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08-14-2019, 11:19 AM #1
Reputation points: 50583
- Join Date
- Jul 2014
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$10,000 at a 1.45 at 40 days... let's do the math kids... payback is 14,500/40 days - $362.50 a day
$362.50 * 22 days a month $7,975 - Business does average of $22,000 a month
36% of the merchants rev a mo.
But WAIT! Let's add in the fees real quick - $35 wire - 10% org. - $295 UW fee - $8,670 Funded into the acct. For ****s an giggles let's make the funded amount vs. payback a factor - 1.67
Anyone can whip out $5-10k and fund. Is it worth it? How many merchants know how to flip their money? I have so many "micros" looking to buyout or for a second to payback paul.
*Get your merchant a line of credit based on their actual receivables
*Factor the trucking receivables instead of sending them to Mantis to get raped. - Yes Marcus... raped. Instead of talking double digit commissions I want to see the defaults of your trucking companies.
*Vader comes back with some crazy high risk offers and the rate makes you faint
*CFG somehow as soon as they are paid off or shortly after they are back in the deal again
All the rest of you are just putting in pocket money and setting your own rates/terms/and fees.Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
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Always Live and Lead with Integrity.
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