Results 1 to 17 of 17
-
12-21-2021, 02:30 PM #1
- Join Date
- Oct 2021
- Posts
- 14
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
-
12-21-2021, 05:01 PM #2
- Join Date
- Sep 2020
- Posts
- 26
-
12-21-2021, 06:08 PM #3
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.
-
12-21-2021, 10:39 PM #4
- Join Date
- Jun 2017
- Posts
- 2,049
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 AttorneyLast edited by ryan $; 12-21-2021 at 10:53 PM.
-
12-21-2021, 10:51 PM #5
- Join Date
- Jun 2017
- Posts
- 2,049
These ****ing guys take money off my plate, and every other persons plate on this forum....
And your advertising them???? What the actual ****.
-
12-21-2021, 11:01 PM #6
......
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.
-
12-22-2021, 07:28 AM #7
- Join Date
- Nov 2018
- Posts
- 30
-
12-22-2021, 08:06 AM #8Steve 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.
-
12-22-2021, 08:52 AM #9
- Join Date
- Feb 2017
- Posts
- 3,455
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.
-
12-22-2021, 09:05 AM #10Steve 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.
-
12-22-2021, 09:52 AM #11
- Join Date
- Nov 2018
- Posts
- 30
-
12-22-2021, 09:59 AM #12Steve 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.
-
12-22-2021, 10:47 AM #13
- Join Date
- Nov 2018
- Posts
- 30
-
12-22-2021, 02:47 PM #14
- Join Date
- Oct 2021
- Posts
- 14
Thanks for all the input guys
-
12-26-2021, 05:16 PM #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
-
02-01-2022, 12:27 PM #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
-
06-16-2022, 02:45 PM #17
QFS Capital specializes in reverse consolidations, and we're accepting new ISOs! I can get you signed up with us ASAP.
Similar Threads
-
Need funders that go behind a reverse or take out the reverse, please
By kfunder in forum Deal BinReplies: 21Last Post: 10-28-2021, 10:45 AM -
need a reverse..
By blastfromthebast in forum Deal BinReplies: 6Last Post: 08-23-2021, 04:23 PM -
reverse 6 pos
By Friendly funder in forum Deal BinReplies: 13Last Post: 08-16-2021, 03:45 PM -
Looking for Reverse
By FiresideFunder in forum Merchant Cash AdvanceReplies: 9Last Post: 03-25-2021, 11:42 AM -
Roc Funding Group- Reverse Consolidation & Asset Reverse Consolidation
By stackcity_4208 in forum Merchant Cash AdvanceReplies: 32Last Post: 10-22-2019, 04:22 PM