Results 1 to 25 of 41
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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:
Capture123.JPG
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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10-29-2019, 01:08 PM #2
- Join Date
- Mar 2016
- Posts
- 908
Looks like Snap no?
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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10-29-2019, 01:11 PM #3
- Join Date
- Feb 2017
- Posts
- 3,455
Is this part true:
• 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
.... Only Breakout does unpaid interest forgiven at renewal.
.... And who reports to business credit except Breakout?
It's not Breakout, since they were offered "add-ons" and Breakout does do "add-ons."
I think this a broker's dream of a plain old white vanilla MCA.
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10-29-2019, 01:12 PM #4
- Join Date
- Dec 2013
- Posts
- 4,713
Zach!
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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10-29-2019, 01:20 PM #5
What's up guys! One thing to note is that this deal is also a 3rd position.
Zachary Ramirez CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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10-29-2019, 01:21 PM #6
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10-29-2019, 01:23 PM #7
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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10-29-2019, 01:24 PM #8
- Join Date
- Mar 2016
- Posts
- 908
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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10-29-2019, 01:29 PM #9John 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
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10-29-2019, 01:36 PM #10
- Join Date
- Apr 2019
- Posts
- 318
thats a mantis offer all day.
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10-29-2019, 01:45 PM #11
- Join Date
- Mar 2016
- Posts
- 657
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10-29-2019, 01:54 PM #12
- Join Date
- Sep 2014
- Posts
- 68
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Francis D. Decelle
President
Terrapin Financial Services, Inc
Mobile - 917.797.9710
Office - 718.766.5408
main@terrapinfunding.com
www.terrapinfunding.com
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10-29-2019, 02:03 PM #13
- Join Date
- Dec 2013
- Posts
- 4,713
The Size Offer can deff be Mantis as we make (Many!) Millions per day in offers.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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10-29-2019, 02:07 PM #14
- Join Date
- Aug 2019
- Location
- Recently un-retired, "shocked" that nothing has changed.
- Posts
- 116
GFE/Global?
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10-29-2019, 02:27 PM #15
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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10-29-2019, 02:35 PM #16
- Join Date
- Jun 2019
- Posts
- 287
I don't know but would love to get to know them lol
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10-29-2019, 02:39 PM #17
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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10-29-2019, 02:54 PM #18
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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10-29-2019, 03:13 PM #19
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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10-29-2019, 03:14 PM #20
- Join Date
- Mar 2016
- Posts
- 908
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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10-29-2019, 03:23 PM #21
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
What some don't realize..... We close a lot of factoring transactions every year in various sizes all over the country. We also do a lot of ABL. Tt does not stop at the initial funding.....we are funding those companies all year long. Example: IF we close a $5mil factoring facility for a 30Mil company. The initial closing/funding occurs and then we are funding (usually) weekly all of their invoices throughout the year. They are revolving facilities.....
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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10-29-2019, 03:31 PM #22
The "This will build business credit though since it is an advance" is misleading. 'since it is an advance' is not accurate, otherwise they are saying all advances would build business credit.
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10-29-2019, 04:27 PM #23
- Join Date
- Oct 2016
- Posts
- 4,318
Sign the contracts. At that point underwriting will mysteriously find some issue that will cause the offer to be revised to $65,000 @1.49 over 80 payments.
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10-29-2019, 05:05 PM #24
- Join Date
- Jun 2019
- Posts
- 287
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10-29-2019, 05:20 PM #25
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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