1st POS construction
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  1. #1
    Senior Member Reputation points: 3325
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    1st POS construction

    Have a construction merchant making 800k- to 1 mil a month

    good daily ending balances over 7 years TIB

    can't seem to get a decent over $150,000


    best offer i have is $150,000 1.23 12 months

    who can assist here (someone reputable)

  2. #2
    Senior Member Reputation points: 81657
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    Quote Originally Posted by Robinhood21 View Post
    Have a construction merchant making 800k- to 1 mil a month

    good daily ending balances over 7 years TIB

    can't seem to get a decent over $150,000


    best offer i have is $150,000 1.23 12 months

    who can assist here (someone reputable)
    Check with Stearns Bank
    Dave Lambert, Business Development
    dave@fcbankcard.com
    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

  3. #3
    Senior Member Reputation points: 81657
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    Quote Originally Posted by Robinhood21 View Post
    Have a construction merchant making 800k- to 1 mil a month

    good daily ending balances over 7 years TIB

    can't seem to get a decent over $150,000


    best offer i have is $150,000 1.23 12 months

    who can assist here (someone reputable)
    Bolt Express?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    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: 10476
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    Quote Originally Posted by Robinhood21 View Post
    Have a construction merchant making 800k- to 1 mil a month

    good daily ending balances over 7 years TIB

    can't seem to get a decent over $150,000


    best offer i have is $150,000 1.23 12 months

    who can assist here (someone reputable)
    With that revenue max 150k there seems like there is something wrong. getting a 12 month 1.23 sell rate is a ridiculously low rate and term. If it is a good file i might be able to go to 250-500k range which is our max on a construction first deal. We will cap 6-9 months depending on bis credit and daily balances. My rate will be higher than the 1.23. but as long as the merchant does not stack on me our renewals are a true add on that works like a line of credit. I can get him millions of the nest few years but he is only paying the cost of a 6-9 month term Fell free to reach out to me.


    Scott Platto
    scott@tmrnow.com
    tmrnow.com212-220-9872

  5. #5
    Senior Member Reputation points: 22201
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    Capybara Capital makes a ton of construction offers (perhaps a little to many) and a lot are 1st positions. to join iso waiting list email me asap marcus@capybarausa.com
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  6. #6
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    Thats a good offer. Sell that!!!

  7. #7
    Veteran Reputation points: 135660 Chambo's Avatar
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    Quote Originally Posted by Robinhood21 View Post
    Have a construction merchant making 800k- to 1 mil a month

    good daily ending balances over 7 years TIB

    can't seem to get a decent over $150,000


    best offer i have is $150,000 1.23 12 months

    who can assist here (someone reputable)
    A 1.23 over 12 months? Is that the sell rate?

    You ain't going to beat that! Are you just hunting for something somewhat comparable that pays better commission?

  8. #8
    Senior Member Reputation points: 3325
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    Quote Originally Posted by Chambo View Post
    A 1.23 over 12 months? Is that the sell rate?

    You ain't going to beat that! Are you just hunting for something somewhat comparable that pays better commission?

    Just need a higher dollar amount

  9. #9
    Senior Member Reputation points: 10476
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    Quote Originally Posted by Robinhood21 View Post
    Just need a higher dollar amount
    If the merchant just wants more money and does not care about the initial rate then i might be able to do something.


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

  10. #10
    I might not beat the amount but I can give him a strong deal where he is paying around 1% per week.
    Cost of the money will depend on how long he holds it for.
    -Dylan D.
    786-991-2997
    dylan@regiumfunding.com

  11. #11
    On 1st & 2nd position construction we go 12-18 months for our Platinum program. Requirements: Over 100k revenue & 20k average balances
    Contact me if this deal is still on the table.
    Gabe Don
    Director of Iso-Relations
    Direct: (786) 208-3685 (Please Text or Whatsapp)
    gabe@jaffecapital.com
    www.jaffecapital.com

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