Results 1 to 4 of 4
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04-15-2015, 12:14 PM #1
- Join Date
- Oct 2014
- Posts
- 56
Consolidation Example: FROM NULOOK DIRECT FUNDER
“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.”
“Steve and the NULOOK 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.”
Steven Kamhi
Phone 516-444-3499
Cell -516-314-6887
Fax 1-516-765-9184
STEVENK@NULOOKCAPITAL.COM
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04-15-2015, 05:35 PM #2
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
Yeah, i called over there, guy on the phone was a douche, telling me, "oh ive been doing this for years and no one will do that deal." OK buddy, there are at least two who will take the $150k in outstanding MCA debt and consolidate it into a longer term program going out 2-4 years.
Know the industry you are in before you start telling me how no one will do this or that.
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04-16-2015, 11:14 AM #3
- Join Date
- Oct 2014
- Posts
- 56
Hi Buddy
Please let me know who the funder is that willing do that advance.
Thanks
Steven K
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04-16-2015, 03:07 PM #4
- Join Date
- Oct 2014
- Posts
- 56
60k deal payoff all 3 advances totaling 27k by the time we fund. The merchant will net 27k plus lower the daily by $365 a day.
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