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  1. #1

    Need a reverse

    Hi,

    Have a merchant who has four positions and I'm looking to get him a reverse to cover those four payments. Total daily payments between advances is $2,327.

    Industry is entertainment industry

    Financials:

    September-
    Deposits: 103k

    October-
    Deposits: 112k

    November-
    Deposits: 117k

    Merchant currently has 4 positions

    Can anyone do this deal? If so please email me. Peter@quickfundingllc.com

  2. #2
    Quote Originally Posted by Pete Marco View Post
    Hi,

    Have a merchant who has four positions and I'm looking to get him a reverse to cover those four payments. Total daily payments between advances is $2,327.

    Industry is entertainment industry

    Financials:

    September-
    Deposits: 103k

    October-
    Deposits: 112k

    November-
    Deposits: 117k

    Merchant currently has 4 positions

    Can anyone do this deal? If so please email me. Peter@quickfundingllc.com
    We'll take a look, let me know!
    Michael Christman
    Direct - (718)701-1805
    mike@gandgfunding.com

  3. #3
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    T......
    Last edited by Olderguy; 05-09-2022 at 03:13 PM.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  4. #4
    Banned Reputation points: 179851
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    Quote Originally Posted by Olderguy View Post
    Try him, tell him I sent you...

    Kevin Barloon | Senior Debt Specialist
    1551 N Tustin Ave. Suite 550 | Santa Ana Ca. 92705 | Office: 949-591-8990
    Direct: 949-763-5477 | Email: kbarloon@nationalcreditpartners.com
    This is ****ing complete BULL****. The guy is asking for a reverse, these ****ing guys are debt consolidation guys that have merchant default then contact you to lower the ****ing payment.

    I had the opportunity to be contacted by them pretty recently about 2 days ago.....on a Stop Payment/R08 Merchant.

    *** Edit. I just looked back to see if I dealt with them on another file..... I have. They were paid almost $60,000 by one of my merchants ($18,000 a Month for past 3 months) - The Merchant discontinued and cut ties with them after the 3 Months, because they did nothing (other than collect $18,000 a month) and send letters out to Funders COMPLETELY LYING. These ****ing guys tell the Merchant "We will get your balance owed cut in half". Then the letter they send Funders says they don't settle for less, they will pay us or get us paid IN FULL 100%. The Merchant had 6 Different positions, NOT ONE FUNDER got anything over the past 3 Months. About 1MM Is owed.

    Their Letter:
    This letter is to inform you that National Credit Partners has been retained by REDACTED as its agent and Power of Attorney with respect to its agreement stated above with REDACTED.
    We are not a debt consolidation company as we do not assist the merchant in taking out one loan to pay off others. We do not seek to get the past due account settled for pennies on the dollar. It is our goal to pay back 100% of the debt owed to REDACTED. We are primarily focused on restructuring and/or modifying payment terms that would allow REDACTED to keep its business operational while at the same time pay back 100% of its business debt owed to REDACTED.
    National Credit Partners is not a law firm; however, National Credit Partners has a network of attorneys who may handle this account. Attached herein is a copy of an executed Power of Attorney authorizing National Credit Partners to act as attorney-in-fact on behalf of REDACTED. Please direct all communication to National Credit Partners.
    Please verify the current balance owed, the break-down of the balance owed, and a copy of the transaction history of this account. I am hopeful we can resolve this account together. Please get back to me at your earliest convenience so we can discuss this account.
    Due to a recent change in our policy and to ensure optimum security protection for our clients, all documents containing sensitive information (such Power of Attorney, bank statements, etc.) will be redacted if transmitted through email communication or the unredacted version will be available for access and download through our Secure Portal. Thank you for your understanding and patience in this regard.
    Sincerely,
    National Credit Partners
    Encl. Power of Attorney
    Last edited by ryan $; 12-21-2021 at 10:53 PM.

  5. #5
    Banned Reputation points: 179851
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    These ****ing guys take money off my plate, and every other persons plate on this forum....

    And your advertising them???? What the actual ****.

  6. #6
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    ......
    Last edited by Olderguy; 05-09-2022 at 03:13 PM.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  7. #7
    Quote Originally Posted by Olderguy View Post
    Try him, tell him I sent you...

