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02-04-2015, 10:23 AM #1
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Merchant with 30K balance on 3 advances. Needs consolidation. Anybody specialize?
I have a merchant out of Florida with 30K outstanding. Last funded at end of November. He is looking to lower his daily payment. Who can help me consolidate and stretch out the advance - with possibly something extra on top? His credit is lower to mid 600's. No collateral to speak of.
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02-04-2015, 08:44 PM #2
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What are his average deposits? I should be able to get this done or at least buy out #s 2 and 3. I AM A BROKER...but do a lot of consolidations, we have gotten some pretty rough ones done. PM me if you would like to discuss.
QUOTE=bostriba;17675]I have a merchant out of Florida with 30K outstanding. Last funded at end of November. He is looking to lower his daily payment. Who can help me consolidate and stretch out the advance - with possibly something extra on top? His credit is lower to mid 600's. No collateral to speak of.[/QUOTE]
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02-06-2015, 03:59 PM #3
Average number of monthly deposits, and how much does the merchant deposit monthly? What industry is it?
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02-06-2015, 05:18 PM #4
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Merchant with 30K balance on 3 advances. Needs consolidation. Anybody specialize?
call me monday morning 7182393527 - Jonathan. Will put in the work with more information.
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02-07-2015, 10:58 AM #5
Reputation points: 13031
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Cooper does consolidations. This deal sounds like it will turn on the merchant's trailing avg deposits-
Robert S Bloink
EVP of ISO Partnerships
Direct: 313-218-4663
Email: bb@cooperasset.com
Web: www.cooperasset.com
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