[CashAdvanceKing]

Hello, I have a client located in COLORADO that is seeking to re consolidate on their existing loans. The merchant averages 680k a month. Very Healthy ending and average bank balance.

The merchant took out a QS deal in March for 150k over 15 months and in April took out an additional 100k from Everest over 8 months. The merchant would ideally like to have a company consolidate the two loans and offer him a monthly payment. However, the client would still take a daily payment deal if it will lower the clients payments.

What direct funders will consolidate this deal?

[abfunders]

Keep in mind, Quarterspot has no prepayment penalty, he can pay off the balance at any time he wants. So the consolidation should be easier than you think.

Help us help you place it:

- What's the industry?
- What's the FICO like?
- Is there any collateral to utilize?

[CashAdvanceKing]

Retail Hardware Store, FICO is above 680. In regards to collateral, the merchant would like to stay away from collateralize anything but I am sure he will be open to it if thats the only option.

[abfunders]

My experience is that people who say "no collateral" mean "non recourse" since they don't want to put up their house as collateral. But if it's a business loan, why not use the inventory or the building (if he owns it)?

[CashAdvanceKing]

Thats your opinion. I told you what I was seeking, and that wasnt a conversation with you Micah. Now back to business, is there Anyone else who knows lenders that can consolidate.

[J.Celifarco]

what is the total existing balance right now between the 2 advances. If the total is under 150k you have a chance to consolidate both if not I would look to refi the second position and get that done over longer then the 8 months he is currently on

[omegafund]

http://smallbizlending.org/colorado-lenders-grid/

Why did the merchant not get that in the first place. To get this refinance go out of the MCA world
If you need assistance reach out or have fun with the above list

[Jayson Yunason]

Hello, I have a client located in COLORADO that is seeking to re consolidate on their existing loans. The merchant averages 680k a month. Very Healthy ending and average bank balance.

The merchant took out a QS deal in March for 150k over 15 months and in April took out an additional 100k from Everest over 8 months. The merchant would ideally like to have a company consolidate the two loans and offer him a monthly payment. However, the client would still take a daily payment deal if it will lower the clients payments.

What direct funders will consolidate this deal?

Strong ending daily’s
Jayson@mradvancellc.com
I can fund your deal
8 points on reverses