Results 1 to 2 of 2
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01-22-2020, 03:57 PM #1
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
Home Health Care looking for 20k-60k
This merchant has the following:
2 paypal loans for a total of 68k monthly payments 2200
Blue vine $14k $690 weekly
Fundbox $10k $717 weekly
Kabbage $19k $4117 monthly
He does $1.2 mill a year in gross
No real estate or hard assets to speak off.
He wants to get rid of the weekly payments.
I dont think i can do anything here but wanted to see if there were any other thoughts.I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
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01-23-2020, 10:12 AM #2
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
If it were me I would offer a 7A SBA Loan as a long term solution (up to $500k with no real estate). However, I suspect he won't want to wait, so I would still try to get him qualified at Rapid or some funder that has reasonable rates. Rapid will pay off 2 positions and only offer first position loans, and must net at least 35% of the funds. Here are their latest rules.
THEY PAY OFF PAYPAL/SWIFT/LOAN BUILDER
THEY CAN LEAVE KABBAGE AS WELL AS FUNDBOX AND ON DECK LOC PRODUCTS IN PLACE IF AGGREGATE BALANCE IS UNDER $50K
THEY PAY OFF ALL BLUEVINE POSITIONS OVER 50K THAT ARE DAILY OR WEEKLY – THEY CAN LEAVE MONTHLY PAYMENTS IN PLACE FOR BLUEVINE
Seems like a viable option in the short term, if it qualifies.... good luck!Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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