Results 1 to 10 of 10
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03-26-2019, 04:17 PM #1
- Join Date
- Apr 2015
- Posts
- 206
Can anyone pay off a 200k balance and take first position
Merchant averages 340k montly. Has 2 positions for a combined balance of 200k. Can anyone pay off that balance.
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03-26-2019, 04:24 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
What industry? $340K/month = at least 500K in AR. 500K in AR = $1Mil factoring facility.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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03-26-2019, 05:09 PM #3
- Join Date
- Apr 2014
- Posts
- 781
Why would you post this
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03-26-2019, 05:28 PM #4
- Join Date
- Dec 2013
- Posts
- 4,713
I dont want to find out Cash advance King is Kevin Henry LOL ...just kidding !!
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
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03-26-2019, 05:51 PM #5
- Join Date
- Jun 2015
- Posts
- 3,325
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03-26-2019, 06:15 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
All else fails Mantis has been funding NON-STOP!!!!!
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
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03-26-2019, 07:16 PM #7
- Join Date
- Oct 2016
- Posts
- 4,318
Why is Mantis contacting merchants with offers without notifying the brokers?
I get that you want to be above board, calling out brokers for bad practices. But is Mantis’s practice of contacting merchants anytime an offer has been generated — without the approval of the broker — any better?
Mantis needs to explain why they’re doing this.
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03-26-2019, 07:40 PM #8
- Join Date
- Jan 2014
- Posts
- 1,378
is they looking to net anything or 0 net? if he is looking to net something, most lenders have 50% net rule making your funding amount 400k minimum which is about 540k of exposure for a lender on merchant that stacks. but ive seen it done if revenue and industry are solid.
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03-27-2019, 09:49 AM #9
- Join Date
- May 2018
- Posts
- 70
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03-27-2019, 03:08 PM #10
- Join Date
- Apr 2015
- Posts
- 206
Hes approved for a reverse consolidation but he is only interested in a true payoff.
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