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  1. #1

    Are there any direct funders that can go out to 18 to 24 mos on a CASH Advance.

    I have about 10 clients who are looking for 18 to 24 month cash advance on a daily ACH. Most people I get are brokers trying to get me to send them deals. Im looking for the direct lenders.

  2. #2
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    Quote Originally Posted by wallerbusiness View Post
    I have about 10 clients who are looking for 18 to 24 month cash advance on a daily ACH. Most people I get are brokers trying to get me to send them deals. Im looking for the direct lenders.
    CAN def has an 18 month MCA and has for several years. Longest MCA I have seen with them is 20 months. That said, they certainly do not approve all that many clients for 18 months.

  3. #3
    Call Josh Mitchell at Credibly. They go out that far.

  4. #4
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    Hi!

    Quarterspot goes out 18 months now... depending on the deal a lot of them do now. America's Business Capital is thinking out of the box. Had a conversation with them the other day and went over scenarios. You have to connect with those Funders who see the potential in the file.
    Amanda Kingsley
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    Always Live and Lead with Integrity.

  5. #5
    Veteran Reputation points: 134971 Chambo's Avatar
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    Quote Originally Posted by wallerbusiness View Post
    I have about 10 clients who are looking for 18 to 24 month cash advance on a daily ACH. Most people I get are brokers trying to get me to send them deals. Im looking for the direct lenders.
    seen 15 & 18 months. Never 24 months though.

    I hear CAN and ODC are going out that far these days though. Allegedly, so is KABBAGE

  6. #6
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    Quote Originally Posted by Chambo View Post
    seen 15 & 18 months. Never 24 months though.

    I hear CAN and ODC are going out that far these days though. Allegedly, so is KABBAGE
    CAN does 24 months, but they very rarely offer it...and when they do, I find that 99% of the clients dont want to go out that far. Not being able to renew for 12 months, at the very earliest, is a huge turn off.

  7. #7
    Senior Member Reputation points: 30475 Zach's Avatar
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    I've funded two deals with CAN for 24 months, with a 1.28 buy rate for $250K.

    They were both franchised restaurants.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  8. #8
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    Quote Originally Posted by Zach View Post
    I've funded two deals with CAN for 24 months, with a 1.28 buy rate for $250K.

    They were both franchised restaurants.
    WBL funds deals with CAN???

  9. #9
    Senior Member Reputation points: 30475 Zach's Avatar
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    This was when I was with Alliance Funding Group, before I started Core Financial.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  10. #10
    Veteran Reputation points: 134971 Chambo's Avatar
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    yeah sure....you just got called out!

  11. #11
    Senior Member Reputation points: 30475 Zach's Avatar
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    Called out on what...? Did you forget your coffee this morning??
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

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