Need good rate, $100,000 for 6 month
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  1. #1
    Banned Reputation points: 4530
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    Need good rate, $100,000 for 6 month

    • Wholesale Beef processor
    • Merchant is 3-5 years old
    • $15.6 million annually
    • Existing first lien by factor
    • Average balance 70K, no NSF’s nor negative days
    • No NSF’s nor negative balances
    • Owner credit 758 FICO
    • NO PG available

    Please estimate rates and terms
    Bob Shaw
    734-929-3800

  2. #2
    Member Reputation points: 42
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    New York, NY
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    6 month 1.15 buy rate. You upsell your commission.

  3. #3
    Senior Member Reputation points: 3217 CO1's Avatar
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    Do they accept c.c?

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    If they have 15+ deposits per month, take it to IOU.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  5. #5
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    Need good rate, $100,000 for 6 month

    Term loan? Beef processor probably has to be up to standard with and all that stuff - I'll give you a call, let's see if we can get him a bridge if he needs cash right at this moment and see if he can qualify for a USDA loan... Unless youre just looking for a 6 month because you already did that
    Amanda Kingsley
    DailyFunder: WhoisKingsley
    This is me. https://www.facebook.com/whoiskingsley
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    Always Live and Lead with Integrity.

  6. #6
    Watch out for RCF, they steal deals and don't follow your ISO Agreement. Caught deals going out the back door to Fundzio through them and also caught renewals being funded without paying out. They did rectify it after they were caught though......

  7. #7
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    Quote Originally Posted by RCFsales View Post
    6 month 1.15 buy rate. You upsell your commission.
    What's your contact information?

  8. #8

    Need good rate, $100,000 for 6 month

    Have collateral? If so I can help.
    Last edited by JMoses_WBL; 12-16-2014 at 01:13 PM.

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