PLEASE HELP - 2nd position A Paper
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  1. #1

    PLEASE HELP - 2nd position A Paper

    Is there someone out there that could point me in the right direction. I have a merchant that is in need of a 2nd position. Has decent credit, decent business credit. Has a first position is there a 2nd position funder that has decent factor and terms. DOES this even exist?

    I normally don't stack my merchants however if I don't give it to them there are 50 - 100 ISO's that call him that will.

    PLEASE HELP

  2. #2
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    PLEASE HELP - 2nd position A Paper

    I'll never understand why users don't search the forum first before posting questions which have come up multiple times. Try IOU or Quarterspot. average 1.23 factor rates on 12 month terms even on 2nd position deals.

  3. #3
    Agreed...

  4. #4
    Would like to discuss this one with you, please give me a call
    Christina Rossi
    Business Development
    Account Executive
    Tel: 866-629-4464 ext 229
    Fax: 917-368-6943
    Crossi@maxadvance.com
    www.maxadvance.com

  5. #5
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    PM'd you...
    Amanda Kingsley
    DailyFunder: WhoisKingsley
    This is me. https://www.facebook.com/whoiskingsley
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    Always Live and Lead with Integrity.

  6. #6
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    shoot me an email to discuss the terms of the second position your client is trying to take, remaining balance, what he is looking for, is he looking to net any cash back. I can definitely assist you
    Brent@jdmerchantcapitalllc.com
    Thanks
    Brent
    Brent Goggins
    Business Credit Consultants
    ISO Relations Manager
    Direct: 518-776-7501
    Email: BrentG@bccusa.com

  7. #7
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    Hello Anthony,

    I fund clients with the criteria you described above. Naturally, the devil is in the details. As you know there are lenders out there that will fund your client and charge them a lot for the second position. The trick is finding a lender that will consider a 2nd position, without charging MCA rates. I am a direct lender. Call me if you are interested in discussing (303) 938-8280 or dan@fundingstrategypartners.com. Thanks, Dan Page

  8. #8
    It was good speaking with you earlier and getting to learn a bit about your business. Based on the information you have provided, I see no restrictions in fulfilling you’re requested for funding.

    We offer many funding programs that can help your business make more sales and profit & growth.

    Small & Medium Size Business Cash Advance
    Lines Of Credit
    SBA Loan
    Working Capital Funding
    Consumer Financing
    Credit Card Processing
    Investment Funding for Growth
    Funds to purchase more inventory for products and goods
    Credit Repair
    Unsecured Business Funding
    No Business Credit Needed
    No Collateral Needed

    We fund money within 1 to 3 Business days after you send in All the Documents needed Below !!!!
    ( must send all the Documents needed Now , ASAP , So we can fund you the money )

    To get us started:

    Please email & return the following Documents today!!

    · Fill out complete application and sign
    · 3 Months of your most recent bank statements.
    · 3 Months of your most recent credit card processing statements.
    Mr. James
    212-256-1869 ext 1072 call me and lets get this done today

  9. #9
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by sigmundpannu View Post
    I'll never understand why users don't search the forum first before posting questions which have come up multiple times. Try IOU or Quarterspot. average 1.23 factor rates on 12 month terms even on 2nd position deals.
    1) they are green and lazy
    2) they don't need to. Every Tom, Dick & Harry C level ISO Dev rep is trolling this site and will PM the guy in two seconds.

    What kills me is how short sighted all this is. The rep needing help will send the deal....and then crickets. The ISO rep will get mad, because their company got one (or maybe two trouble deals out of it). My guess is one of them defaults.

  10. #10
    Quote Originally Posted by Anthony J View Post
    Is there someone out there that could point me in the right direction. I have a merchant that is in need of a 2nd position. Has decent credit, decent business credit. Has a first position is there a 2nd position funder that has decent factor and terms. DOES this even exist?

    I normally don't stack my merchants however if I don't give it to them there are 50 - 100 ISO's that call him that will.

    PLEASE HELP

    This is definitely in our space, please send me an email regarding this deal to lkhats@vitalcapfund.com
    ​Ron Hizkiyahu
    Business Development & ISO Relations

    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 212.994.6996 Ext.101 | F. 646.219.7949
    ron@vitalcapfund.com

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