Will any A lenders do a second position?

**ks0807** · 09-15-2015, 01:19 PM

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

**sigmundpannu** · 09-15-2015, 01:21 PM

Iou as long as the merchant didn't receive their current advance less than 90 days ago.

**VCF** · 09-15-2015, 01:24 PM

I can probably help.
Who's on 1st position?

**rick_clsfunding** · 09-15-2015, 01:24 PM

Quarterspot

**ks0807** · 09-15-2015, 01:35 PM

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

**Zach** · 09-15-2015, 01:40 PM

Iou, qs, bb

**rick_clsfunding** · 09-15-2015, 01:43 PM

Originally Posted by ks0807

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

My fault - I didn't read your post in its entirety - phone rang

**cpnbizdev** · 09-15-2015, 03:56 PM

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.

**LoanMe** · 09-15-2015, 08:33 PM

Originally Posted by ks0807

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

Kyle, it was a pleasure speaking to you today. Let's take a look at this one and with early payoff we may be able to get close to what they are looking for.

**Andy@broadwayadvance** · 09-24-2015, 11:29 AM

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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Will any A lenders do a second position?

Will any A lenders do a second position?

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