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  1. #1
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    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.

  2. #2
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    Quote Originally Posted by Quickfunder View Post
    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.
    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

  3. #3
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    send it over

  4. #4
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  5. #5
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    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

    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.

  6. #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/

  7. #7
    Senior Member Reputation points: 81655
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    Quote Originally Posted by Quickfunder View Post
    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.
    What is the "Usage of Funds" What is the Long-Term Strategy
    3 MCA's and still seeking money? This business owner needs to go in another direction.

    MCA Debt Restructuring or possibly a Term Loan , SBA Express-SBA7(a) - Do the have Real Estate ?
    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

  8. #8
    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

  9. #9
    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

  10. #10
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    Sounds like this is a prefect fit for hybrid
    Email us today kevin@hybridadvancellc.com

  11. #11
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    send it to david@ajequity.com

  12. #12
    Senior Member Reputation points: 2782
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    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?

  13. #13
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    nevermiund I re-read the post. I see this is auto repair. I am looking for used auto.

  14. #14
    We can probably get something done here.
    Shoot me an Email/Call I'd love to discuss the deal further.
    Cris Gonzalez
    Iso Relations Manager
    (786) 368-1815
    Cris@clarityadvance.com
    www.clarityadvance.com

  15. #15
    Banned Reputation points: 14
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    send it to liv funding and get an offer within 10 mins

    submissions@livfunding.com

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