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02-27-2019, 04:40 PM #1
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.
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02-27-2019, 04:50 PM #2
- Join Date
- Feb 2017
- Posts
- 3,426
Lendme, IOU, QS
All have no PPP
IOU and QS are amortized
Lendme is simple interest
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02-27-2019, 04:53 PM #3
thanks. IOU wont do it since construction and under 10 deposits. QS math does not work with all the fees.
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02-27-2019, 05:02 PM #4
- Join Date
- Nov 2018
- Location
- Phoenix AZ
- Posts
- 90
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02-27-2019, 05:03 PM #5
- Join Date
- Feb 2017
- Posts
- 3,426
Fundbox / Bluevine, but might not get up to that high amounts
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02-27-2019, 05:11 PM #6
- Join Date
- Nov 2018
- Location
- Phoenix AZ
- Posts
- 90
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02-27-2019, 05:24 PM #7
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02-28-2019, 09:17 PM #8
- Join Date
- May 2016
- Location
- San Francisco & New York City
- Posts
- 75
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
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02-27-2019, 05:11 PM #9
- Join Date
- Mar 2016
- Posts
- 657
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02-28-2019, 12:25 PM #10
- Join Date
- Sep 2016
- Posts
- 169
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
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02-28-2019, 12:30 PM #11
- Join Date
- Dec 2018
- Location
- 48 Wall St. New York, NY 10005
- Posts
- 271
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
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02-28-2019, 01:19 PM #12
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02-28-2019, 04:32 PM #13
- Join Date
- Dec 2018
- Location
- 48 Wall St. New York, NY 10005
- Posts
- 271
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
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02-28-2019, 04:27 PM #14
- Join Date
- Aug 2018
- Posts
- 789
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02-28-2019, 04:35 PM #15
- Join Date
- Oct 2016
- Posts
- 4,318
Expansion Capital Group has some pretty aggressive prepayment discounts.
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02-28-2019, 04:47 PM #16
- Join Date
- Feb 2017
- Posts
- 3,426
Typo. Meant Loanme.
Lendme is a mortgage lender I saw recently
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03-01-2019, 09:31 AM #17
- Join Date
- Mar 2016
- Posts
- 904
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
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03-02-2019, 08:05 PM #18
- Join Date
- Apr 2014
- Posts
- 781
Points will be very low then
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03-02-2019, 09:32 PM #19
- Join Date
- Feb 2014
- Posts
- 79
He can get a low rate term loan. adele@fundswired.com
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03-12-2019, 12:42 PM #20
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
Bluevine has good early payoff. beats most others
Last edited by omegafund; 03-12-2019 at 01:35 PM.
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