Results 1 to 9 of 9
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02-11-2021, 12:03 PM #1
- Join Date
- Feb 2019
- Posts
- 96
Paying off balances
Since covid most funders who use to payoff other funders have stopped due to obvious reasons. Does anyone still do it?
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02-11-2021, 12:04 PM #2
- Join Date
- Dec 2016
- Posts
- 379
Greenbox is supposed to be paying me off today. McKenzie has paid me off a few times.
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02-11-2021, 12:33 PM #3
- Join Date
- Aug 2016
- Posts
- 275
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02-11-2021, 12:50 PM #4
- Join Date
- Jan 2021
- Posts
- 13
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02-11-2021, 12:59 PM #5
- Join Date
- Dec 2016
- Posts
- 379
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02-11-2021, 06:47 PM #6
- Join Date
- Apr 2020
- Posts
- 54
Fundworks pays off
Also Kalamata has paid off balances in the past few months
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02-12-2021, 08:28 AM #7
- Join Date
- Aug 2020
- Location
- New York, NY
- Posts
- 123
ClearFund has paid off balances in the past, depending on the file of course, and also very much depending on whom we’re paying off, but if the merchant is good for it we’ve consolidated up to 3 positions in the past. (Not reverse consolidations, we don’t do that)
It would depend on balances with the current positions, length of MCA payment history, whom were paying off, gross approval amount, net to the merchant, etc.
Thanks.
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02-12-2021, 10:19 AM #8
- Join Date
- Sep 2016
- Posts
- 49
RDM will pay off other funders, provided that merchant can net 50% and payments are back up to contracted rate for a minimum of 4 weeks
Avraham Sharaby
Director of Business Development
Fintap
777 Passaic Ave, Suite 375
Clifton, NJ 07012
Phone: 973-500-6692
Cell: 443-416-2765
Asharaby@Fintap.com
www.Fintap.com
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02-12-2021, 10:25 AM #9
- Join Date
- Dec 2017
- Posts
- 20
Business Capital Providers will pay off up to 2 positions merchant has to net 40-50% no restrictions on the lenders who we pay off. (Not reverse consolidations, we don’t do that)
$100K total pay off cap.__________________________________________________ __________________________________________________ __________________________________________________ __________________________________________
David Stewart
Director of Business Development
Business Capital Providers
Office:954-364-7764
Mobile:954-937-1218
david@bcproviders.com
bcproviders.com
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