Results 1 to 15 of 15
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03-07-2023, 04:16 PM #1
- Join Date
- Apr 2013
- Posts
- 358
Auto Repair doing $175K needs 2nd or 3rd position
Merchant has $103K with On Deck, $20K with another, $55K with another.
We are looking to consolidate one or two of the smaller balances and looking for new partners who can do additional positions.
Thanks in advance.
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03-07-2023, 04:21 PM #2
- Join Date
- Nov 2019
- Posts
- 679
It will depend on when he got those positions to see if we can offer a higher amount and as well as daily balances and gross reserve. My company has paid off a 3rd poition to go into third if the deal makes sense and feel confident that he will not keep taking more deals after us.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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03-07-2023, 05:48 PM #3
- Join Date
- Apr 2022
- Location
- New York
- Posts
- 78
send it over
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03-08-2023, 11:29 AM #4
- Join Date
- Jun 2022
- Posts
- 86
send it over
eugene@equitaadvance.com
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03-08-2023, 11:56 AM #5
Have you looked into seeing if this merchant can get something better than stacking MCA loans? Cash out from equpment or any asset maybe? Or property loan? Or personal loan? Or term loan?
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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03-08-2023, 12:38 PM #6
HMU brother, we're doing HUGE 2nd, 3rd and 4th position deals
We specialize in funding:
Deals w prior Defaults
"Over Leveraged" deals
All Positions (as long as there is space)
Low FICO scores
and all other "difficult" deals
To submit a file or to request an ISO Agreement, kindly email underwriting@supremefunding.net.
I look forward to hearing from you.
Rasheed Miller
(917) 933-3095 (text or call)
https://supremefunding.net/
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03-09-2023, 08:15 AM #7
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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03-09-2023, 11:09 AM #8
- Join Date
- Mar 2022
- Posts
- 33
ADVANCE: $5,000- 500k (note we do take our time with offers beyond $100,000)
Buy rate: B paper 1.35-1.38/ C paper 1.37-1.40/ D paper 1.40 MAX UPSELL 1.50
Term: B paper 80-125 days/ C paper 45-100 days/ D paper up to 80 days(mainly for higher rev files)
Defaults? On C- And below with payment history! And satisfied
Restricted Industry/ Trucking/ Micro construction, legal firms, financial services, house flippers.
Restricted states/ CA/VA/UT/OH/NC
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03-14-2023, 01:42 PM #9
- Join Date
- Nov 2021
- Posts
- 58
Bcp can approve 150 taking out the 20k for sure and possibly the 55k
can net a good 60-70k
commission would be 12%
possible offer: 150k 1.43 180 days
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03-21-2023, 12:01 PM #10
- Join Date
- Apr 2021
- Posts
- 121
Sounds like this is a prefect fit for hybrid
Email us today kevin@hybridadvancellc.com
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03-21-2023, 12:11 PM #11
- Join Date
- Jun 2022
- Posts
- 47
send it to david@ajequity.com
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03-22-2023, 03:25 PM #12
- Join Date
- Apr 2014
- Location
- New York
- Posts
- 274
who were the lenders with 1st and 2nd position? I also have a used auto file doing 200k per month and I am looking for the best lender for it. I know pearl will do it, but are there any better A or B paper lenders that will give me a strong offer?
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03-22-2023, 03:27 PM #13
- Join Date
- Apr 2014
- Location
- New York
- Posts
- 274
nevermiund I re-read the post. I see this is auto repair. I am looking for used auto.
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03-23-2023, 08:54 AM #14
- Join Date
- Sep 2022
- Posts
- 58
We can probably get something done here.
Shoot me an Email/Call I'd love to discuss the deal further.
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03-23-2023, 11:47 AM #15
- Join Date
- Feb 2023
- Posts
- 13
send it to liv funding and get an offer within 10 mins
submissions@livfunding.com
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