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  1. #1
    Senior Member Reputation points: 4262 Magicmike18's Avatar
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    7125 Peri Lane Brooklyn Ny 11234
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    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?

  2. #2
    Senior Member Reputation points: 216519
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    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.

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Sep 2021
    Location
    Irvine, CA
    Posts
    2,084

    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

    1012 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.

  4. #4
    We'd love to take a look we fund up to 6th positions.
    Offering daily/Weekly and 3-10 month terms.
    Cris Gonzalez
    Iso Relations Manager
    (786) 368-1815
    Cris@clarityadvance.com
    www.clarityadvance.com

  5. #5
    Senior Member Reputation points: 4262 Magicmike18's Avatar
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    Tax returns show heavy losses

  6. #6
    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

  7. #7
    Quote Originally Posted by Magicmike18 View Post
    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?
    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

  8. #8
    Senior Member Reputation points: 9802
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    Nov 2019
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    638

    Quote Originally Posted by Magicmike18 View Post
    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?
    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.

  9. #9
    Banned Reputation points: 1591
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    Nov 2021
    Location
    Florida
    Posts
    46

    Quote Originally Posted by Magicmike18 View Post
    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?

    Don't mind taking a look here, if his leverage is below a feasible percentage then we can see about a position

    Send me an email!

  10. #10
    we can do it! sent you a dm!
    KIKI
    Wynwood Capital Group

    kiki@wynwoodcapitalgroup.com
    +1 6476768257
    www.wynwoodcapitalgroup.com

  11. #11
    Sounds doable. Can price within the hour, details in the signature.
    203-705-8764

  12. #12
    Senior Member Reputation points: 22201
    Join Date
    Dec 2021
    Posts
    630

    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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