[Michael Slabitcher]

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

[ryan $]

That would be a 0 Net Rule.

[Michael Slabitcher]

That would be a 0 Net Rule.

Have you funded a merchant under this rule?

[J.Celifarco]

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

Rapid and Principis are my got to for these types of deals

[Michael Slabitcher]

Rapid and Principis are my got to for these types of deals

What's Principis' net rule?

[ryan $]

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

[J.Celifarco]

What's Principis' net rule?

I believe Rapid is 35% net and Principis is 30%

[Michael Slabitcher]

I believe Rapid is 35% net and Principis is 30%

John,

May I have the contact info for your account manager over at Principis?

[Lendvo]

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

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.

[Sachip24]

IOU i think still has 0-net program, at least they used to

[Zonefund]

Rapid and Principis are my got to for these types of deals

Stray far from Principis.

Rapid has called my apps 45 days later.

Be wary bud. Quarterspot has a low % net rule, as do others, just do some research..