[PopCash]

I have a good file that I need a lender to get creative on:

File details:

Restaurant
Merchant Fico is high 600’s
Deposits are 200k a month
CC sales are 60k a month
1st position with loandbuilder, balance is 90k
2nd position balance is with a well known high risk lender at 30k
3rd position balance is with a well known high risk lender at 20k
4-5 negatives a month

I am looking for a lender that will do a cc deal (lockbox) or split if you can apply a split to worldpay, that will lend 90-100k to pay off 2nd and 3rd position balances and leave loanbuilder.

Please don’t waste my time and read thoroughly to the above deal stats. Thanks all.

[moneygreen]

sent you pm

[Yankeeman07]

I have a good file that I need a lender to get creative on:

File details:

Restaurant
Merchant Fico is high 600’s
Deposits are 200k a month
CC sales are 60k a month
1st position with loandbuilder, balance is 90k
2nd position balance is with a well known high risk lender at 30k
3rd position balance is with a well known high risk lender at 20k
4-5 negatives a month

I am looking for a lender that will do a cc deal (lockbox) or split if you can apply a split to worldpay, that will lend 90-100k to pay off 2nd and 3rd position balances and leave loanbuilder.

Please don’t waste my time and read thoroughly to the above deal stats. Thanks all.

We do credit card splits, for future reference, contact me.

Your merchant does not have enough cc volume to acquire $90K

[PopCash]

If you put a 20-25% split on the CC sales, you should easily be able to get to 80K-90K at 8-9 months

[Chargers]

I have a good file that I need a lender to get creative on:

File details:

Restaurant
Merchant Fico is high 600’s
Deposits are 200k a month
CC sales are 60k a month
1st position with loandbuilder, balance is 90k
2nd position balance is with a well known high risk lender at 30k
3rd position balance is with a well known high risk lender at 20k
4-5 negatives a month

I am looking for a lender that will do a cc deal (lockbox) or split if you can apply a split to worldpay, that will lend 90-100k to pay off 2nd and 3rd position balances and leave loanbuilder.

Please don’t waste my time and read thoroughly to the above deal stats. Thanks all.

Dude, you wanna stack this guy even more than where he is already at? This guy is already over-leveraged as is with 3 positions which is evident by the 4-5 neg days per month. This is the kind of ish that puts people out of business.

[moneygreen]

If you put a 20-25% split on the CC sales, you should easily be able to get to 80K-90K at 8-9 months

yeah if it was a first position offer, but the merchant is already giving 30-40% to current MCAs. Take it over 50% and they wont last 3 months.

[PopCash]

His current 2nd and 3rd positions go out 4 months. Consolidating that and stretching it to a 7 month term would enable more cash flow and put his business in a much better position. He doesn't want a 4th position because that would hurt him.