Who can do a second
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  1. #1
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    Who can do a second

    Deal is as follows:

    Second position behind OnDeck
    Monthly revenue $4 million
    Average daily balances very high
    Industry: Healthcare
    Time in business: 11 years

    Merchant is looking for $400k at a minimum of 4 month term (will not pay more than a 1.45 and no more than a 10% fee) and wants to fund ASAP.

  2. #2
    Senior Member Reputation points: 503040
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    Haha. Delete your account or else your PMs will be forever ****ed.

    5 years from now someone will be asking you if this deal is still viable.

  3. #3
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    This is a Joke right?

    Seriously, send your deals to me, You dont have a clue. Ill fund everything for you and take 30%

  4. #4
    Senior Member Reputation points: 340530
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    Quote Originally Posted by SmartAdvanced View Post
    Deal is as follows:

    Second position behind OnDeck
    Monthly revenue $4 million
    Average daily balances very high
    Industry: Healthcare
    Time in business: 11 years

    Merchant is looking for $400k at a minimum of 4 month term (will not pay more than a 1.45 and no more than a 10% fee) and wants to fund ASAP.
    You never need a second behind anyone if you properly finance the first the right way......
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  5. #5
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    I just saw Fedex trucker who the broker (who I highly respect!) arranged an SBA for him last year, and due to lack of working capital, now he's 3-4 positions deep in MCA (another set of brokers did that). Cheaper money in the first position doesn't always pan out to the "best" money.

  6. #6
    Senior Member Reputation points: 340530
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    Quote Originally Posted by abfunders View Post
    I just saw Fedex trucker who the broker (who I highly respect!) arranged an SBA for him last year, and due to lack of working capital, now he's 3-4 positions deep in MCA (another set of brokers did that). Cheaper money in the first position doesn't always pan out to the "best" money.
    An SBA should never be used for working capital purposes. It can be good for financing hard assets or a company that is steady-eddie. If a company is growing quickly they will outgrow the availability and you are locked in. There are better vehicles for first positions or senior positions.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  7. #7
    Senior Member Reputation points: 503040
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    Quote Originally Posted by ryan $ View Post
    This is a Joke right?
    Yes, definitely a joke and a little bit of a troll. But funny tho. Only thing missing was saying they do $300K a month in credit cards.

  8. #8
    Senior Member Reputation points: 307559
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    Quote Originally Posted by WestCoastFunding View Post
    Yes, definitely a joke and a little bit of a troll. But funny tho. Only thing missing was saying they do $300K a month in credit cards.
    are you still in 2010? no one cares about that anymore. better industry is the only thing missing lol

  9. #9
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    Quote Originally Posted by Michael I View Post
    are you still in 2010? no one cares about that anymore. better industry is the only thing missing lol
    Nah, man. CCs bolster the offer. Also guarantees deposits aren’t like just two big ones a month.

  10. #10
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    It’s healthcare. Gets deposits from Medicare and a ton of insurance companies.

  11. #11
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    Quote Originally Posted by SmartAdvanced View Post
    Deal is as follows:

    Second position behind OnDeck
    Monthly revenue $4 million
    Average daily balances very high
    Industry: Healthcare
    Time in business: 11 years

    Merchant is looking for $400k at a minimum of 4 month term (will not pay more than a 1.45 and no more than a 10% fee) and wants to fund ASAP.
    that's a post you put up when your kidnapped and in the back of a trunk...its the best chance in getting saved.
    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
    Quote Originally Posted by SmartAdvanced View Post
    Deal is as follows:

    Second position behind OnDeck
    Monthly revenue $4 million
    Average daily balances very high
    Industry: Healthcare
    Time in business: 11 years

    Merchant is looking for $400k at a minimum of 4 month term (will not pay more than a 1.45 and no more than a 10% fee) and wants to fund ASAP.
    I can get this done for you before 3 oclock if merchant qualifies and is ready to move forward

  13. #13
    let fundkite show you what we can do
    David T
    ISO Relations Manager
    Business Development
    FundKite
    David.t@fundkite.com

  14. #14
    Senior Member Reputation points: 503040
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    Quote Originally Posted by DavidT View Post
    let fundkite show you what we can do
    Yeah, submit to Fundkite and within minutes they’ll send the file to YSC.

  15. #15
    not true at all
    Last edited by DavidT; 01-11-2019 at 01:50 PM.
    David T
    ISO Relations Manager
    Business Development
    FundKite
    David.t@fundkite.com

  16. #16
    Senior Member Reputation points: 27404
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    Quote Originally Posted by SmartAdvanced View Post
    Deal is as follows:

    Second position behind OnDeck
    Monthly revenue $4 million
    Average daily balances very high
    Industry: Healthcare
    Time in business: 11 years

    Merchant is looking for $400k at a minimum of 4 month term (will not pay more than a 1.45 and no more than a 10% fee) and wants to fund ASAP.
    funded yet? ive done 1.26 buy rates on seconds



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