Results 1 to 12 of 12
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09-08-2022, 07:55 PM #1
- Join Date
- Apr 2015
- Location
- New York City & Florida
- Posts
- 82
Seeking a 3rd Direct lenders only
We have a client with 3 positions. West coast company revs approx: 400k +- monthly. Has 1st of $79,579 ,2nd approx $113,850,3rd 10k. Seeking a 3rd 300k. Company gets paid from health insurance private and gov't sponsored. Direct lenders only. Owners seeking to beat 1.49 rate and avoid expensive orig. fees
PM me with your contact info. to discuss
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09-08-2022, 08:48 PM #2
Can they factor their A/R? I have a guy who does medical industry factoring
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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09-09-2022, 09:23 AM #3
- Join Date
- Sep 2022
- Posts
- 51
Hey.
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 160 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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09-09-2022, 12:46 PM #4
- Join Date
- Dec 2018
- Posts
- 38
no one is giving you 300k behind 10k funded
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09-09-2022, 12:48 PM #5
- Join Date
- Nov 2019
- Posts
- 691
We need to know more about the file. he already has 3 positions so it the offer he has paying off the 10k position or just giving a fourth position. How long the term is and how much in fees is the funder charging and if the broker is charging any money.What is the current gross reserve.Need to know what his credit is like how much us deposited monthly and what the daily balances are. My company is pretty competitive on stacks if they are not over extended on the gross.
Scott Platto
Tmrnow
212-220-9872
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09-09-2022, 12:57 PM #6
- Join Date
- Apr 2015
- Location
- New York City & Florida
- Posts
- 82
FICO 708 , yes its a 3rd position taking out 10k or waiting a couple days to zero 400k monthly
Rates ?What are your orig fees? comm? comm. pay day?
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09-09-2022, 01:01 PM #7
- Join Date
- Apr 2015
- Location
- New York City & Florida
- Posts
- 82
Seeking 300k as a 3rd payoff 10k balance or wait a couple days to zero
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09-09-2022, 01:29 PM #8
- Join Date
- Nov 2019
- Posts
- 691
If the merchant is not over 25% of the gross and he is keeping at least 5% a day in daily balances based on the actual revenue and has been in business over 2 years this is what we might be able to do.
Our fees on a third position are 3% or $749 which is ever is higher and this case would be higher. If we did 6 months the sell rate would be a 1.33 paying 7 points up front and a 2 point completion bonus as long as they do not default or pay more than 25% behind pace. If it is a medical industry i might be able to go 10 months which is our max on stacks in that case if this all fits it could be 1.44 paying 7 upfront still with a 2 point completion.
If we can get him to get on our platform and become first position we do not refinance the merchants balance like everyone else so he will not need to have 3 positions anymore.
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09-13-2022, 10:33 AM #9
- Join Date
- Dec 2021
- Posts
- 638
Capybara Capital funds a ton of 3rd positions that are priced with much longer terms and @ great low factor rates. marcus@capybarausa.com for ISO Agreement. (we are also from the 3 funders that fund the large whale size deals!)
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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09-13-2022, 11:17 AM #10
- Join Date
- Mar 2022
- Posts
- 63
The guy has been killing it for me recently
Last edited by dollarbillz; 09-22-2022 at 05:53 PM.
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09-20-2022, 10:09 AM #11
- Join Date
- Aug 2022
- Posts
- 28
We're a new high risk B-D lender. We can definitely do a large 3rd position, I'm just concerned about the merchant's current holdback % if the last guys only did $10k. Our sell rate on a high risk 3rd will be a 1.46-1.50 including 10 points. Origination for a 3rd position is also going to be from 5-10% depending on holdback and risk, and commissions are paid every Friday, the week after your deal funds! Send a line to mac@clarityadvance.com for an ISO agreement, and let's get to work!
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09-20-2022, 01:14 PM #12
- Join Date
- Sep 2022
- Posts
- 17
Give me a call willing to give you something better then 1.49
Asher Klien
InstaFund Advance
asher@instafundadvance.com
347-377-0223
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