California merchant doing 400k a month
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  1. #1
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    California merchant doing 400k a month

    Have a California merchant auto repair doing 400k a month has strong banks first position but has had mca before. Merchant has bad credit have 3 offers for 250k 200k and 150k. Looking for best payback.
    Last edited by Fundthis!; 10-10-2023 at 04:51 PM.

  2. #2
    wouldn't you have the answer to that
    Woosevelt Vieux
    Business Relations Manager
    New Jersey Tribeca Group
    1 Bridge Plaza N, Fort Lee, NJ 07024
    C: 914-810-4304
    W.Vieux@NJTribecaGroup.com

    https://www.njtribecagroup.com/appli...ibecagroup.com

  3. #3
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    Quote Originally Posted by wvieux View Post
    wouldn't you have the answer to that
    Why is it you get the dumbest replies from the people with the new accounts

  4. #4
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    Quote Originally Posted by Fundthis! View Post
    Have a California merchant auto repair doing 400k a month has strong banks first position but has had mca before. Merchant has bad credit have 3 offers for 250k 200k and 150k. Looking for best payback.
    Is the mca history poor or bad it back with no problems. Is he looking for the best payback or most money or longest term or best program. My first position deal works kind of like a line of credit. If he is looking for more money on a regular basis taking a shorter term for a better rate and taking frequent renewals that just extends the term out. I have merchants that been with me 5-6 years and got funded 15 times or more with a total cost of between 30-38% for several years.

    Scott Platto
    scott@tmrnow.com
    tmrnow.com
    212-220-9872

  5. #5
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    We fund a lot of auto repair shops and parts stores with our credit card sales based MCA.

    Items needed for soft offer:
    1.Signed application
    2.August and September business bank statements
    3.Credit card processing portal login credentials OR Most recent 6 months credit card processing statements

    We don't charge junk fees. Merchant nets full offer unless we are consolidating a position.
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  6. #6
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    Quote Originally Posted by Jason Sterling View Post
    We fund a lot of auto repair shops and parts stores with our credit card sales based MCA.

    Items needed for soft offer:
    1.Signed application
    2.August and September business bank statements
    3.Credit card processing portal login credentials OR Most recent 6 months credit card processing statements

    We don't charge junk fees. Merchant nets full offer unless we are consolidating a position.
    It's a no go, I don't understand why you need to run my credit to become an iso.

  7. #7
    Senior Member Reputation points: 150 CornerStoneFunding's Avatar
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    Quote Originally Posted by Fundthis! View Post
    It's a no go, I don't understand why you need to run my credit to become an iso.
    we don't run credit for you to sign up as an iso. Come get signed up with us!
    Mike Guiliano
    ISO Relations Manager
    (786) 629-5771
    3111 N University Blvd Suite 604
    Coral Springs, FL
    michael@cornerstonefundingllc.com

  8. #8
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by Fundthis! View Post
    Have a California merchant auto repair doing 400k a month has strong banks first position but has had mca before. Merchant has bad credit have 3 offers for 250k 200k and 150k. Looking for best payback.
    what is the credit, bad is a very general term? And when you say he has had a cash advance before did he payoff in good standing?
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  9. #9
    Symplifi has a minimum FICO requirement of 500+. You can reach out to me via my contact details below I'd be happy to assist in any way I can.
    Ivan M.
    ivan@symplificapital.com
    (917) 633-5832

    1st-4th position B/C paper deals, DIRECT FUNDING SOURCE
    Terms up to 200 payments w. weekly payment options
    Renewal at 40%
    15% COMMISSIONS AVAILABLE FOR YOU TODAY!
    CALL ME FOR AN ISO AGREEMENT NOW!

  10. #10
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    Thank Ivan but i am looking for a direct lender that doesn't white label or shop my deal thanks
    Last edited by Fundthis!; 10-11-2023 at 11:56 AM.

  11. #11
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    Sub 500 and yes paid off and good standing.
    Excellent banks

  12. #12
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    Quote Originally Posted by J.Celifarco View Post
    what is the credit, bad is a very general term? And when you say he has had a cash advance before did he payoff in good standing?
    Sub 500 and yes paid off and good standing.
    Excellent banks

  13. #13
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    Quote Originally Posted by Fundthis! View Post
    Sub 500 and yes paid off and good standing.
    Excellent banks
    Why is the credit sub 500. What is on it that is making the credit so low. I work for a direct funder and we just do not look at the score we look at the content on the credit that makes up the score. If my company gives an offer it would probably be a 2-3 month high cost starter program. But our first position renewals are a true add on like a line of credit that does not refinance the old balance and double dips the merchant on the old balances. As time goes on and he fixes his credit up and pays us with no issues we will better the rate and terms.

  14. #14
    We can probably do something for you in this space -

    Sign UP here www.pazfundingsource.com/partner/

    Funding all states
    Commissions at 14%
    Direct Funder
    1 hour approval
    Full commission on renewals
    Weekly payment available


    Daniel Gold
    Paz Funding Source LLC
    310-845-6112
    Dan@PazFundingSource.com

  15. #15
    Contact me I'm interested, we're direct funders. 917-291-0586 or send the submission to Jay@pinnacleadvances.com

  16. #16
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    We don't look at credit, strictly business revenue, what rate are you looking for?

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