150K deal Looking for Lender
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  1. #1

    150K deal Looking for Lender

    Hey guys,

    I'm sitting on a deal where the client is looking for 150K but the deal is hairy

    Avg Monthly deposits 270K
    CS: Close to 800
    Avg. Daily Balance: 60-80K

    We've got two offers 1 at 90K over 12 months and 1 at 130K but only over 10 months.

    Looking for a lender that can give me 150K over 12.

    Call me if you think this is for you.

    Best,

    Jean
    Progressive Capital
    Last edited by jjrouss; 08-11-2021 at 01:35 PM.

  2. #2
    Senior Member Reputation points: 84417
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    Contact me @ dave@fcbankcard.com or 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

  3. #3
    Banned Reputation points: 10
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    What kind of rate is the merchant expecting?

  4. #4
    Senior Member Reputation points: 14091
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    What is the hair on the deal ?

  5. #5
    Cobalt would be able to offer 150k+ if the above is accurate.

    We won’t be able to beat the term though.
    Cobalt Funding Solutions | Direct Funder

    cobaltfunding.com| 202-773-4200
    New York, NY. | deals@cobaltfunding.com

  6. #6
    Senior Member Reputation points: 3706
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    Can probably give you a nice offer here, just don't think the 12 months would work on this one.
    Paul Boxer
    Merchant Marketplace

    Chief Operating Officer
    Chief Revenue Officer

    Cell: (516) 805-9209
    paul@merchantmarketplace.com
    www.merchantmarketplace.com

  7. #7
    I can get you a 5 year simple interest monthly loan up to $200K. 1-2 day full approval. You do not need to pay off any MCA loans.

    Let me know if you have any questions Charlie

  8. #8
    Sponsor Reputation points: 9187 DannyFoxCap's Avatar
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    Feb 2019
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    Miami, FL
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    147

    Fox can take a look at this file, we recently started going up to 12 months. It would depend on the other positions they have(if any), reach out if you are not already signed up.
    Direct: 347-468-7528
    Cell: 305-753-3967
    Fax: 866-557-0455
    Email: Danny@foxbusinessfunding.com

  9. #9
    Banned Reputation points: 10
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    Email me ASAP i can help you with this. I work for a direct lender that would be a perfect fit for this file!!
    juliana@parkeastcapital.com

  10. #10
    Banned Reputation points: 84
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    The hair can't be that bad of a color if you have an 11 month offer on it.

  11. #11
    GCM Goes out 12 months and also does LOC's- Based on the info you provided sounds like it should qualify for what you are looking for here. Send a request for an iso agreement to inquiries@gcmcapitalgroup.com

  12. #12
    Senior Member Reputation points: 5633
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    Positions? Industry? # of deposits? time in business? previous default/payment/tax lien/BK issues?

  13. #13
    Did you get the deal done yet?

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