Modified Cash Advance
Need a Funder or Vendor? START HERE

Results 1 to 7 of 7
  1. #1

    Modified Cash Advance

    I have a client who had a modified cash advance but just paid it off and received the pay-off letter. His business brings in $1.2M a year. I did get him an offer for $20K but he wants anywhere from $60K - $100K. Can anyone help with this?

  2. #2
    Senior Member Reputation points: 1519
    Join Date
    Aug 2020
    Location
    New York, NY
    Posts
    123

    Based on the rev you mentioned and dollar amount needed we can potentially make this happen, we constantly fund merchants that have had Modified payments in the past due to COVID.

    Obviously everything else needs to check out as well, and the word “Modified Payments” can have many definitions.

    Send us an email at deals@clearfund.co or partners@clearfund.co

    Thanks.
    Underwriting Desk | ClearFund Solutions | New York, NY.
    P: 855-543-2133 E: deals@clearfund.co W: www.clearfund.co
    _____________________________

    ClearFund is a Direct Funder
    ISO inquires: partners@clearfund.co

  3. #3
    Senior Member Reputation points: 81657
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,868

    Lightbulb

    Quote Originally Posted by hardrock View Post
    I have a client who had a modified cash advance but just paid it off and received the pay-off letter. His business brings in $1.2M a year. I did get him an offer for $20K but he wants anywhere from $60K - $100K. Can anyone help with this?

    I may a solution and/or a referral for you.
    Call me @ 727-233-1111
    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

  4. #4
    Should be able to get him more than $20K. What industry is the merchant in?

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 248-341-9477
    Email: bb@cooperasset.com
    Web: www.cooperasset.com

  5. #5
    Member Reputation points: 1154
    Join Date
    Apr 2016
    Location
    Ft Lauderdale
    Posts
    57

    If the story checks out with the time life of modified payments and COVID my company would consider the file .
    We have funded multiple deals under similar circumstances since COVID hit.
    If the merchant funded with a shady and has a legit story we are happy to listen.

    Please feel free to reach out me or shoot over file. All files are underwritten upfront. If approved it will fund.
    Jake Strelzik
    305- 785-2548

  6. #6
    Member Reputation points: 76
    Join Date
    Mar 2021
    Location
    Miami
    Posts
    26

    Sounds like a deal Fox would be able to do

    Daniel Cage
    Funding Coordinator |*Fox Business Funding
    (347) 308-7788
    Check out our new website:*foxbusinessfunding.com
    DocuSign link for ISO Agreement:*https://bit.ly/380Pz6g

  7. #7
    If you didn't get this funded, I'd love a chance at the file.

Similar Threads

  1. New to cash advance
    By Showmethemoney in forum Merchant Cash Advance
    Replies: 72
    Last Post: 11-19-2018, 09:41 AM
  2. Replies: 6
    Last Post: 10-03-2015, 03:57 PM
  3. Who is Cash-Advance.Me
    By 1StopFunding in forum Merchant Cash Advance
    Replies: 6
    Last Post: 02-20-2015, 04:01 PM
  4. AVP Cash Solutions--Merchant Cash Advance
    By AVP Solutions in forum Merchant Cash Advance
    Replies: 0
    Last Post: 10-31-2013, 12:57 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe


DIRECTORY