Results 1 to 15 of 15
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11-18-2020, 08:57 AM #1
- Join Date
- Jun 2018
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- 24
Reverse consolidation
Looking for a funder that would offer a reverse consolidation for a merchant that has positions going out 8-11 months.
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11-18-2020, 09:44 AM #2
I think a better way to present that would be to explain the total amount that would need to be consolidated and how many positions they currently have.
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11-18-2020, 09:54 AM #3
- Join Date
- Jun 2018
- Posts
- 24
All other info/data is irrelevant if the funder wont go out that long.
Most funders that are still doing reverse consolidations, will not reverse positions going out more then 7 months.
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11-18-2020, 10:11 AM #4
- Join Date
- Feb 2016
- Posts
- 245
I don't think anyone ever did reverses longer than 8 months. There might have been a deal or 2 that received longer, but it wasn't common.
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11-18-2020, 10:33 AM #5
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- Jun 2018
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- 24
Par did
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11-18-2020, 10:37 AM #6
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11-18-2020, 03:40 PM #7
We will do partial consolidations so this may be in our wheelhouse
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11-18-2020, 05:49 PM #8
- Join Date
- Jun 2018
- Posts
- 24
We had the file sent to your team.
Lets see what you can do
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11-19-2020, 04:46 PM #9
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- Jun 2018
- Posts
- 24
Submitted and declined due to - terms are too long for consoidation at this time.
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11-19-2020, 04:51 PM #10
- Join Date
- Aug 2016
- Posts
- 831
no one does a reverse on 11 month deal, come on david
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11-20-2020, 12:58 AM #11
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- Oct 2020
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- 129
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12-22-2020, 05:37 PM #12
- Join Date
- Jan 2018
- Posts
- 9
QFS Capital would likely do a partial consolidation. Let me know if you need contact info.
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12-23-2020, 08:38 AM #13
Fundrite, ML Factors, The LCF Group can all do "out of the box" reverses. Not sure if they have capacity to go out this far in term, but it might be worth reaching out to them to discuss the file.
Others that can do but probably would not be able to offer the requested term are Coolidge, Premiere Capital Funding, Silvercup Funding, and Silverline.
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12-29-2020, 10:17 AM #14
- Join Date
- Jun 2017
- Posts
- 2,049
With LCF they need an LCF position tho
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12-29-2020, 02:21 PM #15
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
[QUOTE=SarahG;147623]Looking for a funder that would offer a reverse consolidation for a merchant that has positions going out 8-11 months.[/Q
I've seen GFE (Global Funding Experts) make some creative offers for this type of situation. I believe they are closed until Jan 4th or have suspended taking on more deals until then.
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