Results 1 to 6 of 6
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12-02-2014, 11:40 PM #1
- Join Date
- Apr 2014
- Posts
- 781
Looking to buy out a 2nd advance
If a lender is going to use his send me the paper for the deal and i'll look at it, then I won't send it. My customer has a 2nd that he owes 50 and he is maybe 30 percent thru it. He DOESN'T want a third advance, the only option is to payoff the 2nd and get him more. The responses will be entertaining..lol
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12-02-2014, 11:57 PM #2
- Join Date
- Jul 2014
- Posts
- 82
Looking to buy out a 2nd advance
Why not pay off 1st & 2nd with a 36 month term loan around 11%apr and Additionally give him a line of credit or 2. Let me know if helping your merchant is of interest to you.
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12-03-2014, 12:40 PM #3
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
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12-09-2014, 07:50 AM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Above poster is correct: If the clients cash flow (projected with a term loan), balance sheet and financials support a more traditional product, lenders will buy out both advances and take a collateralized position.
These products take 7-10 days to fund.. Feel free to reply for more information or call 866 681 1227.. Ask for Richard
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12-30-2014, 02:54 PM #5
We can buy out both positions and come in on a 1st with a collateralized loan and may be able to get him a line of credit as well
Miguel Martinez
Financial Coordinator
World Business Lenders
81 Market Square Unit 7
Newington, CT 06111
Toll-Free: (888) 441-9500 ext 235
Efax: (646) 417-7150
Mobile: (860) 759-6365
Email: mmartinez@wbl.com
www.wbl.com
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01-23-2015, 01:12 PM #6
- Join Date
- Jan 2015
- Posts
- 29
I can definitely help you with this! Please contact me at funding@berkmanfunding.com
We do deals like this everyday. Would love to help.Last edited by SK215; 01-23-2015 at 02:16 PM.
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