[CashAdvanceKing]

Merchant averages 340k montly. Has 2 positions for a combined balance of 200k. Can anyone pay off that balance.

[Kevin Henry-Seacoast]

What industry? $340K/month = at least 500K in AR. 500K in AR = $1Mil factoring facility.

[golf2014]

Why would you post this

[mcaguru]

I dont want to find out Cash advance King is Kevin Henry LOL ...just kidding !!

[Michael I]

Why would you post this

what is the issue with him posting it?

[mcaguru]

All else fails Mantis has been funding NON-STOP!!!!!

[WestCoastFunding]

All else fails Mantis has been funding NON-STOP!!!!!

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.

[Sachip24]

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.

[StealMyDeal]

All else fails Mantis has been funding NON-STOP!!!!!

Marcus, either respond to the thread you started and the new allegations, or don't post at all. In the meantime you have no right to promote yourself or your company on this forum.

[CashAdvanceKing]

Hes approved for a reverse consolidation but he is only interested in a true payoff.