[felix75051]

Happy Holidays to everyone:

I have a client - owns restaurant - have a 1st lien with balance around $23k and 2nd balance around $2900 - Need to either consolidate and to net $15k or payoff the 2nd and net $20k

Average Monthly volume is $15,000

clients need funds asap.

Interested? email me at: felix@1stbusinessfinance.com 817-722-7582

[jmuller]

email me I can get it done john@omnivestholdings.com

[funding pro]

email me I can get it done john@omnivestholdings.com

How the hell do you know you can get this done???? First off, you know nothing about the SIC, nothing about the TIB, nothing about the credit, and most importantly nothing about the banks. Throwing out a blanket statement like this just tells me you are either terribly inexperienced or are just saying whatever it takes to get someone to send you a deal. On top of it all, the numbers in either of those situations are terribly far off from what the merchant would qualify for barring them having extremely high daily balances which is unlikely given his predicament of having 2 open advances and needing more cash.

[Drizzle]

Well said!

[jmuller]

been at this for over a decade guys and have gotten crazier things done.

[jmuller]

the fact that he's with on deck tells tin is over 6 MN the sic code not really relevant to us

[FUSIONCAPITAL]

Felix,

When was ODC funded or what completion % are they? To have someone pay off ODC and the 2nd and expect a competitive rate like ODC will be pretty unrealistic if you are not near 50% completion. In any event, we may be able to consolidate the 2nd if we have more information on the balances and a better look at their bank/cc statements.

We are currently offering a promotion of 11% on the funded amount for new submissions for the end of the year push to finish 2014 strong.

Pm us for details!

[GRP Funding]

I don't see any mention of ODC in Felix's post. Merchant does $180k/yr in sales and has $26k in balances still looking for more? Why does it matter what % completed they are?

[WhoisKingsley]

What I am trying to figure out is how they have an Average Monthly volume of $15,000 (less than $200k annually) but has a first balance of $23k... how long ago did this merchant get a 1st let alone a 2nd that their balances exceed their monthly volume so much?

If a merchant got funded with an additional position within 30 days and looks to consolidate with nothing backing it- it would be hard to do. Think about it... you got a loan, okay. You needed more money so you got an expensive second position and now you can't afford either. You want to "refi" or "consolidate" your balances? Well, you better have something to back it up because you, as a business owner, already show signs of instability.

- Credit = 650+ in this situation because his annual is so low
- Does he own the place? The property? - If he doesn't want to use collateral, it will be based on credit and TIB, and the business and personal financials need to be reviewed.

It doesn't matter who he got funded with before. If he wants a term loan or line he needs to have decent credit and is able to show financials.

[FUSIONCAPITAL]

Brian,

I think being just recently funded or having been funded months ago makes a big difference, don't you think? You are right there was no mention of ODC, we were under that assumption to the follow up by Jmuller

[Chambo]

email me I can get it done john@omnivestholdings.com

Average monthly volume is $15K and the outstanding balances are about $26K? You can consolidate that deal? What crack are you smoking?

[GRP Funding]

Brian,

I think being just recently funded or having been funded months ago makes a big difference, don't you think? You are right there was no mention of ODC, we were under that assumption to the follow up by Jmuller

If a merchant is stacking and has a $26k balance with a gross sales of $180k - no, I don't think it matters if they were funded last year or last week. Garbage is garbage.

[CherelleSOS]

I am crying so hard at how well this was said lol!

[funding pro]

been at this for over a decade guys and have gotten crazier things done.

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[Erin Dreselly]

I emailed you