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  1. #1

    Generally Speaking

    Does anyone know of a funder that will fund a multiple of monthly revenue ?
    Example: merchant grosses $20K/mo, will a funder fund $30K, with monthly repayment schedule?
    Thanks.

  2. #2
    Senior Member Reputation points: 39157
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    No. You are asking the wrong question. I respect you for asking, but you need some real guidance on how this works.

    Funders purchase a SMALL percentage of future receivables based on past deposits... because, well - they need the business owner to stay in business and be able to make payments.

    So, if a merchant grosses 20k - who's to say what he actually keeps (profits)? 20%? So, 4k a month average balance in the account... looks a hell of a lot better than the guy who keeps 0 (or 10 nsfs) in his balance.

    How's his personal credit? Ever defaulted? Have other positions? All of these questions determine what can be done...

    What does he even want the money for?

    Im answering in the true spirit of this forum, to HELP YOU... so if you want it, here it is.

  3. #3
    Senior Member Reputation points: 69645
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    Quote Originally Posted by CapCity View Post
    Does anyone know of a funder that will fund a multiple of monthly revenue ?
    Example: merchant grosses $20K/mo, will a funder fund $30K, with monthly repayment schedule?
    Thanks.
    There are (Myself included but very rarely)

    I had a merchant doing 40k per month, 860 credit balances 50k+ every day and had Payment history. We gave 50k. It all depends on the scenario.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  4. #4
    Senior Member Reputation points: 51397 DTFdowntofund's Avatar
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    With substantial equity in lien with a collateral or asset based product. That's about it, bc to circle back to what Steven said above, it is a purchase of future receivables, and the logistics won't add up any way you shape it otherwise.

  5. #5
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    LoanMe does this.
    Trying to figure out their formula is mind numbing.

    Files that look great they decline, files that look like **** they approve for 200% monthly rev.

  6. #6
    Senior Member Reputation points: 51397 DTFdowntofund's Avatar
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    Quote Originally Posted by ryan $ View Post
    LoanMe does this.
    Trying to figure out their formula is mind numbing.

    Files that look great they decline, files that look like **** they approve for 200% monthly rev.
    They just got bought out.. not sure if it will impact their current product scope / eligibility. Something to take into consideration IMO

  7. #7
    Senior Member Reputation points: 24
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    well said. They do sometimes come through with
    much higher than expected approvals.

  8. #8
    Senior Member Reputation points: 24
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    yes loanme all day. Quick and efficient. Higher approvals but lower commissions. Havent used them in a while but ask for jason chalarca. Very good.

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