    Kevin Barloon | Senior Debt Specialist
    1551 N Tustin Ave. Suite 550 | Santa Ana Ca. 92705 | Office: 949-591-8990
    Direct: 949-763-5477 | Email: kbarloon@nationalcreditpartners.com
    Why are u recommending debt collectors?

    Scumbag move imo

  8. #8
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    Quote Originally Posted by Ben_p View Post
    Why are u recommending debt collectors?

    Scumbag move imo
    take a valium...was just a suggestion....didn't know a reverse guy......don't let your anger consume you.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  9. #9
    Senior Member Reputation points: 227883
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    FYI Steve, you're new to the board so I'll just tell you: If you have relationships with these debt restructuring/relief people, then it makes you sus to all of your funders/lenders that you're going to funding them and then sending them to the debt restructuring people. These guys are scum, they're not even lawyers, and they just take fees and then "bonuses" on top of the money saved. If they were lawyers themselves, it's a completely different type of relationship, but these debt relief people are basically scammers. I'm not entirely sure why Debanked lets them advertise through his mailing lists.

  10. #10
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    Quote Originally Posted by abfunders View Post
    FYI Steve, you're new to the board so I'll just tell you: If you have relationships with these debt restructuring/relief people, then it makes you sus to all of your funders/lenders that you're going to funding them and then sending them to the debt restructuring people. These guys are scum, they're not even lawyers, and they just take fees and then "bonuses" on top of the money saved. If they were lawyers themselves, it's a completely different type of relationship, but these debt relief people are basically scammers. I'm not entirely sure why Debanked lets them advertise through his mailing lists.
    I get it....if it were me, and some of you have asked, anyone who can't handle 2 positions needs to close their bank account and start over. Some need/want the debt consolidation and all you can do if offer and also advise pitfalls.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  11. #11
    Quote Originally Posted by Olderguy View Post
    take a valium...was just a suggestion....didn't know a reverse guy......don't let your anger consume you.
    Now it makes sense why u have a Gmail account smh

  12. #12
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    Quote Originally Posted by Ben_p View Post
    Now it makes sense why u have a Gmail account smh
    You need to unwad your panties.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  13. #13
    Quote Originally Posted by Olderguy View Post
    You need to unwad your panties.
    I guess thats what a scumbag loser who has does business with debt collectors and hides behind a Gmail account says.

  14. #14
    Thanks for all the input guys

  15. #15
    We can definitely help with this
    Lashelle Cobham | Team Lead
    Tampa FL, 33624
    Cell: 813.599.7048
    E-mail: lashelle@maximumcapitalgroup.com
    Visit us: www.maximumcapitalgroup.com

  16. #16
    Key Capital Group is signing up new ISO's!
    We are a High-Risk Direct Lender looking to start new partnerships with Dedicated Brokers. We have adopted measures to structure deals in a way that our ISO's can have quicker renewals & mitigate default risk. We work efficiently & try to give you offers as fast as possible. We are currently Funding Merchants that most Lenders consider to be Declines or Defaults. We are also flexible with our offers as we try to give our Partners all the tools they need to succeed. Please feel free to call me. I would love to chat.

    We specialize in:
    -High Risk
    -1ST to 10th position
    -Defaults & Declines
    -Reverses Consolidation

    Minimum Monthly Revenue For 2nd position & On:
    - $25,000
    Minimum Monthly Revenue For 1st Position:
    - $50,000 For 1st time taking an MCA Advance
    - $35,000 For a Merchant that has had an MCA Advance in the past

    Our Product:
    5k to 6.5 Million
    Term UP TO 95 DAYS
    Weekly payments available
    Early Payoff Discounts
    Early Renewals
    Instant DocuSign Contracts
    Light Stips -DL, VC

    Gill Navarro
    Director Of ISO Relations
    Direct :1(862)-303-3225
    Email:Gill@keycapitalfunding.com

  17. #17
    QFS Capital specializes in reverse consolidations, and we're accepting new ISOs! I can get you signed up with us ASAP.
    Gabe Martinez | (754) 778-7874
    Gabe@qfscapital.com
    QFS Capital - Specializing in Reverses

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