Results 1 to 10 of 10
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09-15-2015, 01:19 PM #1
- Join Date
- Jun 2015
- Posts
- 32
Will any A lenders do a second position?
I have a client who currently has a deal with an A lender at a 1.28 for 12 months for 40k. They are looking for an additional 20k around the same pricing 1.28-1.35. What A lender can do this deal? Good credit & cash flow no nsf's with a high daily balance. I need to be pointed in the right direction for A lenders that can offer no higher than a 1.35 with points. I know Quarterspot can do it but its a california business & they don't do CA businesses
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09-15-2015, 01:21 PM #2
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
Will any A lenders do a second position?
Iou as long as the merchant didn't receive their current advance less than 90 days ago.
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09-15-2015, 01:24 PM #3
- Join Date
- Apr 2015
- Posts
- 42
I can probably help.
Who's on 1st position?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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09-15-2015, 01:24 PM #4
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
Quarterspot
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09-15-2015, 01:35 PM #5
- Join Date
- Jun 2015
- Posts
- 32
It's a CA deal with IOU being 1st position. I would love to go with Quarterspot but unfortunately they do not fund in California
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09-15-2015, 01:40 PM #6
Iou, qs, bb
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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09-15-2015, 01:43 PM #7
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
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09-15-2015, 03:56 PM #8
- Join Date
- Sep 2015
- Posts
- 41
KS this is something we could do if the deposits and balances are there. What is he depositing over the last 4 months? What are his average daily balances? Rate won't be a problem as long as we aren't choking his cash flow. Feel free to email me.
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09-15-2015, 08:33 PM #9
- Join Date
- Nov 2014
- Posts
- 438
LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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09-24-2015, 11:29 AM #10
- Join Date
- Sep 2015
- Posts
- 11
We can do the 2nd position
Contact Andy at Broadway Advance. 646-829-9514 OR andy.broadwayadvance@gmail.com
No Collateral no Warranty, Get Money is 7 days.
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