[upperlinecap]

Have a merchant with an existing 1st position of $26k, paying $200 per day.

I have a new 1st position offer that merchant likes for $44k, the new deal will lower daily payment by approx $100 a day. But this new offer can only go through if merchant nets 50%. So the merchant's existing balance needs to be down to $22k for this new deal to work. Merchant does NOT want to take a 2nd position. But also can't wait another 20 days to get the new deal. And he doesn't have $4k to pay down the balance himself.

Are there any funders that will do a very small ultra-short term deal paid directly to the existing funding company in order to get the merchant's balance below the required threshold. For example, would anyone do $5k and get paid back in 1 to 3 days at a 1.2x after new deal funds--funds would go directly to the existing funding company, not to the merchant... I know this would be a lot of work for such a small deal and I know a lot could go wrong and the merchant could end up not getting the new deal if the new lender kills it for some reason...so maybe not worth it...but just wondering if any funders do or would do something like this? Please DM if so..thanks

[Lmonus]

So someones offering 44k at $100 daily? That's basically a 3 year deal... Are you sure?

Also, someone funding the deal for 5k to lower his current funders balance will only move the debt from funder A to funder B. The 44k offer will now need to pay off two positions instead of one and the deal will die. I don't think this is a scenario that you should take or one that is even possible.

Have the merchant wait a week or two and take the 44k, or scramble to find 3-4k to lower his own balance without taking on more debt in the meantime.

Good luck man.

[ryan $]

So someones offering 44k at $100 daily? That's basically a 3 year deal... Are you sure?

Also, someone funding the deal for 5k to lower his current funders balance will only move the debt from funder A to funder B. The 44k offer will now need to pay off two positions instead of one and the deal will die. I don't think this is a scenario that you should take or one that is even possible.

Have the merchant wait a week or two and take the 44k, or scramble to find 3-4k to lower his own balance without taking on more debt in the meantime.

Good luck man.

What Lior Said.

Also. I just Had a Merchant Pay Down a Rapid Deal HIMSELF, so He could be ready for a renewal.

He just GETS the money right back...... at Funding... If you think about it, and explain it right.

[Michael I]

So someones offering 44k at $100 daily? That's basically a 3 year deal... Are you sure?

Also, someone funding the deal for 5k to lower his current funders balance will only move the debt from funder A to funder B. The 44k offer will now need to pay off two positions instead of one and the deal will die. I don't think this is a scenario that you should take or one that is even possible.

Have the merchant wait a week or two and take the 44k, or scramble to find 3-4k to lower his own balance without taking on more debt in the meantime.

Good luck man.

i think he is trying to fool the funder so they will fund and than pay you back .

[Sachip24]

who gave a 3yr deal on 44k? ...you can also see if funder will just up amount by 4k to make deal work. Its the end of the month they may be wiling to