Results 1 to 7 of 7
Threaded View
-
05-09-2022, 09:49 AM #1
- Join Date
- Apr 2015
- Location
- Morristown, NJ
- Posts
- 100
A-Paper Second Position - 200k
Have a long time client who is a food wholesaler. Does 380-500k/mo.
Merchant has a 165k balance with On Deck that we facilitated a month ago.
He planned on taking a factoring facility through us instead of another advance which is why he didn’t take his max qualification in that funding, however given further thought, he is not comfortable with a factor calling to collect from each client, so he has decided to take a second position for the remainder of what he qualifies for.
He's weighing 2 different paths, he is looking towards a 200k offer at rate of 1.22 that pays 8 points commission with a payback of 60-90 days but he doesn't like the current offer because it has a 4% fee involved, he is looking for 1 for that term because he will be renewing every time he pays it off.
The other scenario he is weighing is a 200k funding that is a factor rate of 1.38, paying out 12 points with 2 point fee and 11 month payback. I am looking for someone to give a 12 month option on the same pricing.
I am looking for someone to come in and offer either situation.
My email is richard@PegasusFundingGroup.com and my mobile phone is 973-936-8428---------------------------------------------------------
Rich McKellar
www.linkedin.com/in/richardmckellar
Similar Threads
-
1st position construction 200k +
By McoupeBobby in forum Deal BinReplies: 9Last Post: 09-03-2019, 02:23 PM -
5 position ? 200k
By brokerCompany in forum Deal BinReplies: 5Last Post: 06-17-2019, 01:14 PM -
Can anyone pay off a 200k balance and take first position
By CashAdvanceKing in forum Deal BinReplies: 9Last Post: 03-27-2019, 03:08 PM -
A/B Paper - $200k/mo Avg. - <1 Yr in Biz (Need a Funder)
By holdinghand in forum Deal BinReplies: 9Last Post: 06-01-2017, 02:41 PM -
Need 6th position 150-200k
By gail_waters in forum Merchant Cash AdvanceReplies: 42Last Post: 04-21-2017, 04:33 PM