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08-16-2022, 06:45 PM #1
- Join Date
- Jul 2022
- Posts
- 9
2nd Position Construction
Currently has a first position with Ondeck with a payoff balance of $60,000 and a Line of credit with Rapid with a balance of $18,000. Would like to be considered for a payoff of his Ondeck first position with additional capital funding of $60,000 to fund expansion plans. Or be considered for a second position of $60,000 or the most he can qualify for...
Average monthly revenue last 90 days $60k NO Negative Days.
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08-16-2022, 06:55 PM #2
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
How long has the on deck position been in existence? I wouldn’t consolidate because the merchant is already leveraged 100% of its monthly. Is on deck still pulling on the 60K bal?
I can stack the merchant two more positions, maybe 30K each lender i syndicate with. Pm me if you’re interested
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08-17-2022, 12:46 PM #3
- Join Date
- Aug 2021
- Posts
- 120
I can probably get you $25-45K here. Ondeck's balance is too high to pay off..
Send me and email for our guidelines Andrew@efinancialtree.comAndrew@efinancialtree.com
eFinancial Tree
C: 815 260 0284 (Call or Text)
Submissions@efinancialtree.com
https://www.efinancialtree.com/
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08-17-2022, 12:52 PM #4
- Join Date
- Aug 2021
- Posts
- 5
Rocket Capital should be able to do 50k+ on this pending AR.
Steve Rose
Director of ISO Relations
954-305-7737
Steve@rocketcapllc.com
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08-17-2022, 01:06 PM #5
Does he have any real extate?
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