100k retail seeking a 2nd pos buyout
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  1. #1

    100k retail seeking a 2nd pos buyout

    Got a retail biz doing 100k monthly CC sales, great daily balances, in business a few years, mid 600 fico.

    Has 2 A paper MCAs, most recent one funded in January with an 80k balance. I'm looking for a 2nd position offer paying off this 80k balance with atleast 40% net, 12 month deal. This would be a strong 2nd pos offer, who can do it?

  2. #2

    Need a JUMBO 2nd position?

    Try ALFA!!!

    ALFA Advance funds H U G E seconds. Give us a try, you will love our aggressive approvals, high commissions, and minimal stip requirements

    Feel free to email me at the info below. I look forward to hearing from you

  3. #3
    Instafunders would love to take a better look at this.

    Instafunders is a direct funder specializing in 2nd-9th position deals. We pride ourselves on our quick turnaround times, minimal stips, transparency, competitive offers, syndication opportunities.

    Please email me at Jason@instafunders.com

  4. #4
    Banned Reputation points: 4416
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    Dec 2021
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    Capitalize wouldn't go out that long but if it comes to it and you need a third position we can definitely do it.

    Please submit the deal to subs@capitalizegroup.com

  5. #5
    Hi! This may be a good fit for LoanMe if merchant is in an SBL State. Here is what we offer.

    For our SBL product, available in the below 29 states + Washington D.C., our minimum TIB is 90 days w/a business checking account to match.

    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

    LoanMe Small Business Loan

    • Six Loan Tiers, A-E
    • Loan Amounts: $3,500 - $100,000
    • Max 10yr Terms
    • No prepayment penalty
    • No Fico Minimum Requirements
    • Qualification Based on Affordability – Overall Credit Health of PG(Personal Guarantor)
    • Partner Commission: 5 points
    • Merchant: Minimum Monthly Income $3,500
    • Merchant: Minimum Annual Income $42,000
    • Negative Days – No cap on SBL
    • 90 Days in Business
    • 90 Days Business Bank Acct – Bank must be in business name

    E-mail us at business.loans@loanme.com for additional info or to sign up haven't already.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  6. #6
    Member Reputation points: 222 Prosperum Funding's Avatar
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    8 W 36th St NY, NY 10018
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    Let’s get on a call, we can definitely work together and get this merchant a good deal that actually makes sense.

  7. #7
    Senior Member Reputation points: 6278
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    Quote Originally Posted by Essential$$$ View Post
    Got a retail biz doing 100k monthly CC sales, great daily balances, in business a few years, mid 600 fico.

    Has 2 A paper MCAs, most recent one funded in January with an 80k balance. I'm looking for a 2nd position offer paying off this 80k balance with atleast 40% net, 12 month deal. This would be a strong 2nd pos offer, who can do it?
    The basic specs sound decent but nobody is buying out 80K of second position debt on 100K of revenue unless its some boutique funder who's trying to get his name out. You'd need to go out of the box and do a secured deal or maybe Loanme.

  8. #8
    Banned Reputation points: 6026
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    Sounds like this is a prefect fit for hybrid
    Email us today kevin@hybridadvancellc.com

  9. #9
    For the right file FirstLine can always do buyouts, unfortunately we don't go out as long as 12 months though.
    Direct Funder | FirstLine Advance | New York, NY.

    firstlineadvance.com
    Call us: 929-592-3073
    Email us: subs@firstlineadvance.com

    1st position and up | Snap Funding within 2 hours | No credit checks

    Currently accepting new ISO's!

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