[NickHubbard]

Hey Guys,


Thought I'd post this as the last resort. Looking for a funder that can do a 4th position with weekly payments!

Home Health Care Company
Been in business since 2004
Borrower credit is 700
Did $19M+ in annual revenue for 2018


Has 3 advances

-$740K
-$242K
-$225K

Looking for $100K-$200K / Currently half way thru the SBA process & looking for a bridge to hold them over!

[rdgllc]

Hey Guys,


Thought I'd post this as the last resort. Looking for a funder that can do a 4th position with weekly payments!

Home Health Care Company
Been in business since 2004
Borrower credit is 700
Did $19M+ in annual revenue for 2018


Has 3 advances

-$740K
-$242K
-$225K

Looking for $100K-$200K / Currently half way thru the SBA process & looking for a bridge to hold them over!

TVT may do a weekly on this.

[Chambo]

TVT may do a weekly on this.

yeah, maybe....but as a weekly? a FOURTH POSITION?

[rdgllc]

yeah, maybe....but as a weekly? a FOURTH POSITION?

I think they might with that credit, TIB, and revenue even as a 4th depending on who the other advances are with. Nick - worth a shot to reach out to Anthony at TVT and see.

[Kevin Henry-Seacoast]

Hey Guys,


Thought I'd post this as the last resort. Looking for a funder that can do a 4th position with weekly payments!

Home Health Care Company
Been in business since 2004
Borrower credit is 700
Did $19M+ in annual revenue for 2018


Has 3 advances

-$740K
-$242K
-$225K

Looking for $100K-$200K / Currently half way thru the SBA process & looking for a bridge to hold them over!

Hi Nick,

Are the invoices paid by private pay, insurance, Medicare, or Medicaid? Sometime these home healthcare companies work under government contracts and you might be able to factor them or get an asset based line. If they are growing will they outgrow the SBA?

If they are not insurance, private pay, Medicare, or Medicaid.....I would be happy to see if we can do something.

[AllDayMoney]

What type of term is he looking for?

[Lmonus]

CFGMS - ide love to take a crack at this deal. Doing a weekly as a 4th might be possible if the first 3 positions aren't the typical YSC / EBF's.

My 4th position offer will be a strong option for your merchant to consider. Look forward to hearing from you!

[Big Mack]

Wouldn't a weekly offer be based upon daily balances?

[Lmonus]

Wouldn't a weekly offer be based upon daily balances?

It would, but its tough to justify a weekly payment when the first 3 are daily and accompanied with a 100-120 day term. (if they are highrisk funders)

Its easier for me to get a weekly payment from my funder when the first 3 daily positions are OnDeck, Swift and Knight for Example. All of those positions will have low factor rates, really long terms and are just overall REALLY good deals for the merchant that wont have a huge effect on my weekly debit.

Imagine 3 daily debits of $300-$400 compared to 3 daily's of $1,500-$2,500. The higher the daily, the less chance you have of collecting your weekly debit. But if they are low, you shouldn't have any issues.