Merchant seeking 250k, does approx. 300k monthly …fund this?
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  1. #1
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    Merchant seeking 250k, does approx. 300k monthly …fund this?

    Home builder, tib 1997....gets really good rates so far, will only take good rate and long terms..can you fund this?

  2. #2
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
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    National likes this industry but merchant probably won't like the rates.

    BlueVine, Credibly, OnDeck potentially if they're OK with MCA cost. BV will go ~1.08 on a short term. ARF also posted about a new interest-only product so that could be worth exploring.

    Hard money is also an option if they would leverage properties they own with enough equity.

  3. #3
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    Quote Originally Posted by nationalcorporatedata View Post
    national likes this industry but merchant probably won't like the rates.

    Bluevine, credibly, ondeck potentially if they're ok with mca cost. Bv will go ~1.08 on a short term. Arf also posted about a new interest-only product so that could be worth exploring.

    Hard money is also an option if they would leverage properties they own with enough equity.

    arf?

  4. #4
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    is this the same deal as the one you posted about earlier?
    the one that was closed during covid ?

    would save alot of time if you disclosed if the merchant is currently working and making rev.
    most people would not touch it if merchant just opened back up after a few months of not working.

    also, not trying to be a jerk, but no need to post 3 separate threads about 1 deal
    Last edited by Akanner; 12-17-2020 at 10:08 AM.

  5. #5
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
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    Quote Originally Posted by Iscibibi153 View Post
    arf?
    ARF Financial -- www.arffinancial.com

    https://dailyfunder.com/showthread.p...rgency-funding!

    Originally American Restaurant Funding (or something thereabout) then rebranded when they began expanding to other verticals. They were one of the original funders in the industry to offer concurrent draws.

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