Results 1 to 7 of 7
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10-01-2015, 03:04 PM #1
Reputation points: 10
- Join Date
- Dec 2014
- Location
- Miami, FL
- Posts
- 13
Looking for a Business Cash advance Direct lender for Cash advance consolidation
Our client have 4 small cash advances at 50% balance, and needs to consolidate with some additional capital. I am having trouble finding a company that will consolidate because has too many cash advances loans, even though he may qualify for more.
Let me know any feedback..
Best,
Power
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10-01-2015, 03:07 PM #2
Reputation points: 33996
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
Prinicipis
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10-01-2015, 03:07 PM #3
what is the total balance on the advances, and what is his gross volume?
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10-01-2015, 03:34 PM #4Regards,
Matthew A. Stucchio
Associate
World Business Lenders, LLC
120 W. 45th St.
5th & 29th Floor
New York, NY 10036
Main: (212) 293-8200
Direct: (212) 220-6018
Fax: (646) 417-7161
Email: Mstucchio@wbl.com
www.WBL.com
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10-01-2015, 04:20 PM #5
Reputation points: 7360
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 756
I am a direct lender and fund MCA consolidations all day long, typically getting payments down to about one third of what they are currently paying. I'm looking at a client right now that has 9 advances. The number of advances is not an issue for us...but rather how the numbers shake out and whether the client can meet their obligations.
12 month term, monthly payments (no daily payments). No collateral required. We base our underwriting decisions n the health of the company.
Feel free to reach out and I can provide feedback so you know whether this will work for your client.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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10-01-2015, 04:45 PM #6
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10-03-2015, 04:57 PM #7
Like Matthew said, WBL is a great fit for that type of deal, BFS might do it (although 4 positions is rough/unlikely), PowerUp Lending is advertising a lot lately that they do it, and Payroll Financing Solutions.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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