A Paper Restaurant needs strong 3rd position
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  1. #1
    Senior Member Reputation points: 1393
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    A Paper Restaurant needs strong 3rd position

    Monthly volume $150K
    $90K and $30K balance respectively.
    Cannot price @ C-D paper rates.

    Looking for a lender w/ generous terms like Rapid does on 2nd position deals but for 3rd.

    Thanks in advance.

  2. #2
    Senior Member Reputation points: 84403
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    How is this business "A Paper" with 2 existing positions with balances nearly 80% of their gross revenue?
    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
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    Quote Originally Posted by Yankeeman07 View Post
    How is this business "A Paper" with 2 existing positions with balances nearly 80% of their gross revenue?
    Wow the only educated response Dave has ever offered.

  4. #4
    Senior Member Reputation points: 5633
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    You better off doing a 60-75k 2nd over 8-10 months if those 90k balance is w/ a good lender, you should not have an issue buying out that 30k balance. Rapid only does 1st, but their LOC product they seemingly offer to anyone

  5. #5
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    1.499 would work?
    If yes please send me the file to jackb@madisonadvance.com will get you funded

  6. #6
    From the sound of it - $40k @ 1.42 over 140/150 would be an ideal offer here. If the merchant has weekly ill be able to get weekly

    PM me if you wanna see if we can get this done. With how the credit and EDB in banks look I can reach for $50k+

  7. #7
    This is also an option - depending on how many payments left on that $30k balance it can be paid off doing the contracts at $75k-$80k over 10 months netting the merchant around $45k-$47k

  8. #8
    Senior Member Reputation points: 84403
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    Quote Originally Posted by Quickfunder View Post
    Monthly volume $150K
    $90K and $30K balance respectively.
    Cannot price @ C-D paper rates.

    Looking for a lender w/ generous terms like Rapid does on 2nd position deals but for 3rd.

    Thanks in advance.
    This business owner has serious money issues - Beyond any so-called quick fixes - They should be reviewing these programs
    for possible assistance:

    Restaurant Revitalization Fund


    https://www.sba.gov/funding-programs...tion-header-15


    About Targeted EIDL Advance and Supplemental Targeted Advance


    https://www.sba.gov/funding-programs...rgeted-advance


    Employee Retention Credit
    New law extends COVID tax credit for employers who keep workers on payroll


    https://www.irs.gov/coronavirus/empl...tention-credit
    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

  9. #9
    Senior Member Reputation points: 22201
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    Marcus Clapman here with Capybara Capital
    For ISO Agreement Email: marcus@capybarausa.com you'll love our longer terms and how flexible we are to get deals funded.

    Capybara Overview


    1) We have NO SALES TEAM!!
    2) 3-12Months terms.
    3)Daily & Weekly repayment options
    4)A-C Paper
    5)1-4th Position
    6)We can payoff other funders (case by case) ​maximizing the funding amount and your commission payout.
    7)Low Buy-Rates low 1.20's with ability to earn up to 15 points upsell. (you keep the entire upsell)
    8) Full exclusivity on deals submitted
    9) Offers as soon as 15 Minutes.
    10) We Fund Used Auto & Attorneys.


    To become a Capybara Capital ISO please call 646-708-5986 or email me at marcus@capybarausa.com

  10. #10
    Member Reputation points: 895
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    If merchant and business reside in the below states and comes in at a strong enough pre-qualification tier based on Experian FICO pull + internal scoring, we could potentially offer a TRUE CONSOLIDATION monthly term loan with cash out, if affordability allows.

    AL, AZ, CA, DC, DE, HI, ID, IA, IL, IN, KS, KY, LA, MD, ME, MS, MO, NE, NH, NJ, NM, NC, OH, OR, SC, UT, VA, WA, WI, WY

    If you aren't signed up with LoanMe yet please E-mail business.loans@loanme.com and we'll make it happen.

