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  1. #1
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    Reverse

    Who funds on top of a reverse?

  2. #2
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    I wonder if this a troll question to see who Sean will ban next?

  3. #3
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    not a troll serious question,

    have merchant who has great credit over 700. Making 300k a month. But has a reverse

    Just wondering.

    I know EBF does but gave a weak offer. but i understand why lol

  4. #4
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    Quote Originally Posted by Robinhood21 View Post
    not a troll serious question,

    have merchant who has great credit over 700. Making 300k a month. But has a reverse

    Just wondering.

    I know EBF does but gave a weak offer. but i understand why lol
    I can take a look, we fund behind reverses.
    Moe Braun
    Rocket Capital
    (C)848-318-2598
    (O)786-937-3556
    Moe@rocketcapllc.com
    http://rocketcapllc.com

  5. #5
    Senior Member Reputation points: 122949 BR-Nightmare's Avatar
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    Quote Originally Posted by Robinhood21 View Post
    not a troll serious question,

    have merchant who has great credit over 700. Making 300k a month. But has a reverse

    Just wondering.

    I know EBF does but gave a weak offer. but i understand why lol
    You play with fire stacking a reverse.

    Many of them consider it a breach of contract.

    You could unintentionally screw over the Merchant
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  6. #6
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Soooo...pardon me for injecting some alternative universe point of view.....if a person is in a reverse and needs more money....the last thing he should be seeking is more money.

    He needs to stop what he is doing and get some professional help running his business.

    Shut down and start over.

    Talk to a bankruptcy attorney

    Get ahold of an accounting support company (which I have access) to restructure his operations.

    I realize this is outside of the scope of most of the people on this site....but I would recommend you steer yourself into alternative options for prospects and clients other than the quick buck, no brains required MCA products.

    The future of this business and industry is doomed...like the mortgage business was in 2008. Regulation is coming.
    Last edited by Olderguy; 07-13-2023 at 06:51 PM.
    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.

  7. #7
    Senior Member Reputation points: 3325
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    Quote Originally Posted by Olderguy View Post
    Soooo...pardon me for injecting some alternative universe point of view.....if a person is in a reverse and needs more money....the last thing he should be seeking is more money.

    He needs to stop what he is doing and get some professional help running his business.

    Shut down and start over.

    Talk to a bankruptcy attorney

    Get ahold of an accounting support company (which I have access) to restructure his operations.

    I realize this is outside of the scope of most of the people on this site....but I would recommend you steer yourself into alternative options for prospects and clients other than the quick buck, no brains required MCA products.

    The future of this business and industry is doomed...like the mortgage business was in 2008. Regulation is coming.

    I am well aware the merchant is digging himself a whole. But merchant literally put himself in this mess. I gave the merchant 2 18 months deals. Merchant decides to take a reverse and here were are

  8. #8
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Like I said.....let's dig the hole deeper and put him further in debt.

    There are better alternatives than this.

    Does he have any property to do a hard money loan?

    Any equipment we do cash out on?
    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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