Results 1 to 3 of 3
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09-02-2022, 12:15 AM #1
- Join Date
- Nov 2020
- Posts
- 6
Restaurant Consolidation
TIB 10 plus year
CRB: 650 middle
Deposits: $249,000 average over the last 3 months
open MCA balances
1st $92K
2nd $42K
Merchant wants to payoff existing positions and secure another $50k.... Looking for a funder that can offer a lengthy term with a factor of 1.35 or better ...daily preferred by merchant
prefer same day closing as the merchant has a marketing agenda scheduled for the holiday.
Please respond via private message
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09-04-2022, 12:08 PM #2
- Join Date
- Sep 2022
- Posts
- 51
We specialize in:
-High Risk deals
-B-D paper
-Most Industries except Auto Sales, Real Estate and Lawyers
-30k min avg revenue
Our Product:
25k to 1 million funding amount
Terms UP TO 140 DAYS
Up to 15 points upsell
Early Payoff Discounts
Early Renewal offers
Instant DocuSign Contracts
We do not fund open judgements
You can submit your deals directly to:
Eric@overnight-capital.comEric Hersh
Overnight Capital
T (929)339-0086
C: (917) 500-3981
www.overnight-capital.com
eric@overnight-capital.com
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09-06-2022, 01:19 PM #3
- Join Date
- Nov 2019
- Posts
- 669
The merchant is looking for 184k going to payoff 134,000 to net 50k, Even if they get a factor rate at 1.25 the cost on 184k will be 46k and is only netting 50k. So now that 1.25 is actually costing them 99%. Has that been explained to them and see if they can get a third position which would be a hell of a lot cheaper. Or maybe payoff the second position at least so it will not be as bad as paying off both positions.
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