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09-15-2022, 02:38 AM #1
- Join Date
- Aug 2020
- Location
- 7125 Peri Lane Brooklyn Ny 11234
- Posts
- 113
4th Position
Credit-800+
Monthly Revenue-175k
Nsfs-Never/None in last 5 months
Time in business-7 years
Type of business-Retail
Has one advance through credit cards and two taking out weekly. Does not care about rate, but Will only take weekly, no daily in 4th can anyone assist?
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09-15-2022, 07:50 AM #2
- Join Date
- Feb 2017
- Posts
- 3,463
Why is this client taking cash advances? I assume he's already got an SBA/EIDL or LOC in first position? Can you trust me to try to get him a monthly? I mean, that is, if the credit is really 800+. With 3 MCAs, his inquiries are probably up the wazzoo, so it might be a longer process.
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09-15-2022, 08:45 AM #3
Is there some reason this client doesn't qualify for a term loan? Are they making money on their tax returns/P & L?
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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09-15-2022, 09:13 AM #4
- Join Date
- Sep 2022
- Posts
- 58
We'd love to take a look we fund up to 6th positions.
Offering daily/Weekly and 3-10 month terms.
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09-15-2022, 09:19 AM #5
- Join Date
- Aug 2020
- Location
- 7125 Peri Lane Brooklyn Ny 11234
- Posts
- 113
Tax returns show heavy losses
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09-15-2022, 09:55 AM #6
- Join Date
- Sep 2022
- Posts
- 31
just DM'd you.
Connor Toomey
Priority Capital – Account Executive
174 Green St. | Melrose, MA 02176
Direct: 339-293-6159
Email- ctoomey@prioritycapital.com
www.prioritycapital.com
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09-15-2022, 10:34 AM #7
- Join Date
- May 2022
- Posts
- 98
Sounds like something we can work with. Would love to take a look.
Our funding Criteria:
- 5k minimum funding
- B, C, D paper
- Offers not based on credit score - low credit ok
- Response time (realistically) as low as 60 minutes
- 1st - 5th position - Up to 35% withhold of net deposits
- As low as 1.32 buy rates
- Terms up to 140 days (weekly's upon approval)
- Max Upsell to 15 points
- Early Payoff Discounts
- 15k a month average revenue
- Minimum of 5 deposits per month
- Minimal stips (VC & ID)
- Docusign Contracts
-Term Loans and LOC available for A & B paper
Michael Ross
Lendbug
New York, NY
Mross@lendbug.com
646-360-0411
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09-15-2022, 10:43 AM #8
- Join Date
- Nov 2019
- Posts
- 691
Since he is doing 175k a day are his daily balances over 9k a day every day. Are all his advance payments total under 25% of the gross would be 43,750 a month in payments. If that is the case i might be able to get you a weekly offer. Or if the cc deal is small enough pay that off and do a cc split as well.
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09-15-2022, 10:59 AM #9
- Join Date
- Nov 2021
- Location
- Florida
- Posts
- 46
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09-15-2022, 03:47 PM #10
we can do it! sent you a dm!
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09-15-2022, 04:01 PM #11
Sounds doable. Can price within the hour, details in the signature.
203-705-8764
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09-16-2022, 12:38 PM #12
- Join Date
- Dec 2021
- Posts
- 638
Capybara Capital is open to weekly's. We win many deals by our ability to go Higher / longer and lower-buy rates. ISO's claim we are a top 3 in being able to fund the REAL LARGE WHALES. (IN ASAP SPEED!).
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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