1 year Time in Business looking for a 2nd 12 month term
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  1. #1

    1 year Time in Business looking for a 2nd 12 month term

    Merchant is in the paint business, turned 1 year recently. Has a 1st position already, looking for a 2nd position for minimum of 1 year payback term. No QS or IOU. Does not want to pay off 1st position. Strong credit.

  2. #2
    Senior Member Reputation points: 218103
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    Define "strong"

  3. #3
    Senior Member Reputation points: 54977
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    when or if all other options fail Mantis can make offer in hour and send you Adobe-Sign Contract that merchant then clicks in agreement and BOOM goes right into the final funding Que!
    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

  4. #4
    700+

  5. #5
    Senior Member Reputation points: 27404
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    Quote Originally Posted by stat View Post
    Merchant is in the paint business, turned 1 year recently. Has a 1st position already, looking for a 2nd position for minimum of 1 year payback term. No QS or IOU. Does not want to pay off 1st position. Strong credit.
    vitalcap

  6. #6
    Senior Member Reputation points: 81657
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    Quote Originally Posted by stat View Post
    Merchant is in the paint business, turned 1 year recently. Has a 1st position already, looking for a 2nd position for minimum of 1 year payback term. No QS or IOU. Does not want to pay off 1st position. Strong credit.
    SBA - No Prepayment Penalty - takes 45 - 60 days to close.
    $100k @ 120 months - estimated Monthly Payment $1125.00
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  7. #7
    What is his monthly deposits? What is he looking for? How much of a balance is left on his 1st pos?
    Adam Ward
    911 Ave U
    Brooklyn NY 11235
    adam@Funding-Zone
    347-269-1598

  8. #8
    Senior Member Reputation points: 18402
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    Not getting a 2nd at 12 months, with time in business 1 year

  9. #9
    Senior Member Reputation points: 39236
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    Oct 2014
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    Naples, FL
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    Quote Originally Posted by golf2014 View Post
    Not getting a 2nd at 12 months, with time in business 1 year
    THANK YOU... was waiting for someone to say it...

  10. #10
    Sponsor Reputation points: 9187 DannyFoxCap's Avatar
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    Feb 2019
    Location
    Miami, FL
    Posts
    148

    We specialize in 2nd, 3rd, and high risk 1st positions. Give me a call/email

    Main: 212-971-9244
    Direct: 347-468-7528
    Fax: 866-557-0455
    Email: Danny@foxbusinessfunding.com

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