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04-13-2015, 06:17 PM #1
- Join Date
- Nov 2013
- Posts
- 9
3 MCAs same company
Does anyone know who will allow consolidation of 3 MCAs?
A 1st, 2nd and 3rd all rolled in to one???
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04-13-2015, 07:33 PM #2
- Join Date
- Nov 2013
- Posts
- 598
Steve at Nu look is the man! I would not recommend PFS but that is just my personal experience ( I dont like the communication as they call the merchant and send offer before you even know if its approved or they take a week to UW and the split commission i.e. 5% on the front and 3% when the file completes is not ISO friendly)
Only thing you have to make sure generally is if the merchant is either 50% paid down on most if not all loans and/or he doesnt owe more than he makes in a month. For example if he does 100k and owes 50k on all loans you have a strong candidate for consolidation, if he owes 75k its tight but can be done by picking 1 or 2 loans off but not all 3.
Hope that helped!
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04-13-2015, 08:01 PM #3
- Join Date
- Nov 2013
- Posts
- 9
Nu Look Funding?
Heck ya it helps man!
Thanks so much!
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04-13-2015, 08:09 PM #4
- Join Date
- Nov 2013
- Posts
- 598
I also have a private investor that would compete on such a deal should the numbers make sense as I explained, DM me and we could discuss further, never hurts to have a 2nd offer to leverage.