Aggressive Early Payoff Discount
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  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Aggressive Early Payoff Discount

    Need 100k. Merchant has qualified for 150k with some funds but need an aggressive early payoff discount. He only need money 60 days.
    No tax returns available. Just bank statements and PL.

  2. #2
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    Lendme, IOU, QS
    All have no PPP
    IOU and QS are amortized
    Lendme is simple interest

  3. #3
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    thanks. IOU wont do it since construction and under 10 deposits. QS math does not work with all the fees.

  4. #4
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    Quote Originally Posted by brokerCompany View Post
    Need 100k. Merchant has qualified for 150k with some funds but need an aggressive early payoff discount. He only need money 60 days.
    No tax returns available. Just bank statements and PL.
    BlueVine

  5. #5
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    Fundbox / Bluevine, but might not get up to that high amounts

  6. #6
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    Quote Originally Posted by brokerCompany View Post
    Need 100k. Merchant has qualified for 150k with some funds but need an aggressive early payoff discount. He only need money 60 days.
    No tax returns available. Just bank statements and PL.
    Pearl has some pretty aggressive prepay discounts. I've seen up to 15% discounts on the cost of capital if paid off early

  7. #7
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    Quote Originally Posted by abfunders View Post
    Fundbox / Bluevine, but might not get up to that high amounts
    He mentioned Merch already qualified for $150k

  8. #8
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    Quote Originally Posted by Chargers View Post
    He mentioned Merch already qualified for $150k
    Yes but have not tried Bluevine. Who knows what their UW computer will say!! BLuevine sometimes has no sense on their offers.

  9. #9
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    unique funding solutions offers some pretty decent pp options shoot me an email at irving@ufsfunding.com
    Irving Winograd
    Unique Funding Solutions
    646-460-3139

  10. #10
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    We offer early payment discounts. Typically, 15% 1-30 days, 10% 31-60 days, 5% 61-90 days. We like Construction deals. Let's get in touch. I'd like to ask you a couple of questions about the business.

    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

  11. #11
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Quote Originally Posted by VitalCapJeff View Post
    We offer early payment discounts. Typically, 15% 1-30 days, 10% 31-60 days, 5% 61-90 days. We like Construction deals. Let's get in touch. I'd like to ask you a couple of questions about the business.

    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
    Discount on total balance or just the fees?

  12. #12
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    Quote Originally Posted by abfunders View Post
    Lendme, IOU, QS
    All have no PPP
    IOU and QS are amortized
    Lendme is simple interest
    Who is lendme?

  13. #13
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    Quote Originally Posted by brokerCompany View Post
    Discount on total balance or just the fees?
    Hey brokercompany, it's discount on the total balance.

    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

  14. #14
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    Expansion Capital Group has some pretty aggressive prepayment discounts.

  15. #15
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    Typo. Meant Loanme.
    Lendme is a mortgage lender I saw recently

  16. #16
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    Per underwriting policy, we can provide approvals up to $100k without a tax return (unless there were some strange outstanding question about ownership).

    In terms of what we'd actually approve this business for, I don't have enough info to even start to venture a guess.

    @brokerCompany - Fair criticism about our approval amounts...they can seem unpredictable sometimes in relation to TL / MCA approval amounts, because we do underwrite a bit differently.

    Let us know if we can be helpful here...

    Matt Estes
    BlueVine
    partners@bluevine.com

  17. #17
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    The most aggresive payoff i have ever seen comes from YALBER - They offer principal only if merchant pays in full within 30-60 days. The exact number off days may be wrong, but the discount is CRAZY.
    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

  18. #18
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    Points will be very low then

  19. #19
    He can get a low rate term loan. adele@fundswired.com

  20. #20
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    Bluevine has good early payoff. beats most others
    Last edited by omegafund; 03-12-2019 at 01:35 PM.

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