[Quickfunder]

Looking for suggestions besides On Deck and Kapitus.

Needs to go at least 24 months.

[closer129]

The merchant already has 2 positions and looking for more money for 24 months which is hard to find. I can pretty much bet he will need more money within the next 12-24 months and will have to either stack or get refinanced again. You should pitch him a program on first positions that just extends the term out longer when he is qualified for more money and does not pay for it until the old balance is finished. He can get more money over the next 24 months with cheaper costs.

[Olderguy]

Do a financial analysis of the business...

Are there better alternatives?

SBA 7A (Cadence bank 25 days)
LOC 10 days to 2 weeks
SBA Bolt
Personal loan - 2 weeks 650 Fico
Asset based lending
A/R, A/P, inventory, equipment to cash out or do a sale/leaseback
Factoring?
Purchase order financing
Cash out equity from real estate....business and primary residence

Can we start looking at better options than just MCA on top of MCA...

[Quickfunder]

The merchant already has 2 positions and looking for more money for 24 months which is hard to find. I can pretty much bet he will need more money within the next 12-24 months and will have to either stack or get refinanced again. You should pitch him a program on first positions that just extends the term out longer when he is qualified for more money and does not pay for it until the old balance is finished. He can get more money over the next 24 months with cheaper costs.

I agree. He started with even more balances. After talking to us, he has diligently paid those down and now wants a single vehicle to go with. His cashflow is very strong so he's been taking advantage of additional financing but qualifies for better funding with one partner vs smaller amounts across several.

[Quickfunder]

Do a financial analysis of the business...

Are there better alternatives?

SBA 7A (Cadence bank 25 days)
LOC 10 days to 2 weeks
SBA Bolt
Personal loan - 2 weeks 650 Fico
Asset based lending
A/R, A/P, inventory, equipment to cash out or do a sale/leaseback
Factoring?
Purchase order financing
Cash out equity from real estate....business and primary residence

Can we start looking at better options than just MCA on top of MCA...

Alternatives like these would be ideal.

[Olderguy]

Alternatives like these would be ideal.

Reach out - I can do all of them. I just need to do a conference call with you and the merchant to determine which might be the most feasible given their situation.

[closer129]

I agree. He started with even more balances. After talking to us, he has diligently paid those down and now wants a single vehicle to go with. His cashflow is very strong so he's been taking advantage of additional financing but qualifies for better funding with one partner vs smaller amounts across several.

My mca first position works like a line of credit as long as we stay in first position. I have merchants i have funded for over 5-7 years and there total cost has been between around 30-40% of the course of several years and 18-25 times funded. This option is so much better for the merchant and the broker gets a renewal every few months. Feel free to reach out to me to find out more.


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

[jaffecapital]

We would be able to buy out positions but our max term is 18 months if the merchant wasn't funded yet.