[fundingmanager]

Have a client I've worked with for years who typically only holds one position and renews once a year in November, but unbeknownst to me, a little over a month ago he m took a second position and now the original lender won't renew him.

Looking for a third position at the best possible buy rate as the merchant is extremely rate sensitive. Credit is roughly 800, does 200k a month and his balances total 54k. 12k first position, 42k second

[goatFunding]

Have a client I've worked with for years who typically only holds one position and renews once a year in November, but unbeknownst to me, a little over a month ago he m took a second position and now the original lender won't renew him.

Looking for a third position at the best possible buy rate as the merchant is extremely rate sensitive. Credit is roughly 800, does 200k a month and his balances total 54k. 12k first position, 42k second

Who is the First pos?

[Olderguy]

Any reason these people don't qualify for a term loan or SBA 7A? Or get a LOC if they need quick cash? Reach out if you need any help with these.

Just another suggestion, I'd look at the merchants' whole financial picture to see what they have now and what might be the best option for now and for the future. This industry needs people to be more like loan officers rather than just MCA brokers if you want be successful in the future.

[abfunders]

If he's already got a first position LOC (which is why he's got the 1st), then business credit cards will be the perfect addition here. Alternatively, a revamped LOC in first behind the existing debt. (Is the 1st position Credibly? They don't stand for stacking I know.)

[Andrew@eFi]

I might be able to buyout that $12k balance, if not I can try for a 3rd ---- Depends on industry, daily balances & who's in the file.

email me Andrew@efinancialtree.com

[closer129]

Have a client I've worked with for years who typically only holds one position and renews once a year in November, but unbeknownst to me, a little over a month ago he m took a second position and now the original lender won't renew him.

Looking for a third position at the best possible buy rate as the merchant is extremely rate sensitive. Credit is roughly 800, does 200k a month and his balances total 54k. 12k first position, 42k second

My Stack positions all have the same rates. I need to know more about the file. What are daily balances and what are the payments to both advances. If it is strong enough maybe we can buy out the 12k balance. Depending on industry and everything else i can go out to 10 months on a second maybe third position.

Scott Platto
scott@tmrnow.com
www.tmrnow.com
212-220-9872.

[Clarity Advance]

We specialize in 2-4th positions
Terms from 3-10 months
We'd love to take a look at the deal if you still need some funding.

[MichaelP]

Have a client I've worked with for years who typically only holds one position and renews once a year in November, but unbeknownst to me, a little over a month ago he m took a second position and now the original lender won't renew him.

Looking for a third position at the best possible buy rate as the merchant is extremely rate sensitive. Credit is roughly 800, does 200k a month and his balances total 54k. 12k first position, 42k second

Rate Sensitive??? He has 2 positions...

[Tyler | Capitalize]

Depending on how rate sensitive the merchant is, Capitalize might be able to help you out with this one.

Please submit your deal to tyler@capitalizegroup.com for an offer.

[firsttierfunding]

ufs
fiji
apex
pinnacle

[goatFunding]

ufs
fiji
apex
pinnacle

fiji

[MCA-VET]

Capybara Capital is where the Uber-Conservative (mainly merchant services ISO's) come to do their clients 3rds. (Reason Longer terms with great low buy-rates).

[Guilds12]

Have a client I've worked with for years who typically only holds one position and renews once a year in November, but unbeknownst to me, a little over a month ago he m took a second position and now the original lender won't renew him.

Looking for a third position at the best possible buy rate as the merchant is extremely rate sensitive. Credit is roughly 800, does 200k a month and his balances total 54k. 12k first position, 42k second

Did you get the money you need for this client? If not, I might have an attractive solution.

[Lmonus]

Have a client I've worked with for years who typically only holds one position and renews once a year in November, but unbeknownst to me, a little over a month ago he m took a second position and now the original lender won't renew him.

Looking for a third position at the best possible buy rate as the merchant is extremely rate sensitive. Credit is roughly 800, does 200k a month and his balances total 54k. 12k first position, 42k second

If you havent found a home for this yet, please let me know. If the 1st position is not going to refi this looks like a sick deal. Sounds like a 80-100k 2nd, maybe paying off the first? Probably will be in the mid 1.3's paying probably 4-6 depending where you land on cost. Let me know!