[dollarbillz]

I have a merchant i syndicated 100% of the deal on someone's platform. The merchant will not take a renewal but will do an add-on. How can I structure an add-on?

the deal was
40k
120 days
1.49
33k balance

any help would be appreciated as the guy whose platform I did it on does not know how

[Regium]

The easiest way is to run a 2nd account side by side, stacking your 1st advance

2 ACH's, 1 for each account

[fundinggrasshopper]

you have 14k ish remaining on principal as they are 55% in,

so to add on any more than 15k will effectively bring your total balance back to the initial balance.

15k really should be your absolute max even if pay run to this point has been good.

[Robinhood21]

I have a merchant i syndicated 100% of the deal on someone's platform. The merchant will not take a renewal but will do an add-on. How can I structure an add-on?

the deal was
40k
120 days
1.49
33k balance

any help would be appreciated as the guy whose platform I did it on does not know how

If that was me find a another funder to fund the deal for you and risk less exposure for yourself

[dollarbillz]

you have 14k ish remaining on principal as they are 55% in,

so to add on any more than 15k will effectively bring your total balance back to the initial balance.

15k really should be your absolute max even if pay run to this point has been good.

nah its the 5th renewal. Now the merchant is waking up that the renewals are interest on interest...

[closer129]

I have a merchant i syndicated 100% of the deal on someone's platform. The merchant will not take a renewal but will do an add-on. How can I structure an add-on?

the deal was
40k
120 days
1.49
33k balance

any help would be appreciated as the guy whose platform I did it on does not know how

This is how my company does all our first position renewals. If you want to give me a call i can explain it to you so that you can keep this merchant. Hopefully fund deals with us.

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

[freeprocessing]

I have a merchant i syndicated 100% of the deal on someone's platform. The merchant will not take a renewal but will do an add-on. How can I structure an add-on?

the deal was
40k
120 days
1.49
33k balance

any help would be appreciated as the guy whose platform I did it on does not know how

I don't think there is much to it. You are in the green. You have been funding it for a while. You can put all your profits into an add on but if he goes bust all that work for nothing. Depends on your risk appetite. I would give him a competitive second so he does not shop but at the same time something that would make a refi look sexier. 75 day deal etc.