Results 1 to 22 of 22
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02-17-2020, 08:23 AM #1
- Join Date
- Feb 2020
- Posts
- 8
Payoff 2 positions!
Greetings. I am new to this forum. We specialize in equipment financing (broker). I have a very good customer of mine. Trucking and construction services. 690 fico. 12 years TIB. Owes about 45k to ondeck and about 65k to credibly. Wants to consolidate. Wants better cashflow. He will take more money, but doesnt have to. Deposits about 250k a month. Looking for 15+ months with a low buyrate. Any help is appreciated. Thank you.
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02-17-2020, 08:32 AM #2
- Join Date
- Feb 2020
- Posts
- 8
I guess 12 months would work to with a low rate. Not looking to make alot.
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02-17-2020, 10:49 AM #3
- Join Date
- Oct 2019
- Posts
- 49
Morning Boston,
We can consolidate! I've included our guidelines & my contact information is below.
PREMIUM / STANDARD
3 - 10 MONTHS / 3-9 MONTHS
1.15 - 1.25 BUYRATES / 1.21 - 1.32 BUY RATES
UPSELL TO 15 POINTS / UPSELL TO 12 POINTS
BUYOUT INTO 1st POSITION / BUYOUT INTO 1st AND 2nd POSITION
1st AND 2nd POSITIONS / 1st - 3rd POSITION
DAILY / WEEKLY OPTIONS AVAILABLE / DAILY / WEEKLY OPTIONS AVAILABLE
675 MINIMUM FICO / 550 MINIMUM FICO
30k MINIMUM MONTHLY SALES / 10k MINIMUM MONTHLY SALES
UP TO 2 DAYS NEGATIVE / UP TO 5 DAYS NEGATIVE
30 MONTHS MINIMUM TIME IN BUSINESS / 12 MONTHS MINIMUM TIME IN BUSINESS
John Galante
The Smarter Merchant
ISO Relations
C: 347-377-1273
P: 888-262-7171
F: *646-219-2731
www.thesmartermerchant.com
Visit The Smarter Merchant's Facebook page: https://www.facebook.com/groups/thesmartermerchant/
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02-18-2020, 11:36 AM #4
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-18-2020, 01:55 PM #5
- Join Date
- Feb 2020
- Posts
- 8
Thanks for the reply. Mcaguru are you mantis? Is there a website for mantis or is it cresthillcapital.com? Or possibly send me your products to chad@ironfunding.com
please and thank you.
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02-18-2020, 04:48 PM #6
- Join Date
- Oct 2016
- Posts
- 4,318
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02-18-2020, 05:14 PM #7
EVERYONE is waiting to see how he responds to this one....I am sure he is going to try and keep it in private DMs with you however...God forbit the truth gets out.
BTW, Mantis/Cresthill will NEVER offer you what you are asking for (honestly, might be a stretch to get it anywhere)
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02-19-2020, 01:52 AM #8
- Join Date
- Feb 2020
- Posts
- 8
Thanks for the responses. We just need some direct funders we can trust. I work with only direct banks in the equipment space. I have a few working capital funders we trust. But need a few more. To anyone watching this post. I did NOT get another response from mcaguru, or any Mantis or cresthill. This particular loan doesnt matter really, again just looking for a handful of good direct funding sources to do business with. Thank you. Send your products to chad@ironfunding.com.
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02-19-2020, 09:22 AM #9
- Join Date
- Jun 2017
- Posts
- 2,049
I actually have quite a few shops I work with like yours.
First and foremost, I'm a Broker. Fund a tiny bit in house (but high risk short term stuff)....But it may be beneficial to work with a Broker like me who can shop your deals for you and get approvals while you focus on your main business.
Just a thought.
I do 80/20 Commission Share. PM me if your Interested.
And it goes both ways, Ill throw you Equipment deals cause that is not what I focus on.
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02-19-2020, 12:15 PM #10
- Join Date
- Feb 2020
- Posts
- 8
At least you admit your a broker lol. The lack of integrity I am finding on this site is horrible. Thank you.
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02-19-2020, 12:58 PM #11
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-19-2020, 12:59 PM #12
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-19-2020, 01:58 PM #13
- Join Date
- Aug 2016
- Posts
- 831
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02-19-2020, 02:10 PM #14
also when did you start paying off existing advances. This thread was specifically started with someone needing to payoff existing positions.. That is not something Mantis does unless I missed something
John 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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02-19-2020, 03:18 PM #15
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02-19-2020, 08:46 PM #16
- Join Date
- Feb 2020
- Posts
- 8
Im starting to see this lol. If anyone needs help with equipment loans I am MORE than happy to give up the names of direct funding sources. Seems the working capital industry is as shady as 12 years ago when everyone was trying to get in on reo portfolios of defaulted mortgages. Everyone says they are direct or a lender, then they get your deal and shop it all over creation. The equipment leasing business is nothing like this industry.
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02-20-2020, 04:39 PM #17
- Join Date
- Feb 2020
- Posts
- 4
Hi I can legally restructure these for him, where it will not affect his credit . Cut his payment in half and have one payment. Call me or email me..
Mike Tiedemann
Bilderberg Business Lenders
732-608-7888
michaelt@bilderbergbusinesslenders.com
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02-20-2020, 11:26 PM #18
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- Nov 2019
- Posts
- 53
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02-21-2020, 09:43 AM #19
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- Feb 2020
- Posts
- 8
Thank you
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02-21-2020, 10:40 AM #20
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- Oct 2016
- Posts
- 4,318
In theory, you could go to one of the big A paper players and hopefully qualify for $230,000 to meet the net qualifications. But with industry risk the chances of that happening are so incredibly slim.
Is there any reason he’s not factoring? Seems like he should have the invoices to buyout those MCAs.
Also, ask Marcus if Cresthill is A brokerage.
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03-31-2020, 11:48 PM #21
- Join Date
- Mar 2020
- Posts
- 160
President
Bilderberg Business Lenders
732-552-5010
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04-26-2020, 05:12 AM #22
- Join Date
- Aug 2018
- Posts
- 882
He does 80/20 and will keep your renewals or hide points. Who the f*** pays 80% for the amount of work it takes on any deal to close it?
Ryan you're one of the best brokers out there, if you really pay out 80 without holding anything back or sneaking in renewals or stacking a deal via another company behind the referring companies back, then you must not close many deals, which doesnt seem to be the case.
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