Looking for second position buyout
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  1. #1
    Member Reputation points: 1137
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    Looking for second position buyout

    Have a merchant doing about 1.1M-1.4M per month. We just recently got them 400K with Altria at a 1.25 over 15 months. Merchant has another position he would like taken out as daily pulls are high as that's at a 1.40. Has a roughly 250K left on the second and looking for a buyout for a lower daily pull and rate???

  2. #2
    We can stack. Feel free to reach out if you're interested.

    Smart Business Funding
    (866) 737-6278
    bapshil@smartbusinessfunder.com

  3. #3
    Senior Member Reputation points: 337126
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    Quote Originally Posted by jjdcnetrex2 View Post
    Have a merchant doing about 1.1M-1.4M per month. We just recently got them 400K with Altria at a 1.25 over 15 months. Merchant has another position he would like taken out as daily pulls are high as that's at a 1.40. Has a roughly 250K left on the second and looking for a buyout for a lower daily pull and rate???
    What does the company do?
    Hedley Lamarr......That's Hedley

  4. #4
    Sponsor Reputation points: 9187 DannyFoxCap's Avatar
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    Feb 2019
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    Miami, FL
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    250k sounds doable, reach out to go over the deal and for an ISO agreement if you are not already signed up.
    Direct: 347-468-7528
    Cell: 305-753-3967
    Fax: 866-557-0455
    Email: Danny@foxbusinessfunding.com

  5. #5
    We can help out. Feel free to reach out to me directly if you'd like to know more.

    emily@getbackd.com
    www.getbackd.com
    214-208-5390
    Last edited by clowdnine; 01-06-2020 at 04:20 PM.

  6. #6
    Senior Member Reputation points: 203054
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    I think Vital and RDM will buyout 2nd positions

  7. #7
    Senior Member Reputation points: 6278
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    Quote Originally Posted by jjdcnetrex2 View Post
    Have a merchant doing about 1.1M-1.4M per month. We just recently got them 400K with Altria at a 1.25 over 15 months. Merchant has another position he would like taken out as daily pulls are high as that's at a 1.40. Has a roughly 250K left on the second and looking for a buyout for a lower daily pull and rate???
    NOONE in this industry is buying out 250K let alone on a second position lol.

  8. #8
    Quote Originally Posted by Sachip24 View Post
    I think Vital and RDM will buyout 2nd positions
    Thanks for the shoutout. RDM is happy to buy out 2nds (and sometimes 3rds as well) if it make sense and the merchant will net 50%, but usually capped at around $75k total buyout
    Avraham Sharaby
    Director of Business Development

    Fintap
    777 Passaic Ave, Suite 375
    Clifton, NJ 07012


    Phone: 973-500-6692
    Cell: 443-416-2765

    Asharaby@Fintap.com
    www.Fintap.com

  9. #9
    Senior Member Reputation points: 6544
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    48 Wall St. New York, NY 10005
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    Quote Originally Posted by Sachip24 View Post
    I think Vital and RDM will buyout 2nd positions
    Sachip24, thanks for the plug

    We will consolidate 2nd and 3rd's with a net 50% rule. We would need the balance to get down to around $100k - $150k to consider.


    Jeff Pecori • VP of ISO Relations
    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 850.630.7509 | F. 646.219.7949 | jeff@vitalcapfund.com

  10. #10
    This definitely sounds doable if you'd like to email me more info so we can see whats going and move forward
    email: david@perceptioncapital.net
    Or give me a call at: 714-489-5857

  11. #11
    Who do you recommend at Altria for an ISO Relations Manager?

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