[rmckellar]

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

[abfunders]

Two things about the factoring option:

1) The factor is not contacting the CEO. They're contacting some minimum wage employee in A/R who is just verifying facts. The owner of the company is not going to see or hear anything. It's an unfounded stupidity that I try to dispel before it comes up.

2) There are lenders who offer Lines of Credit who don't do the verification.

3) Pay off OnDeck with another funder who offers the term loan/LOC option... you probably know what I'm referring to

[Olderguy]

Micah - you beat me to it....every broker that calls me asks "how much can I make on this deal".... not what can we structure that is best for the needs of the client. MCA brokers in most cases are not loan officers but probably should learn to be. There can be many solutions to a situation.

[MCA-VET]

Richard... This may be right up the Capybara Capital alley..... marcus@capybarausa.com

[AlfaAdvanceFunding]

My buy rates start at 1.24 w up to 14pts upsell. We charge minimal fees and require very little stips to get larger deals done.

Send me and email and lets get this deal funded!!!

[dgold]

I can get this done. NY TRIBECA GROUP

Derrik Jarvis
Sr.Underwriter
New York Tribeca Group
Direct: 929-810-0747
Cell: 917-900-0153
Main | 866.315.7715
Fax: | 866.331.6040
Email:| DJ@NYTribecaGroup.com
UPLOAD DOCUMENTS!!!
40 Wall Street, 43rd Floor, New York, NY 10005‬

[Mona Rosen]

We have no market restrictions and fund deal in record breaking time.
No min or max funding amount. We fund previous defaults but term will obviously reflect on that.
We buy out MCA Positions as well pending on the deal status as well as reverse consolidations.
Reach out to us so we can get you singed up and get your deals funded!