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  1. #1

    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

  2. #2
    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.com
    Eric Hersh
    Overnight Capital

    T (929)339-0086
    C: (917) 500-3981
    www.overnight-capital.com
    eric@overnight-capital.com

  3. #3
    Senior Member Reputation points: 9802
    Join Date
    Nov 2019
    Posts
    638

    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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