Reverse needed
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  1. #1

    Reverse needed

    5 positions 650k balance
    Tech service industry
    Has offer from g&g for 20% discount

  2. #2
    Gfe, velocity, silverline

  3. #3
    Senior Member Reputation points: 84417
    Join Date
    Mar 2014

    Quote Originally Posted by Swordfish View Post
    5 positions 650k balance
    Tech service industry
    Has offer from g&g for 20% discount
    You need to provide more information - But, the merchant owes $650K - in MCA $$$'s ?

    They need a better solution than a reverse.
    Dave Lambert, Business Development
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  4. #4
    Senior Member Reputation points: 4599
    Join Date
    Feb 2014

    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax

  5. #5
    Who are the lendors?

  6. #6

  7. #7
    Senior Member Reputation points: 48770
    Join Date
    Aug 2018

    Quote Originally Posted by Loading View Post
    Gfe, velocity, silverline
    Gfe silverline cap at 500k

    Ibex if they still reverse

  8. #8
    Senior Member Reputation points: 78889 Olderguy's Avatar
    Join Date
    Sep 2021
    Irvine, CA

    You and your merchant are trying to stop a bleeding artery with a band aid.
    You guys know MCA, Reverses and debt consolidation which are temporary fixes, but not solutions.

    Merchants in this situation need professional financial assistance to guide them on how to run their businesses that doesn't depend on the use of high cost debt.

    5 positions?...not fiscally responsible. Reverse on top of it? Doesn't solve the problem.

    These merchants need the help of a remote review their finances, determine why they are in this mess and help them to steer their business in the direction to fix the probem.

    This industry is evolving....are you prepared and ready to offer options as legislation is coming that will end this madness?

    Maybe consider looking at the bigger picture....

    Reach out if you are interested in potential solutions...
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    Broker, Underwriter, general business loan expert

    @ 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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