    Cheers and good luck!
    Joel S Galasso
    Senior National Accounts Manager
    Small Business Loans
    Main: 949-535-7798 | business.loans@loanme.com

    1900 S. State College Blvd. Suite 300 Anaheim, CA 92806

  11. #11

    I can do a strong 3rd

    Hi friend,

    Alfa advance can help!

    Our sweet spot is second to third position, and one of our preferred industries happens to be restaurants, so this deal is right up my alley. Please give me a call at (347) 531-9075 to discuss further, or you can submit the file to rasheed@alfaadvancefunding.com for approval.

    Best,
    Rasheed Miller

  12. #12
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    sounds like a 30-50k 150 day 3rd position. Send it over if you want me to take a look.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  13. #13

    Goat advance!

    Goat advance!

    Amanda schuster
    443-797-9714
    amanda@goatadvance.com

  14. #14
    Shane Johnson
    Regional ISO/Broker Rep | Arsenal Funding
    M: 917-743-1895

    E: shane@arsenalfunding.com



    arsenalfunding.com
    1-10th positions

  15. #15
    Senior Member Reputation points: 6544
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    This deal fits our box based on the info given. Reach out to discuss the deal further.
    Jeff Pecori
    Business Development & ISO Relations

    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 850.630.7509 Ext.101 | F. 646.219.7949
    jeff@vitalcapfund.com

  16. #16
    Please give me a call. I might be willing to compete on this.



    Direct Number:
    (212) 965-6115
    Email:
    nathan@3scapitalgroup.com

  17. #17
    We would love to get you an offer on this deal, we wont do 12 months on a 3rd but we can go as long as 8 months
    6463002347
    sub@ibexfundinggroup
    preferred@ibexfundinggroup

  18. #18
    Senior Member Reputation points: 29542
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    Quote Originally Posted by ARI@ibexfundinggroup View Post
    We would love to get you an offer on this deal, we wont do 12 months on a 3rd but we can go as long as 8 months
    6463002347
    sub@ibexfundinggroup
    preferred@ibexfundinggroup
    eyyyyy its cc ari how you been bud?

  19. #19
    Senior Member Reputation points: 45052 SendDocsPlox's Avatar
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    Quote Originally Posted by ARI@ibexfundinggroup View Post
    We would love to get you an offer on this deal, we wont do 12 months on a 3rd but we can go as long as 8 months
    6463002347
    sub@ibexfundinggroup
    preferred@ibexfundinggroup
    He'll probably CC the entire mexican army but he'll get you the offer

  20. #20
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    Quote Originally Posted by SendDocsPlox View Post
    He'll probably CC the entire mexican army but he'll get you the offer
    dont doubt that one at all

  21. #21
    hey send it over would love to take a look and see if we can fund, response under 10 minutes
    6463002347
    sub@ibexfundinggroup
    preferred@ibexfundinggroup.com

  22. #22
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    Quote Originally Posted by ARI@ibexfundinggroup View Post
    hey send it over would love to take a look and see if we can fund, response under 10 minutes
    6463002347
    sub@ibexfundinggroup
    preferred@ibexfundinggroup.com
    bro you already said that on this file, did you just hit cc all on the board?

  23. #23
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    Quote Originally Posted by Quickfunder View Post
    Monthly volume $150K
    $90K and $30K balance respectively.
    Cannot price @ C-D paper rates.

    Looking for a lender w/ generous terms like Rapid does on 2nd position deals but for 3rd.

    Thanks in advance.
    Rapid doesn't fund 2nds.... Unless their LOC product

  24. #24
    Member Reputation points: 222 Prosperum Funding's Avatar
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    LMFAOOOOOOOO HOLY ****ING ****!!!! THIS was CLASSIC
    Frank Jacobs,
    Funding Director
    ProsperumFunding.Com
    | Office | (929) 376-8912
    | Fax | (888) 894-3518 or (212) 706-0117
    | Email | FJacobs@ProsperumFunding.com
    8 West 36th Street, Floor7 | New York, NY 10018

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