Results 1 to 16 of 16
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03-10-2015, 07:00 PM #1
- Join Date
- Feb 2015
- Posts
- 13
what are the best lenders for consolidation?
just need some tips on who to contact for consolidations.
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03-10-2015, 07:04 PM #2
- Join Date
- Nov 2014
- Posts
- 266
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03-10-2015, 07:05 PM #3
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03-10-2015, 08:45 PM #4
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Payroll Financing is very good.
If it is something extreme or if it is something that can be done outside of the MCA space- feel free to email me admin@sendto.capital. I can help review situations and get the process started.
Consolidations (in some cases) are super risky- there is nothing to hold in order for a lender to lend out so much money and to pay off. Collateral is usually asked for... Real Estate, Equipment... if the credit is good, a bridge can be done and and a term loan can be put in place... a Line of Credit can be offered... So many OptionsAmanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
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Always Live and Lead with Integrity.
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03-11-2015, 03:00 AM #5
World Business Lenders does a lot of consolidations. We do require collateral, but have great programs. Contact me with any questions. Kmacdonald@wbl.com
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03-11-2015, 10:25 AM #6
- Join Date
- Feb 2015
- Posts
- 49
Mca ,ondeck but the best one that doesn't require the merchant net anything is funding circle but they are a regular loan program and don't pay much but they will go out 3-5 years
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03-11-2015, 10:40 AM #7
- Join Date
- Dec 2013
- Posts
- 4,713
wbl
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03-11-2015, 01:13 PM #8
- Join Date
- Jun 2013
- Posts
- 195
We have some great consolidation programs. Feel free to email me at cpepe@wbl.com to discuss further.
Regards,
Chris Pepe
Vice President
World Business Lenders, LLC
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03-11-2015, 05:59 PM #9
Rapid supposedly will consolidate up to three positions too
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03-11-2015, 06:22 PM #10
Funding circle has a different model. They debit once per month for repayments over those longer terms so more than likely they don't care about the balances owed on shorter term financing unless it disrupts cash flow and they can't see getting paid back. The credit box is also much more difficult than the mca credit box
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03-11-2015, 10:59 PM #11
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
What industry?
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03-12-2015, 08:46 AM #12
Retail Capital will consolidate up to 4 Advances if the deal makes sense. We generally do not stack. The merchant must Net 50% of the total on all advances.
Jeannette Nearing | Business Development Officer| AmeriFactors
| M (770) 362-2307
jnearing@amerifactors.com |
http://www.amerifactors.com
https://www.linkedin.com/in/jeannettenearing
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03-16-2015, 04:33 PM #13
- Join Date
- Jul 2013
- Posts
- 352
Does anyone have a contact name and number for payroll financing solutions?
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03-16-2015, 04:36 PM #14
Keith Giovannoli
keithg@fundmypayroll.com
973-917-2015
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03-16-2015, 04:36 PM #15
- Join Date
- Nov 2014
- Posts
- 266
Stefani
Stefani Booker
Funding Processor Representative
Payroll Financing Solutions
Direct number: 973-917-2012
Main number: 862-207-4118 x12
Fax number: 862-207-4344
Email: sb@fundmypayroll.com
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11-23-2015, 10:08 AM #16
- Join Date
- Nov 2015
- Posts
- 10
Power up is currently one of the most active DIRECT FUNDERS . Although we do all types of loans from 1st - 4th positions, our niche is consolidating outstanding loans and lowering daily payments. The average loan in regards to consolidation is $185,000. Our family fund has allocated an additional $85,000,000 for future funding's. We are currently looking to expand and offering our ISO's 6 - 12 % points. Below I have provided an overview of our funding parameters.
- We look for credit scores 550 and above
- The only state we do not fund is CA,RI & TN
- The industries that we do not fund is CAR SALES, CONSTRUCTION GENERAL CONTRACTORS , LEGAL OFFICES & ACCOUNTING OFFICES.
- We cant fund sole proprietorship's ( has to be corp,llc etc.)
- We do all types of loans from 1st to 4th positions
- Our niche is the consolidations, where we look to consolidate outstanding loans and lower daily payments. Average loan amount on consolidations is around $185,000.
- Our loan amounts range from $20,000 up to $500,000
- Our rule is to come back every couple months with additional loans
Contact Info:
Seth A
P (516) 498-9890
F (516) 498-9894
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