[Bcooper]

Hey yall, I'm looking for a lender that would be willing to do a no net consolidation of 3 positions. merchant owes around 500k and is doing 500k-700k monthly. merchant has 800 fico and flawless bank statements. they will not take a reverse, if you can offer a no net reverse and are an actual lender please reach out.

[mycmoneyman]

This might be something we can do.
Please feel free to send me a breakdown of the current MCA Balances and payment schedules along with a copy of the three contracts.
I'll reply with an offer within minutes.
Jk@funduracap.com - 516.517.4800

[Olderguy]

Why not do SBA Express if he is making money and has cash flow?
Of if they have property, do a hard money cash out refi to pay it off.

[Bcooper]

Why not do SBA Express if he is making money and has cash flow?
Of if they have property, do a hard money cash out refi to pay it off.

not an option here I offer SBA loans on my own and he is not interested

[Olderguy]

not an option here I offer SBA loans on my own and he is not interested

It's not collateralized....why would anyone with three MCA loans be not interested in a SBA Express? Explain that to me. I can submit and get an answer pretty much immediately. Anybody who says not interested assumes they are too difficult, heard about too many bad experiences trying to get them,

[abfunders]

I sent you a PM

[abfunders]

If it's B2B, then definitely consider factoring! I'm working some great deals now that factoring is the BEST idea out there for them, but most brokers won't tell him that.

[Bcooper]

If it's B2B, then definitely consider factoring! I'm working some great deals now that factoring is the BEST idea out there for them, but most brokers won't tell him that.

already tried invoice factoring wont work for this guy sadly.

[abfunders]

already tried invoice factoring wont work for this guy sadly.

Why not? Give a little color, otherwise everyone will say "SEND IT OVER!"

[Bcooper]

Why not? Give a little color, otherwise everyone will say "SEND IT OVER!"

He doesn't have invoices that you can factor on. lol, therefore, cannot do invoice factoring.

[abfunders]

He doesn't have invoices that you can factor on. lol, therefore, cannot do invoice factoring.

LOL. So what industry is he in?

[Olderguy]

Micah - Vaporcompany? Doesn't have A/R and doesn't want SBA loan...hmmmmmm

[DonMcGrath]

Micah - Vaporcompany? Doesn't have A/R and doesn't want SBA loan...hmmmmmm

What are you smelling Older guy, I’m curious now?

[Friendly funder]

fundworks pays off 3 positions no net rule

[Olderguy]

What are you smelling Older guy, I’m curious now?

I talk to brokers all the time that can't look at the 360 degree viewpoint and really try and see what other options there are but MCA or MCA consolidation. Most of the time I can figure a way out of the MCA dilemma. Like brokers that get SBA denials but somehow I get SBA approvals. Or doing a hard money real estate loan to pay off a bunch of MCA positions. Brokers don't know and don't care - it's all about the points and that business model will ultimately fail...especially when regulation comes marching into this industry. Anybody who says they don't want a SBA loan raises a serious red flag (in my mind suggests the borrower and/or the broker doesn't understand these loans)......like really - why not...? I have a done tons of quick MCA's and then paid them off with a SBA in 60 days. Same thing with hard money property loans. Be a loan officer and look at the big picture.

[Bcooper]

Micah - Vaporcompany? Doesn't have A/R and doesn't want SBA loan...hmmmmmm

not a vapor company. and not to reveal any more details about my deal this merchant will not qualify for the sba due to certain requirements within the sba Sop. Like you older guy I am very familiar with SBA loans and have read and keep a copy of the SBA SOP on my computer. there are several requirements this merchant cannot fufil and therefore the sba is off the table. He also will not take hard money I have already been down that road.

[abfunders]

So apparently his industry is not bankable, hence the MCAs. Consolidation will just add debt onto debt and kick the can down the road. He doesn't want to use real estate, no AR. Have you tried helping arrange personal loans for him? He's probably adverse to those also, right, and he wants a "business loan." If not, send me an email. Tough indeed.

[Olderguy]

1. Personal loan
2. Pawn shop

BTW-Doesn't want a SBA is different from doesn't qualify for SBA. You may want to be more clear in the future.

[Bcooper]

1. Personal loan
2. Pawn shop

BTW-Doesn't want a SBA is different from doesn't qualify for SBA. You may want to be more clear in the future.

He also does not want an SBA soooo

[Olderguy]

He also does not want an SBA soooo

Doesn't want can be addressed by asking why.
I get that all the time from borrowers and brokers.
Doesn't qualify is another matter.
LOL

[Sachip24]

if he holds inventory PM me, I tell you where to send for inventory LOC

[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.
Reach out to us so we can get you singed up and get your deals funded!
We buy out MCA Positions as well pending on the deal status.

[funfunder1]

Sounds like this is a prefect fit for hybrid !
Email us today at kevin@hybridadvancellc.com