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12-28-2021, 05:18 PM #1
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- Jun 2019
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Funders who would do an MCA up to 5M
Are there any legitimate MCA Funders that go up to 5M (or 2 or 3 or 4M) on at least a 12 month term. Obviously for a very legitimate business.
Thanks
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12-28-2021, 05:35 PM #2
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- Feb 2017
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I was not personally involved with it, but a funder I work with told me that the largest that I know about directly was $7.2mm with a very heavily discounted early prepay discount. That one paid 3 points among the brokers, but it could have paid 6 points if all of the pieces of the puzzle make sense. Please reach out to me, I'd be happy to work on it with you. The funder pays can you directly.
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12-28-2021, 05:35 PM #3
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- Jul 2017
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- 548
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12-28-2021, 05:42 PM #4
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- Jun 2015
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tvt is the only one that i have seen on a bank statement actually do it
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12-28-2021, 05:44 PM #5
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- Aug 2021
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- 32
Nobody I can think of that will do 2mm for 12 months let alone 5mm.
That kind of term will probably cap out at 700K or even 500K after sending financials and whatever else the merchant can scrap together for 2 weeks.
For that kind of money you need funders that don't have websites and that have deep pockets, but don't bet on anything more than 100 payments.
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12-28-2021, 05:48 PM #6
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- Nov 2018
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- NYC
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- 36
SOS can do big deals
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12-28-2021, 05:49 PM #7
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- Jun 2019
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- 194
ya im sure i'll get all the shady companies willing to do something in the 100 day term. Not what im looking for here. Im saying is there anyone in the A funder space (the ondecks, IOUs, rapids etc etc) thats willing to do a real deal like this. Financials wont be a problem.
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12-28-2021, 05:50 PM #8
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- Aug 2021
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12-28-2021, 05:51 PM #9
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- Jun 2019
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how high did TVT go. I also cant imagine theyd go out 12 months
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12-28-2021, 06:03 PM #10
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- Feb 2017
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Deep pockets... well, all you need is about 10 different syndication groups and wham-o, you have your "direct funder" with the risk spread out.
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12-28-2021, 06:09 PM #11
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- Jun 2015
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United
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12-28-2021, 06:15 PM #12
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i have only funded an 11 month with them , but they claim they go out 24 months and do 5 mil .The deal i saw was funded 1.7 mil and is the largest i ever saw funded from one source.
I am not vouching for them and dont do much business with them but just letting you know what i have seen in a bank statement
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12-28-2021, 06:27 PM #13
Cedar might be able to do it.
Jared Davis
Iso Rep/Underwriter
Dlp Funding, LLC
DIRECT LENDER will go aggressive 3rd -7th
All deals have Aggressive early prepay (If deal is 8 month 1.5 & PIF 4 month payback is 1.25!)
Office: (877) 378 - 0484
Direct: (718) 540 - 7463
Email: jared@dlpfunding.com
Web: www.Dlpfunding.com
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12-28-2021, 06:48 PM #14
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- Apr 2019
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- 318
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12-28-2021, 07:23 PM #15
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- Jul 2017
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- 9
Samson Funding does big deals all the time will do 1-2 million dollar deals no problem over 12 months, just did one last week. Reach out to us to get your big deals funded
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12-29-2021, 06:41 AM #16
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- Mar 2015
- Location
- Boynton Beach
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MCN,
With a need that large and a good business, you may want to consider larger, more cost effective, and revolving alternatives.
Even if you obtained a $5Mil MCA, it would not be as cost effective as some alternatives and not a long term solution that helps with day today needs and helping the company scale.
Best,
Hedley
Best,
KevinKevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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12-29-2021, 09:35 AM #17
- Join Date
- Aug 2020
- Posts
- 105
I can but for 12 months must be a clean deal drew@infusioncapital.org
Drew Matthew
Chief Executive Officer
Infusion Capital Group
40 wall St
28th floor #2765
New York, NY 10005
Company: 1 (718) 852-2233
Direct: 1 (917)525-9946
Email: drew@Infusioncapital.org
www.Infusioncapital.org
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12-29-2021, 11:16 AM #18
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- Sep 2021
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- 43
Ive seen Libertas/TVT/Queen do over $3m but the only one who went out long was Libertas.
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12-29-2021, 11:39 AM #19
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- Jun 2015
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truth is you can have funders that will fund side by side at the same time with each other knowledge ,a little harder to set up but can be done
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12-29-2021, 11:43 AM #20
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12-29-2021, 01:16 PM #21
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- Mar 2021
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- Miami
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- 26
I recently gave one of my ISO's an approval for 5mm, 1.25 buyrate, 9 month term (weekly payments), 5% early pay discount if paid in full in 6 months
The underwriters didn't feel comfortable going out 12 months on a sell rate so low (1.27) on a 1st position deal, and that was a dealbreaker for the merchant.
I was also told by underwriting they would do the 12 month term at a lower dollar amount ($1.5mm) but the merchant was super firm on dollar and term so unfortunately I wasn't able to get the deal done.
That said, Fox can and will fund those high dollar amount if and when it makes sense.
Feel free to give me a call or shoot me an email to discuss this deal specifically and we can figure out together if it's worth subbing to Fox!
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01-02-2022, 10:12 AM #22
- Join Date
- Aug 2014
- Posts
- 620
The largest deal I've ever successfully funded was $3.5m/12mo in house. I did have a $5m/12mo approval one time which we had to rescind in March 2020 due to the initial pandemic shutdown, horrible timing and i honestly think it would have funded if we were able to see it thru. That being said, we can get there if the deal makes sense for it, please feel free to reach out if I can be of any help.
Last edited by Anthony@torro; 01-02-2022 at 10:14 AM.
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01-04-2022, 05:06 PM #23
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- Aug 2021
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- 31
We can go to 5mm in house on the right file.
Don’t want to lead you on. 12 months is not our bag. (We not egregiously far off)
If you find yourself needing to get flexible on this deal I would be happy to take a look.
Best of luck to you.Cobalt Funding Solutions | Direct Funder
cobaltfunding.com| 202-773-4200
New York, NY. | deals@cobaltfunding.com
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