Results 1 to 6 of 6
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05-16-2019, 03:11 PM #1
Funding Options | Buyouts | Suggestions
DF,
I have a merchant who owes approximately 50k to Biz Fund & Lendini, as well as being funded on the 19th of April for 38k BY EBF. Does anybody want to take a crack at this? What can be done? I was thinking a buyout. Let me know!
Industry: Organic Food Delivery
Revenue: Over 100k / Month.5920 18TH AVENUE BROOKLYN NY 11204 | don@vvsfunding.com | www.vvsfunding.com
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05-16-2019, 03:18 PM #2
sounds like merchant owes about $100K to three funds. Does "over 100K" (is that like $125K, or 625K?)
If they are not doing $200-250 per month, I do not see a buyout happening.
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05-16-2019, 03:20 PM #3
- Join Date
- Aug 2018
- Posts
- 17
Depending on their receivables balance, we could potentially propose a factoring deal that would include a buyout of both merchants. Happy to take a look if they want to consider this route.
Alyssa Akins, COO | Evergreen Funding, Inc. | alyssa@evgfunding.com | 888-344-7522, ext. 101 | www.evgfunding.com
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05-16-2019, 03:32 PM #4
We don't buy anyone out, but if he is willing and able to accept another position, sounds like something i can offer on
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05-16-2019, 03:33 PM #5
We can give you a fourth if there is room, it depends on his payments.
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05-17-2019, 10:40 AM #6
- Join Date
- Dec 2018
- Location
- 48 Wall St. New York, NY 10005
- Posts
- 271
We can definitely take a look at this one. Reach out if you'd like to discuss the deal further.
Jeff Pecori
ISO Relations manager
VitalCap Fund
48 Wall St. New York, NY 10005
P. 850.630.7509
F. 646.219.7949
jeff@vitalcapfund.com
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