Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1

    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.

  2. #2
    Senior Member Reputation points: 35
    Join Date
    Nov 2021
    Location
    Brickell Miami FL
    Posts
    153

    Quote Originally Posted by Jmcv View Post
    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.
    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

  3. #3
    Senior Member Reputation points: 99
    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.com

  4. #4
    Quote Originally Posted by Jmcv View Post
    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.
    Rocket Capital should be able to do 50k+ on this pending AR.

    Steve Rose
    Director of ISO Relations
    954-305-7737
    Steve@rocketcapllc.com

  5. #5
    Member Reputation points: 4699 Rickinindy's Avatar
    Join Date
    Oct 2018
    Location
    Indianapolis
    Posts
    59

    Does he have any real extate?
    Metromedia Funding Solutions LLC
    55 Monument Circle Suite 745*
    Indianapolis Indiana 46204
    317-649-0110*
    https://www.metromediafunding.com/

    Like us on Facebook!https://www.facebook.com/mpmetromedia/

    Rick@metromediafunding.com

    Your friends in funding.

Similar Threads

  1. 1st Position Construction
    By JussBusiness in forum Deal Bin
    Replies: 7
    Last Post: 05-11-2022, 02:57 PM
  2. 3rd position offer - Construction co
    By IntegrityCapitalAdvance in forum Deal Bin
    Replies: 6
    Last Post: 02-20-2021, 09:34 PM
  3. Construction - 1st Position Deal
    By 1Loanguy in forum Merchant Cash Advance
    Replies: 12
    Last Post: 10-26-2020, 02:57 PM
  4. Fifth Position for Texas Construction Sub
    By TedFundy in forum Deal Bin
    Replies: 7
    Last Post: 05-08-2017, 07:19 PM
  5. second position construction $250k or better
    By viper066 in forum Deal Bin
    Replies: 9
    Last Post: 01-26-2017, 07:58 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

SubcontractorHub, Lendica partner
BoA launches business loan marketplace
Quickbooks adds new LOC product


DIRECTORY