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01-20-2021, 02:59 AM #1
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,921
You are a total jackass - the original post was asking for $750,000 to $1,000,000 -
No one asked for your 1 cent opinion -
1st that is a large spread - How many MCA Funders would accept that risk?
The cost of that capital to the business owner is how much?
What is the business owners exit strategy? Do they have the resources to repay the advance?
Until an Underwriter has those facts - no one can provide an answer.
An OPTION would be an SBA Loan - If the merchant qualified or a Private Funder would be a secondary option.Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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01-20-2021, 09:48 AM #2
- Join Date
- Jul 2017
- Posts
- 548
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01-20-2021, 12:50 PM #3
- Join Date
- Mar 2018
- Location
- Salt Lake City, UT
- Posts
- 86
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01-20-2021, 01:48 PM #4
- Join Date
- Jul 2017
- Posts
- 548
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01-21-2021, 10:21 AM #5
- Join Date
- Jan 2021
- Posts
- 13
Are you still looking for funding for your client? If so, GetBackd may be able to help.
Feel free to email or call me at mia@getbackd.com / 702-726-1635
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01-21-2021, 10:39 AM #6
- Join Date
- Jul 2017
- Posts
- 548
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01-21-2021, 11:13 AM #7
- Join Date
- Jan 2021
- Posts
- 13
I can assure you we're not. We just have unique guidelines and a file must truly be an A paper in order to get a solid approval.
I would love the opportunity to rebuild your trust in our company
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