FUNDERS! Merchant looking for better deal on renewal.
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  1. #1

    FUNDERS! Merchant looking for better deal on renewal.

    Hello,

    Merchant:

    1st Position. Balance: $8,980.00 (estimate) Daily $195.00 About 25% paid in

    2nd Position. Balance: $8,700.00 (estimate) Weekly $308.00

    Line of credit Fundbox. 5k limit. Balance $2,900 (estimate)


    Bank statements strong. 30k plus monthly deposits. No overdraft or NSF. Average daily balance above $1,000.


    Merchant is looking to consolidate the 1st position so he doesn't have a daily payment high as $195.00.
    Ideally a weekly of $400 would be great.

    What would be the best option here?

    Please limit sarcastic and doom and gloom responses.

  2. #2
    Senior Member Reputation points: 91418
    Join Date
    Sep 2019
    Posts
    402

    Quote Originally Posted by NewFunder80 View Post
    Hello,

    Merchant:

    1st Position. Balance: $8,980.00 (estimate) Daily $195.00 About 25% paid in

    2nd Position. Balance: $8,700.00 (estimate) Weekly $308.00

    Line of credit Fundbox. 5k limit. Balance $2,900 (estimate)


    Bank statements strong. 30k plus monthly deposits. No overdraft or NSF. Average daily balance above $1,000.


    Merchant is looking to consolidate the 1st position so he doesn't have a daily payment high as $195.00.
    Ideally a weekly of $400 would be great.

    What would be the best option here?

    Please limit sarcastic and doom and gloom responses.
    joe@superfastcapital.com will get it done now.

  3. #3
    Senior Member Reputation points: 5448
    Join Date
    May 2018
    Posts
    199

    Did you find a home for this file?
    Charles Frazier
    President
    Sapphire Capital Group
    p: 917-781-2232
    m: 917-783-5634
    w: www.Sapphirecapgroup.com

  4. #4
    Senior Member Reputation points: 25752
    Join Date
    Apr 2015
    Posts
    300

    LMAOO GOOD LUCK FINDING HIM A BETTER DEAL -when he is 25% paid in - any way u slice it the merchant will be taking a crap deal

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