
    Yes there is a reason Cresthill is one of the top players in the country...
    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

  12. #12
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    Quote Originally Posted by mcaguru View Post
    Yes there is a reason Cresthill is one of the self proclaimed top players in the country...
    Fixed that for you

  13. #13
    Senior Member Reputation points: 6639 gaxisa's Avatar
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    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

  14. #14
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    Quote Originally Posted by gaxisa View Post
    Guy took the offer he already had on the table. On to the next!
    Gary your one of the BIGGEST MACHERS in our space !
    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

  15. #15
    Senior Member Reputation points: 54975
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    Quote Originally Posted by Nunya View Post
    Fixed that for you
    its a "FACT"
    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

  16. #16
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    Quote Originally Posted by mcaguru View Post
    Gary your one of the BIGGEST MACHERS in our space !
    haha whats the chances that gary knows what that means

  17. #17
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    Quote Originally Posted by Michael I View Post
    haha whats the chances that gary knows what that means
    A machar knows what a macher is but for all others !!

    http://www.jewish-languages.org/jewi...icon/words/325
    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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