Results 1 to 9 of 9
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01-05-2021, 02:50 PM #1
- Join Date
- Sep 2020
- Posts
- 52
High risk reverse
Merchant was paying 7700 a week in dailys to two funders, started having issues due to 250k+ in unpaid invoices. wanted to do a partial reverse on the balances of 33 and 151, was told that is too early, took a deal from reverse funder that was meant to be used for payments until he would be eligible for the reverse, at which time the reverse funder wouldnt reverse the new position, but would add the payback to the back end of the reverse payback. reverse funder allowed merchant to lower with merchant having the impression that it wouldnt harm the upcoming reverse. now reverse is off the table. i can have merchant bring payments back up to allow for a reverse if someone is interested. had and has good funders in the deal. merchant can currently support a reverse consolidation paying up to 5k a week. total weekly debits to be reversed are 11700, now that the third position will be reversed.
daily funder is last resort, this file is a paying merchant that will reward the funder that is willing to do a risky reverse. if anyone has any other possible ideas, that can work as well
dec real revenue is 160, plenty of deposits, average balance is 20k
nov real revenue is 176, plenty of deposits, average balance is 20k
oct real revenue is 260, plenty of deposits, average balances is 40k+
sept real revenue is 350 plenty of deposits, average balance is is 50k+
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01-05-2021, 03:03 PM #2
- Join Date
- Feb 2017
- Posts
- 3,464
Why not factor the invoices instead of focus on a reverse? Is this person a B2C or B2B?
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01-05-2021, 03:12 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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01-05-2021, 03:23 PM #4
- Join Date
- Sep 2020
- Posts
- 52
B2b
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01-05-2021, 03:51 PM #5
- Join Date
- Feb 2017
- Posts
- 3,464
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01-05-2021, 03:58 PM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Get a detailed AR aging sorted by invoice date! Never use a summary.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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01-05-2021, 04:07 PM #7
- Join Date
- Sep 2020
- Posts
- 52
copy
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01-21-2021, 12:21 PM #8
Did you ever end up getting this done? If not, PM me.
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01-21-2021, 12:36 PM #9
- Join Date
- Sep 2020
- Posts
- 26
We can work on this. Need payments to be at 50% what it was at origination
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