Seeking Weekly Payment on a 2nd position
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  1. #1

    Seeking Weekly Payment on a 2nd position

    Hello,
    I have a client who has a retail store in CA. They are seeking a competitive 2nd position, Low rates, Long Terms (over 9 months) and "weekly payments". What direct funder would be best for this deal?

  2. #2
    Quote Originally Posted by CashAdvanceKing View Post
    Hello,
    I have a client who has a retail store in CA. They are seeking a competitive 2nd position, Low rates, Long Terms (over 9 months) and "weekly payments". What direct funder would be best for this deal?
    If this is a clean 2nd with over 30 days payments history, it sounds like a perfect fit for us. We go out up to 44 weeks on 2nd position deals, with buy rates starting at 1.25.

    Please reach out to me on my cell for more info
    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

  3. #3
    Senior Member Reputation points: 6544
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    48 Wall St. New York, NY 10005
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    Hello King, we can take a look at this one for you. Reach out if you'd like to discuss it further.

    Thanks
    Jeff Pecori
    Business Development & ISO Relations

    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 850.630.7509 Ext.101 | F. 646.219.7949
    jeff@vitalcapfund.com

  4. #4
    Veteran Reputation points: 135029 Chambo's Avatar
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    Quote Originally Posted by CashAdvanceKing View Post
    Hello,
    I have a client who has a retail store in CA. They are seeking a competitive 2nd position, Low rates, Long Terms (over 9 months) and "weekly payments". What direct funder would be best for this deal?
    depends on the terms of the first position

  5. #5
    Senior Member Reputation points: 18943
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    so does every merchant. they have to know its on them not on you.. it's not impossible but they need good credit, good balances, 1st position generally would have to be 15-24 months(higher end more likely) and a manageable advance balance

  6. #6
    Senior Member Reputation points: 4118
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    Brooklyn, New York
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    Lending Valley, Inc can take a look at it. We can provide weekly payments on deals as low as $1,000.00. 1st - 3rd position.
    Clark Sica
    Business Development Manager
    Lending Valley, Inc.
    Office Line: 347-478-5161
    Mobile Line:347-536-0528
    Fax: 1-888-850-1971
    www.LendingValley.com

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