[mca123]

I have a merchant that was funded by QS at 9 months, who's looking to lower his daily payments and net more capital.

- Avg monthly sales=$40k
- Credit 650+

Who can pay off the 1st position, go longer than 9 months, and net more capital?

[WhoisKingsley]

I've never heard of someone wanting to "consolidate" only one position- and with QS? Are they complaining? QS gives amazing rates by far and could have been that long term second position that they want now.

If they average $40k a mo- how much was the loan and when did they get it?

You can go more traditional with this but it depends on the industry. PM me and let's talk about the deal before you send it out to anyone.

[mca123]

Meant to say "refinance" as opposed to "consolidate". Funding was about 2 months ago.

[mca123]

so they're actually doing closer to $60k a month..received ~30,000, and mostly looking to to lower their daily ach by going out 12+ months

[Eagle Funding]

Email me the balance and the rate they got to allen@mcamerchant.com I can do what youre looking for

[bdshaw]

They may qualify for a 6% APR that will both payoff the old debt and advance new funds. This is a long term loan that may be paid off without penalty anytime.
Bob Shaw734-929-3800

[GMFunding]

Did they use the money for equipment? They can qualify for a debt refinance with terms up to 3 years, payments made every month or QTR. (Only available if they have proof of equipment purchase/repair)