Results 1 to 11 of 11
-
08-26-2019, 10:01 AM #1
- Join Date
- Dec 2017
- Posts
- 277
Lowest Net Rule
2 positions with balances totaling $59,000.
Restaurant averaging $63,000 for past 3 months.
I am aware the balances are too high at this time to refinance but what funder has the lowest net rule?
Thank you in advance,
Mike
msla*****er@sla*****er.com
-
08-26-2019, 10:13 AM #2
- Join Date
- Jun 2017
- Posts
- 2,049
That would be a 0 Net Rule.
-
08-26-2019, 10:19 AM #3
- Join Date
- Dec 2017
- Posts
- 277
-
08-26-2019, 10:21 AM #4John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
-
08-26-2019, 10:32 AM #5
- Join Date
- Dec 2017
- Posts
- 277
-
08-26-2019, 10:39 AM #6
- Join Date
- Jun 2017
- Posts
- 2,049
I dunno about Rapid, Just had a Merchant who had to Pay down on his own for a Renewal to Fund.
They definitely wont let a merchant net 0
-
08-26-2019, 10:53 AM #7John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
-
08-26-2019, 11:20 AM #8
- Join Date
- Dec 2017
- Posts
- 277
-
08-26-2019, 11:45 AM #9
- Join Date
- Jul 2015
- Posts
- 168
Lendvo has a 0-net rule.
That doesn't mean a stright-refi like this is easy though. On this file we wouldn't even consider a zero-net until the balances were down to $50k. We'd also need to be able to save the merchant a lof of money in terms of cash drain from debt servicing.
Could be easier though if merchant was willing to switch processing and can show a profitable 2018 corp return.
-
08-26-2019, 12:07 PM #10
- Join Date
- Jan 2014
- Posts
- 1,380
IOU i think still has 0-net program, at least they used to
-
08-27-2019, 08:31 PM #11
- Join Date
- Aug 2018
- Posts
- 882
Similar Threads
-
0% Net Rule for Consolidation
By Michael Slabitcher in forum Merchant Cash AdvanceReplies: 34Last Post: 10-23-2018, 03:28 PM -
Who doesnt have a net 50% rule
By JMB in forum Deal BinReplies: 4Last Post: 07-24-2018, 11:40 AM -
DOL Fiduciary Rule Struck down
By Karen37a in forum Merchant Cash AdvanceReplies: 2Last Post: 03-26-2018, 07:27 AM -
Why the 50% rule on a payoff? And do all have this rule?
By upperlinecap in forum Merchant Cash AdvanceReplies: 8Last Post: 02-20-2015, 11:53 AM -
Spam Alert - Rule Reminder
By admin in forum Merchant Cash AdvanceReplies: 0Last Post: 09-10-2014, 03:48 PM