Consolidating MCA/BCA/Business Loan Balances
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  1. #1

    Consolidating MCA/BCA/Business Loan Balances

    Looking for Consolidation Loan/Advance. Payroll Financing Solutions could not do because business is in California.

    Restoration/General Contractor-California, 2.75 yrs in biz., brick and mortar location

    Existing MCA/loan Balances

    QB Balance $10,000 approx. $310.42 per day
    YS Balance $10,000 approx. $699.00 per day
    Pearl Balance $10,000 approx. $433.00 per day

    Gross Annual: $1,200,000
    Bank Statements: 0 neg. days/1 NSF DEC 2014, 1 neg. days/3 NSF Nov. 2014
    Credit: 585 middle Fico, but looks better than score, no judgements, liens or collections, 5 open active and current trades

    Merchant does not need money, just consolidate learned his lesson the hard way and no longer wants to stack (good for him) just wants 8 months or better term and factor.

    We are looking for 8 month term or better, 1.38 factor paying commish of 8-10

    Lenders/Funders only no brokers/iso's please

    If not possible than only other option is to have him wait till he clears out YS and Pearl

  2. #2
    Senior Member Reputation points: 113 MatthewAStucchio's Avatar
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    Quote Originally Posted by Businesscap View Post
    Looking for Consolidation Loan/Advance. Payroll Financing Solutions could not do because business is in California.

    Restoration/General Contractor-California, 2.75 yrs in biz., brick and mortar location

    Existing MCA/loan Balances

    QB Balance $10,000 approx. $310.42 per day
    YS Balance $10,000 approx. $699.00 per day
    Pearl Balance $10,000 approx. $433.00 per day

    Gross Annual: $1,200,000
    Bank Statements: 0 neg. days/1 NSF DEC 2014, 1 neg. days/3 NSF Nov. 2014
    Credit: 585 middle Fico, but looks better than score, no judgements, liens or collections, 5 open active and current trades

    Merchant does not need money, just consolidate learned his lesson the hard way and no longer wants to stack (good for him) just wants 8 months or better term and factor.

    We are looking for 8 month term or better, 1.38 factor paying commish of 8-10

    Lenders/Funders only no brokers/iso's please

    If not possible than only other option is to have him wait till he clears out YS and Pearl
    We can go out 8- 12 months on this deal and pay off all advances in the ballpark of that pricing but the file must be fully secured (free and clear vehicles/equipment or real estate (65%CLTV))We can possibly offer a weekly as well, once again if deal is fully secured. Pays up to 8 pts. Contact me to discuss.

    World Business Lenders
    Matthew A. Stucchio
    212 220 6018
    Mstucchio@WBL.com

  3. #3
    Veteran Reputation points: 135029 Chambo's Avatar
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    Rapid might be able to consolidate that too....without the securitization

  4. #4
    Administrator Reputation points: 55342 admin's Avatar
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    please keep these type of requests in the deal bin

  5. #5
    Banned Reputation points: 17587
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    720

    If you can't fund this on your own, throw in the towel. Honestly.
    Quote Originally Posted by Businesscap View Post
    Looking for Consolidation Loan/Advance. Payroll Financing Solutions could not do because business is in California.

    Restoration/General Contractor-California, 2.75 yrs in biz., brick and mortar location

    Existing MCA/loan Balances

    QB Balance $10,000 approx. $310.42 per day
    YS Balance $10,000 approx. $699.00 per day
    Pearl Balance $10,000 approx. $433.00 per day

    Gross Annual: $1,200,000
    Bank Statements: 0 neg. days/1 NSF DEC 2014, 1 neg. days/3 NSF Nov. 2014
    Credit: 585 middle Fico, but looks better than score, no judgements, liens or collections, 5 open active and current trades

    Merchant does not need money, just consolidate learned his lesson the hard way and no longer wants to stack (good for him) just wants 8 months or better term and factor.

    We are looking for 8 month term or better, 1.38 factor paying commish of 8-10

    Lenders/Funders only no brokers/iso's please

    If not possible than only other option is to have him wait till he clears out YS and Pearl

  6. #6

    Consolidating MCA/BCA/Business Loan Balances

    email me wmurphy@everlastingcapital.com

  7. #7
    Senior Member Reputation points: 2893
    Join Date
    Jan 2014
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    283

    Quote Originally Posted by Businesscap View Post
    Looking for Consolidation Loan/Advance. Payroll Financing Solutions could not do because business is in California.

    Restoration/General Contractor-California, 2.75 yrs in biz., brick and mortar location

    Existing MCA/loan Balances

    QB Balance $10,000 approx. $310.42 per day
    YS Balance $10,000 approx. $699.00 per day
    Pearl Balance $10,000 approx. $433.00 per day

    Gross Annual: $1,200,000
    Bank Statements: 0 neg. days/1 NSF DEC 2014, 1 neg. days/3 NSF Nov. 2014
    Credit: 585 middle Fico, but looks better than score, no judgements, liens or collections, 5 open active and current trades

    Merchant does not need money, just consolidate learned his lesson the hard way and no longer wants to stack (good for him) just wants 8 months or better term and factor.

    We are looking for 8 month term or better, 1.38 factor paying commish of 8-10

    Lenders/Funders only no brokers/iso's please

    If not possible than only other option is to have him wait till he clears out YS and Pearl
    Wow, your client is getting KILLED!!! I think i can actually do this but it may be an 8-10 month term....Factor rate sounds doable though.I AM a Broker but I do lots of consolidations and have the relationships in place. PM me if you are interested, I am sure we can work out something.

  8. #8

    Pay off a number advances and the net the mercherant 50 percent

    We will provide an offer and pay off existing advances up to 50% of the offer amount. This not only consolidates the merchant's existing advances into 1 but also brings their daily payments down significantly.

    For example a merchant that qualifies for 50k and currently has 2 balances of 15k and 10k could consolidate those 2 advances by having us pay off the advances and still net 25k


    Steven Kamhi
    Phone 516-444-3499
    Cell -516-314-6887
    Fax 1-516-765-9184
    STEVENK@NULOOKCAPITAL.COM

  9. #9
    [Q
    Steven Kamhi
    Phone 516-444-3499
    Cell -516-314-6887
    Fax 1-516-765-9184
    STEVENK@NULOOKCAPITAL.COM
    UOTE=Businesscap;16789]Looking for Consolidation Loan/Advance. Payroll Financing Solutions could not do because business is in California.

    Restoration/General Contractor-California, 2.75 yrs in biz., brick and mortar location

    Existing MCA/loan Balances

    QB Balance $10,000 approx. $310.42 per day
    YS Balance $10,000 approx. $699.00 per day
    Pearl Balance $10,000 approx. $433.00 per day

    Gross Annual: $1,200,000
    Bank Statements: 0 neg. days/1 NSF DEC 2014, 1 neg. days/3 NSF Nov. 2014
    Credit: 585 middle Fico, but looks better than score, no judgements, liens or collections, 5 open active and current trades

    Merchant does not need money, just consolidate learned his lesson the hard way and no longer wants to stack (good for him) just wants 8 months or better term and factor.

    We are looking for 8 month term or better, 1.38 factor paying commish of 8-10

    Lenders/Funders only no brokers/iso's please

    If not possible than only other option is to have him wait till he clears out YS and Pearl[/QUOTE]

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