Aggressive 2nd position funder

**tcraig** · 02-11-2019, 04:38 PM

I have a second position I need funded

She just took 30k for a first and needs 12k behind it

Retail store open about a year does 500k a year, any ideas..Rprg turned down as did Fox

**WestCoastFunding** · 02-11-2019, 04:50 PM

Ysc.

**mcaguru** · 02-11-2019, 04:58 PM

Mantis....we fund hours after offer.

**VitalCapJeff** · 02-11-2019, 06:04 PM

We give very aggressive offers in 2nd and 3rd position deals. Reach out and I can get our full guidelines over to you and discuss this deal!

Thanks,

Jeff Pecori
ISO Relations manager
VitalCap Fund
48 Wall St. New York, NY 10005
P. 850.630.7509
F. 646.219.7949
jeff@vitalcapfund.com

**Alexshlepin** · 02-11-2019, 11:36 PM

We do 2nd positions too. If you like send me the file, I will try to give you the best offer. My email is al@parfunding.com

**WestCoastFunding** · 02-12-2019, 08:35 AM

Originally Posted by Alexshlepin

I will try to give you the best offer. My email is al@parfunding.com

Its an offer you can't refuse...

**Kevin Henry-Seacoast** · 02-12-2019, 09:29 AM

Originally Posted by WestCoastFunding

Its an offer you can't refuse...

Leave the COJ...take the cannoli...

**Finance Guru** · 02-12-2019, 10:02 AM

Have you signed up with us yet? We are known for are great second position offers.

**Jayson Yunason** · 02-12-2019, 11:03 AM

Here at Mr Advance is very fast at giving offers jayson@mradvancellc.com
2nd-3rd positions are our sweetspot

**Chambo** · 02-12-2019, 11:18 AM

Originally Posted by tcraig

I have a second position I need funded

She just took 30k for a first and needs 12k behind it

Retail store open about a year does 500k a year, any ideas..Rprg turned down as did Fox

You need to review this deal more carefully. They do $500K a year, which means approx 42K a month. they just got $30K. What are the terms? The monthly pulls? Sounds like you are having issues with your magical # of $12K, because the first funder is taking too much of gross. If you are taking 25-30% of gross to pay off cash advances, the merchant will either blow everyone off and default, or call up in a month or two, cry about not being able to afford payments, and demand reduced payments (which will kill them on any renewal or third pos attempts)

**fundingsmbs** · 02-12-2019, 11:30 AM

broker and merchant just want the $$ there is no thought process on % of gross coming out.

**Alexshlepin** · 02-12-2019, 09:24 PM

Agree, 100% true

**k lion** · 03-07-2019, 10:26 PM

im sure its too late, but jeff pecori, vital cap 9-9 1/2 month second and thirds never seen it before. Very high commissions as well, but I dont know their revenue minimums on retail

**freeprocessing** · 03-08-2019, 10:01 AM

Originally Posted by Chambo

You need to review this deal more carefully. They do $500K a year, which means approx 42K a month. they just got $30K. What are the terms? The monthly pulls? Sounds like you are having issues with your magical # of $12K, because the first funder is taking too much of gross. If you are taking 25-30% of gross to pay off cash advances, the merchant will either blow everyone off and default, or call up in a month or two, cry about not being able to afford payments, and demand reduced payments (which will kill them on any renewal or third pos attempts)

Yea if Fox declined it I have to assume that any good second position shop won't take it because there is cash flow issues and they may not be able to afford a healthy second pos. I would send it to Mantis or Mr advance who are both on this thread.

**VitalCapJeff** · 03-08-2019, 01:36 PM

Originally Posted by k lion

im sure its too late, but jeff pecori, vital cap 9-9 1/2 month second and thirds never seen it before. Very high commissions as well, but I dont know their revenue minimums on retail

Hey K lion, thanks for the recommendation. Yes, our 2nd positions max out at 9 1/2 months. Our 3rd's max out a 7 months. Retail falls under our preferred industries which requires a $15k gross monthly minimum.

Jeff Pecori
ISO Relations manager
VitalCap Fund
48 Wall St. New York, NY 10005
P. 850.630.7509
F. 646.219.7949
jeff@vitalcapfund.com

**fundjax** · 03-09-2019, 07:50 PM

Deal bin?

**blashley** · 03-10-2019, 10:39 PM

try everest and forward finance

**FUND3R1** · 03-11-2019, 11:56 AM

If credit is decent try RDM.

**AlfaSam** · 03-22-2019, 02:42 PM

2nd and 3rd position offers are our sweet spot. Call me to 305-420-8473 and we can discuss how we operate as a funding house and what we have to offer. Looking forward to it. Have a good day.

**WestCoastFunding** · 03-22-2019, 03:52 PM

Originally Posted by AlfaSam

2nd and 3rd position offers are our sweet spot. Call me to 305-420-8473 and we can discuss how we operate as a funding house and what we have to offer. Looking forward to it. Have a good day.

Aren’t you guys 24 Capital rebranded?

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