Results 1 to 11 of 11
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02-17-2015, 10:41 AM #1
- Join Date
- Oct 2014
- Posts
- 56
consolidates the merchant's existing advances into 1 and also brings the payments
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-- saving merchant money as well
We are looking forward to reviewing your future submissions and continuing to build this relationship with you.
Steven Kamhi
Phone 516-444-3499
Fax 1-516-765-9184
STEVENK@NULOOKCAPITAL.COM
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02-17-2015, 12:06 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
my isos tell me Steven has some unique programs!
bizdev@cresthillcapital.com
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02-17-2015, 12:20 PM #3
- Join Date
- Oct 2014
- Posts
- 260
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02-17-2015, 12:30 PM #4
- Join Date
- Jan 2014
- Posts
- 56
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02-17-2015, 12:56 PM #5
- Join Date
- Jan 2014
- Posts
- 283
I had a Merchant who was paying $1350 in ACH pulls daily.....Steven got them an additional $30,000, cut their daily down to below $600 and gave them a lower factor then their #2 and #3 Lender....is it interest on interest yes; but it also eases the burden on a business Owner who is paying almost 25% of their monthly gross....You can argue interest on interest all day, but I will consolidate over a 3rd position 100 out of 100 times.
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02-17-2015, 01:23 PM #6
- Join Date
- Oct 2014
- Posts
- 12
Steve and his team are very creative and do a lot of great things for our clients. They are a pleasure to work with, he is always willing to talk thru a deal and figure out what makes sense.
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02-17-2015, 02:21 PM #7
- Join Date
- Oct 2014
- Posts
- 260
My point was not which option I would do. I was referring to the specific line of "Saving the merchant money". He shouldn't do either....he should just let those advances work themselves out and get a first position. Otherwise, he will just get stuck in the merchant advance lifestyle. He will take out a second on that buyout down the road or he will consolidate that loan down the road and blah blah blah. You get my drift.......
Second place? Set of steak knives.
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02-17-2015, 02:49 PM #8
- Join Date
- Jan 2014
- Posts
- 283
I understand what you're saying...you're not wrong but I look at it on a case by case basis...the biz owner asked for help...never took an advance/loan prior to 6 months before our paths crossed. First one was from On Deck, 2nd and 3rd from the usual suspects. The Merchant needed $25,000ish to take on a project and was paying too much via daily ACH so it made sense to take a payoff, net $30,000 and decrease the daily pull by 60%. Is it "saving money"...not exactly,more like extending the term.. for lack of a better phrase....
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02-17-2015, 03:42 PM #9
- Join Date
- Oct 2014
- Posts
- 260
Second place? Set of steak knives.
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02-17-2015, 07:04 PM #10
- Join Date
- Jan 2014
- Posts
- 283
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02-18-2015, 06:37 AM #11
- Join Date
- Jun 2014
- Posts
- 195
capassist can pay off a few advances and consolidate into one payment
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