Need a funder willing to do 500K bank only deal
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  1. #1

    Need a funder willing to do 500K bank only deal

    I have merchant doing high volume, clean banks and great credit. Does not do credit cards so it would need to be a ACH payment. Currently has 3 advances totally 250,000.00 Looking to take them out and get the merchant additional working capital.

  2. #2
    Senior Member Reputation points: 30475 Zach's Avatar
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    Pretty much impossible

  3. #3
    What state? Do they own any real estate?

  4. #4
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    Geez. Are you the broker of all 3? With that remark, I am sure you aren't willing to tell me when they got the advances and how far apart they are. I would say you can try to consolidate the loans but it doesn't matter the amount he took out- It's the payback and/or payoff. I can help if you if you want... no obligation. I offer guidance at no charge.

  5. #5
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    Industry type? PM me I can help with a monthly 24-36 month deal.

  6. #6
    Senior Member Reputation points: 13325 isaacdstern's Avatar
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    We can get them some additional funds but I cant think of anyone who will pay all 3 off for $250k and get them some additional capital

    800-955-2411

  7. #7
    Veteran Reputation points: 135660 Chambo's Avatar
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    Quote Originally Posted by Meo35 View Post
    I have merchant doing high volume, clean banks and great credit. Does not do credit cards so it would need to be a ACH payment. Currently has 3 advances totally 250,000.00 Looking to take them out and get the merchant additional working capital.
    Take out the three advances, so they can turn around a stack again two months later?

  8. #8
    Veteran Reputation points: 135660 Chambo's Avatar
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    Quote Originally Posted by Meo35 View Post
    I have merchant doing high volume, clean banks and great credit. Does not do credit cards so it would need to be a ACH payment. Currently has 3 advances totally 250,000.00 Looking to take them out and get the merchant additional working capital.
    Merchant has clearly shown a propensity to stack. Why would any fund out there trust them?

  9. #9
    If his banks and credit are so good, there are options outside the cash advance arena that a lot cheaper.

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