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10-29-2019, 12:55 PM #1
Who is this funder?
I just received this "counter" from a merchant my rep is competing on. The sales rep sent the client this proposal, which smokes ours:
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I am going with another company. Below is what they offered to me. I am only taking $100,000 from them which will be at the factor of 1.24.
OPTIONS:
Funded Amount Payback Factor Rate Payment Amount TERM
$190,000.00 $235,600.00 1.24 $1,682/day 7 month term (140 daily payments M-F, excluding holidays)
$190,000.00 $241,300.00 1.27 $1,508/day 8 month term (160 daily payments M-F, excluding holidays)
$190,000.00 $243,200.00 1.28 $1,343/day 9 month term (180 daily payments M-F, excluding holidays)
$190,000.00 $247,000.00 1.30 $1,235/day 10 month term (200 daily payments M-F, excluding holidays)
$190,000.00 $250,800.00 1.32 $1,140/day 11 month term (220 daily payments M-F, excluding holidays)
DEAL BENEFITS:
Strong early prepay
Add-ons available within 60 days after funding, renewal at 40%
Interest is forgiven at renewal (the unpaid interest), as long as you have stellar payment history
Won't affect personal credit. This will build business credit though since it is an advance
3 hour funding time, no COJ needs to be notarized
Processing fee including the closing costs is $999 for any of these options.Zachary Ramirez CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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