Results 1 to 8 of 8
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09-30-2015, 12:43 PM #1
- Join Date
- Oct 2014
- Posts
- 41
merchant requesting weekly ach
currently have a merchant that was funded 30k last week with a weekly payment. Now they are requesting to want to pay it off and net 30-40k. merchant averages 80k monthly. seeking a direct lender that can do this or possibly provide a second position weekly offer.
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09-30-2015, 12:50 PM #2
- Join Date
- Sep 2014
- Posts
- 720
No one is going to want to consolidate a deal that was issued last week. Majority have a 30-90 day seasoning requirement, better off going for a 2nd w/ weekly or a 2nd w/ daily at a rate they can't really argue with.
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09-30-2015, 12:59 PM #3
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09-30-2015, 01:00 PM #4
I was joking, BTW.....there is trouble there when a merchant wants to flip a deal a week after funding.
Unless this is just a rep trying to squeeze out some more blood?
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09-30-2015, 01:20 PM #5
- Join Date
- Oct 2014
- Posts
- 41
lol good one. yea i explained this to the merchant. would you be able to help on a 2nd position weekly ?
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09-30-2015, 01:50 PM #6
If the client has collateral, you know what to do... ;-)
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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09-30-2015, 02:00 PM #7
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09-30-2015, 02:09 PM #8
- Join Date
- Nov 2014
- Posts
- 438
LoanMe can take a look at this. We are a direct lender (100% is funded in house). We take 2nd position an can offer borrowers up to 2x their gross monthly business income up to $100k. With the deposit number you mentioned above the borrower could be able to get an offer high enough, which would allow them to use our funds to pay their $30k (1st position) off on their own after our funding. We only offer MONTHLY payments not weekly. If this sounds like something that could work for you and your borrower give us a call.
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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