Results 1 to 15 of 15
-
04-14-2015, 09:41 AM #1
- Join Date
- Feb 2015
- Posts
- 49
Looking for a consolidating lender
GOOD MORNING ALL ,
I AM CURRENTLY LOOKING FOR A LENDER / FUNDER THAT WILL PAYOFF 2 ADVANCES AND THE MERCHANT DOESN'T NEED TO NET ANY FUNDS OR MINIMAL FUNDS . HE IS JUST LOOKING TO CONSOLIDATE AND GET A LONGER TERM . PLEASE PM ME OR POST HERE ANY HELPING INFO .
THANK YOU
Sincerely,
Joe Clapman
Senior Funding Specialist
Wall Street Funding
Phone: 646.545.3158
Fax: 212.981.7172
Email: Joe@WallFunding.com
-
04-14-2015, 10:38 AM #2
Try IOU central. They do not have any police relating to how much a merchant should net out of a consolidation deal.
-
04-14-2015, 11:28 AM #3
- Join Date
- Nov 2013
- Posts
- 605
-
04-14-2015, 11:36 AM #4
Just closed a deal with them where a merchant netted less than 10%
-
04-14-2015, 01:14 PM #5
- Join Date
- Nov 2013
- Posts
- 605
Peculiar, if that truly happened then kudos to you as it seems you got a major override! I need to make contact with my rep at IOU and see if their policy relaxed on payoffs/consolidations etc.
-
04-14-2015, 01:28 PM #6
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
I can concur they don't need to net 50% with IOU if the scenario makes sense.
Isaiah Clark
General Merchant Funding
Hartford, CT 06103
-
04-14-2015, 01:40 PM #7
- Join Date
- Nov 2013
- Posts
- 605
-
04-14-2015, 05:36 PM #8
I just reached out to my Rep there, her name is Denise Thomas. She confirmed with me that IOU does not have any policy in place regarding how much a merchant needs to net. If the deal makes sense, then the merchant could net 0.
-
04-14-2015, 07:32 PM #9
- Join Date
- Nov 2013
- Posts
- 605
WOW, this is news to me this must've just changed in the last couple of months.
-
04-14-2015, 08:38 PM #10
- Join Date
- Apr 2015
- Posts
- 3
Continental.Capital
888.258.3505
Leo Kuperman
leok@continentalcapitaladvance.com
They'll do the same is the numbers work
-
04-14-2015, 09:58 PM #11
- Join Date
- Dec 2014
- Posts
- 91
Merchant source inc (direct lender)
Hi this Rudy from Merchant Source we are a direct lender. I can get that done call or email. 646-757-3000 or rjames@merchantsourceinc.com
-
04-14-2015, 10:00 PM #12
- Join Date
- Dec 2014
- Posts
- 91
Hi this is Rudy with Merchant Source. we are a direct lender i can get that done call 646-757-3000 or email at rjames@merchantsourceinc.com
-
04-15-2015, 02:02 PM #13
Merchant Source....is that Billy's shop?
-
04-15-2015, 02:08 PM #14
- Join Date
- Nov 2013
- Posts
- 605
-
04-15-2015, 02:33 PM #15
- Join Date
- Apr 2014
- Posts
- 46
Looking for a consolidating lender
Merchant source is Gary baker
Similar Threads
-
Consolidating MCA/BCA/Business Loan Balances
By Businesscap in forum Deal BinReplies: 8Last Post: 02-17-2015, 06:09 PM