Results 1 to 10 of 10
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07-28-2015, 08:12 PM #1
- Join Date
- Oct 2013
- Location
- San Angelo,Texas
- Posts
- 11
Who does 1 1/2 to 2 times Monthly Credit Card Volume MCA's
Looking for lenders that do 1 1/2 to 2 times Monthly Credit Card Volume MCA's
2nd position.
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07-28-2015, 08:52 PM #2
they all do it. Depends on the gross revenue ldo
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07-28-2015, 10:43 PM #3
- Join Date
- Jun 2015
- Posts
- 3,326
Like ride said they all do it depending on total revenue.
Is the first position a split and now you want a second position split ?
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07-29-2015, 11:39 AM #4
- Join Date
- Oct 2013
- Location
- San Angelo,Texas
- Posts
- 11
First position is with ON Deck ACH Daily 18 month, Credit Card volume monthly is $60,000. After looking at this deal, Financials don't support a 2nd position loan or MCA. Thanks for the replies.
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08-12-2015, 06:55 PM #5
- Join Date
- Sep 2014
- Posts
- 720
Who does 1 1/2 to 2 times Monthly Credit Card Volume MCA's
If ONDK is their only position there are dozens of people on this forum who can get it funded (including myself). Certain lenders underwrite based on cash flow, disregarding the amount of outstanding debt, they may have a large outstanding balance, but their payments are low since it is spread over 18 months at a reasonable rate. So long as their banks haven't nosedived you're good to go.
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08-13-2015, 12:04 PM #6
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08-13-2015, 12:23 PM #7John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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08-13-2015, 12:32 PM #8
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08-13-2015, 12:42 PM #9John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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08-13-2015, 03:09 PM #10
- Join Date
- Sep 2014
- Posts
- 720
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