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06-14-2021, 10:56 AM #1
- Join Date
- Apr 2021
- Posts
- 114
trucking 1 pos
trucking
merchant has one pos balance is 30k
grosses 60k
wants to pay them off and get a long of a term as possible
credit 620
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06-14-2021, 07:58 PM #2
- Join Date
- Feb 2019
- Location
- FL
- Posts
- 95
Must do a buyout?
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06-15-2021, 10:08 AM #3
- Join Date
- Aug 2020
- Location
- New York, NY
- Posts
- 123
Based on the rev you mentioned and the balance merchant has, I doubt anyone would do a buyout netting the merchant much. a 2nd position seems like a better option in this case.
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
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06-15-2021, 02:59 PM #4
- Join Date
- Jan 2020
- Location
- Brooklyn, New York
- Posts
- 125
A buyout netting the merchant an appropriate amount seems like a bit of a stretch. If this merchant is looking for a second position, Lending Valley can take a look at it. We just funded a trucking company with similar numbers on a third.
Clark Sica
Business Development Manager
Lending Valley, Inc.
Office Line: 347-478-5161
Mobile Line:347-536-0528
Fax: 1-888-850-1971
www.LendingValley.com
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06-23-2021, 01:23 PM #5
- Join Date
- Jun 2021
- Location
- New York
- Posts
- 31
We can look at a buyout but I can't make a guarantee. Open to taking a look
Brian O'Neill
ISO Relationship Manager
Vitalcap Fund
Phone: 845-665-1845
Email:Briano@vitalcapfund.com
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06-23-2021, 02:05 PM #6
- Join Date
- Jun 2014
- Posts
- 541
Buying out the first based on the limited details provides seems like a definite possibility. How long has the merchant had the first position and is it an A, B/C or D funder?
Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com
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