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02-05-2019, 10:06 AM #1
Consolidation + No Net Requirement
Hey,
Have a merchant looking to consolidate 2 advances plus net some cash.
Can any direct funder make this work?
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Design/Build contracting business
7 Years in business
Monthly revenue averages 60k to 100k
Credit score is in low 700's
Currently has approx $152,000 in contracted work backlog
$26,742 in accts. receivable
-Bizfund balance is $44k with daily payment of $452
-Ondeck balance is $30k with daily payment of $187
Looking to consolidate MCAs + net approx $25k
And obtain a min 1yr + term and weekly or monthly payment scheduleLast edited by NickHubbard; 02-05-2019 at 04:24 PM.
Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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02-05-2019, 10:10 AM #2
- Join Date
- Mar 2016
- Posts
- 904
You should mention the company names of the Two MCA's.
If both are Swift and OnDeck, your request might be very doable. But if its YSC and Richmond, i doubt anyone will pay them off.Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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02-05-2019, 03:26 PM #3
- Join Date
- Nov 2018
- Location
- San Diego, CA
- Posts
- 75
Try Quarterspot. You only need to net 20%.
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02-05-2019, 05:39 PM #4
- Join Date
- Jan 2019
- Posts
- 13
We can consolidate and also have a no net requirement but we secure our loans with real estate. If the merchant has, then feel free to send it over to WBL.
kcalderon@wbl.com
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