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11-18-2014, 03:35 PM #1
- Join Date
- Oct 2014
- Posts
- 26
Is there any lender out there willing to buy out 3 positions?
looking for real lender (not ISO)
have a client with 3 positions all ACH. Client does 30-40k monthly CC. Is there a lender who can holdback the CC..even though theres three stacked on ACH?
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11-18-2014, 03:44 PM #2
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- Oct 2014
- Posts
- 260
Even if there were a lender out there willing to buy out 3 advances, which there isn't, if the merchant is only generating 30-40k in gross I HIGHLY doubt that all 3 balances combined would be small enough to net 50% after the refi. I wouldn't waste your time with this merchant. The best you could get him would be a 4th, which would hurt them more them help them and you would make next to nothing on commission. The guy cant have much gross left to eat into thus resulting in a baby approval.
Look for the bigger first time fish elsewhere, that UCC list you are working off of has been played outSecond place? Set of steak knives.
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11-18-2014, 03:48 PM #3
We work with someone who can do that
800-955-2411
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11-18-2014, 03:49 PM #4
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- Oct 2014
- Posts
- 26
merchant does 200k monthly has a balance 0f 69k on his positions...
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11-18-2014, 03:52 PM #5
- Join Date
- Sep 2014
- Posts
- 720
What's the combined, outstanding balance on the ACH deals?
PLENTY of lenders (including "A" Paper lenders) will buy out 3 advances and a handful do not require the merchant to net 50% or more on the deal.
In addition to the outstanding balances, what does their credit look like... average daily ledger... ending balances... any trends in revenue...?
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11-18-2014, 03:54 PM #6
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- Sep 2014
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- 720
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11-18-2014, 07:29 PM #7
- Join Date
- Jan 2014
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- 283
As long as the Merchant will net 50%(sounds like they can) I can get this done easily. I am an ISO, but I'm sure we can work something out. I do lots of consolidation type deals so I know where to send it and we have strong relationships with the banks that are willing to do it. Send a message to my inbox if you're interested
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11-18-2014, 08:00 PM #8
Is there any lender out there willing to buy out 3 positions?
I can get that done 888 777 8144
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11-19-2014, 10:39 AM #9
- Join Date
- Feb 2014
- Posts
- 54
If they are looking to get out of MCA and into a monthly payment, give me a call.
Sam Tiburzi
Finance Store
240-345-3314
sam@financestore.com
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11-19-2014, 10:42 AM #10
email me the full details, this seems like a layup allen@mcamerchant.com
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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11-19-2014, 11:40 AM #11
If the merchant has collateral this is doable. Otherwise you are looking at a tough deal. Feel free to send to Zach@CoreBusinessLoans.com for review and an honest opinion on it.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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11-23-2014, 10:50 PM #12
WBL will always consolidate multiple advances and give you length on the deal if the client is willing to pledge collateral e.g. Free & clear vehicles/equipment or Real Estate. You can make up to 12 points. Mstucchio@wbl.com. App, 6 months banks, schedule of assets owned. We also do not care if the client nets 50% because some of time even though they will not net 50% it is beneficial for them if we can lower the daily enough to off set the interest expense. Of course ability to pay is always most important.
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12-03-2014, 02:46 PM #13
fundmypayroll.com does multi advance restructuring. I've used them and Stephen and Keith are great to work with. They have an ad on this forum
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12-03-2014, 06:01 PM #14
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12-04-2014, 07:17 AM #15
- Join Date
- Jun 2014
- Posts
- 195
Yellowstone brokered one out for me 2 weeks ago that consolidated 4 positions
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