1st POS Concrete/Pavement
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  1. #1
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    1st POS Concrete/Pavement

    Merchant has ZERO negative days in 5 months (3-4 days at less than 500 but not negative) mostly 2K+. Does 65-90K monthly, more than 5 deposits monthly. No positions, no defaults. I'm looking for 120 days, 40K. NO 1.49 Thank you.

  2. #2
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    May be able to offer something, as long as the company is not in Utah, Hawaii, or Puerto Rico, what rate are you looking for here?

  3. #3
    Senior Member Reputation points: 16767 fundinggrasshopper's Avatar
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    Quote Originally Posted by FunderFunding View Post
    Merchant has ZERO negative days in 5 months (3-4 days at less than 500 but not negative) mostly 2K+. Does 65-90K monthly, more than 5 deposits monthly. No positions, no defaults. I'm looking for 120 days, 40K. NO 1.49 Thank you.
    unless the clients credit is great i think you're gonna mostly get 1.49's here. from what you've said seems like they have ok but not great balances.

    greenbox or credibly is probably your best bet if credit isnt horrible

  4. #4
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    Quote Originally Posted by FunderFunding View Post
    Merchant has ZERO negative days in 5 months (3-4 days at less than 500 but not negative) mostly 2K+. Does 65-90K monthly, more than 5 deposits monthly. No positions, no defaults. I'm looking for 120 days, 40K. NO 1.49 Thank you.
    Like someone else said based on your post the balances are not really healthy. A business with health cash flow should be keeping at least around 5% of what is deposited monthly in daily balances and sounds like this guy does not. I can take a look at it nd depending on where the balances are every day credit and tib i can try to get you an offer with less than a 1.499. My first postion renewals work kind of like a credit line so rate and term does not really matter of the merchants need more money which most do.

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

  5. #5
    Member Reputation points: 48 joey funds's Avatar
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    If TIB is over a year I can take a look.

    You can down-sell the rate in the low 1.3s.

    Joey Andreoni
    Rocket Capital
    (C)848-318-2721
    (O)786-954-5086
    Joey@rocketcapllc.com
    https://rocketcapllc.com/

  6. #6
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    Quote Originally Posted by FunderFunding View Post
    Merchant has ZERO negative days in 5 months (3-4 days at less than 500 but not negative) mostly 2K+. Does 65-90K monthly, more than 5 deposits monthly. No positions, no defaults. I'm looking for 120 days, 40K. NO 1.49 Thank you.
    We can consider this. As for rates, you can sell this lower than 1.499 but it will affect your commission. Although our fundings do not come with predetermined term lengths, we have the flexibility to base our offers on up to 250 estimated daily installments. We also offer weekly structures for all offers.
    East Shore Equities, LLC
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

  7. #7
    Senior Member Reputation points: 150 CornerStoneFunding's Avatar
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    Quote Originally Posted by FunderFunding View Post
    Merchant has ZERO negative days in 5 months (3-4 days at less than 500 but not negative) mostly 2K+. Does 65-90K monthly, more than 5 deposits monthly. No positions, no defaults. I'm looking for 120 days, 40K. NO 1.49 Thank you.
    can the merchant provide you with invoices for jobs lined up for the next 3-4 months? if so, we will take a look at it 1st position. let me know
    Mike Guiliano
    ISO Relations Manager
    (786) 629-5771
    3111 N University Blvd Suite 604
    Coral Springs, FL
    michael@cornerstonefundingllc.com

  8. #8
    Senior Member Reputation points: 35668
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    Quote Originally Posted by FunderFunding View Post
    Merchant has ZERO negative days in 5 months (3-4 days at less than 500 but not negative) mostly 2K+. Does 65-90K monthly, more than 5 deposits monthly. No positions, no defaults. I'm looking for 120 days, 40K. NO 1.49 Thank you.
    Fenix/ebf/gbox/credibly/knight/efinancial
    Last edited by Zonefund; 10-30-2023 at 03:52 PM.

  9. #9
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    I can help consolidating debt, Lee@stallingcapitalpartners.com

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