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  1. #1

    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+

  2. #2
    Senior Member Reputation points: 216519
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    Why not factor the invoices instead of focus on a reverse? Is this person a B2C or B2B?

  3. #3
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    Quote Originally Posted by abfunders View Post
    Why not factor the invoices instead of focus on a reverse? Is this person a B2C or B2B?
    Probably because he stated that their is $250K of unpaid invoices which probably makes a lot of the AR ineligible......
    Hedley Lamarr......That's Hedley

  4. #4

  5. #5
    Senior Member Reputation points: 216519
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    Quote Originally Posted by Josh1810 View Post
    B2b
    Like Kevin said, find out the invoices are factorable, get his aged AR, figure out what's factorable and amazingly enough - it's no longer high risk!

  6. #6
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    Get a detailed AR aging sorted by invoice date! Never use a summary.
    Hedley Lamarr......That's Hedley

  7. #7

  8. #8
    Senior Member Reputation points: 51397 DTFdowntofund's Avatar
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    Did you ever end up getting this done? If not, PM me.

  9. #9
    We can work on this. Need payments to be at 50% what it was at origination
    Michael Christman
    Direct - (718)701-1805
    mike@gandgfunding.com

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