[GraniteCL]

I have a client that has two positions and is looking for 60k to buy out. He wants an ACH ONLY! He deposits on average 40-60k monthly and his AGR is $750k with NO NSFs, Tax leins, BKs, or major delinquencies.

Here is the the issue:
- He's been in business under 3 years
- 650 Fico
- Not much business credit
- Doesn't own a home

This client scored as an A in a few lenders underwriting department, however the business credit is what is causing them to take forever underwriting which makes me think they'll decline it.

If you can do anything with this deal shoot me a message.

[Michael Jagiello BGF]

This sounds doable. Do you know what the balances are that the merchant owes out?

[FoxIso]

We can do that...email
submit@foxbusinessfunding.com

[golf2014]

fOx nice first post ummm

[dpFund]

Hi,

This is a small file for us but doable based on what you have described. I fund a lot of MCA consolidations.

Twelve - Eighteen month term
Monthly payments (or weekly, client choice)
Early pre-pay with no penalties, fees or interest
Funding amount: $50k - $2M
No state restrictions
Any industry (except individual restauarants)

I can typically get payments down to about one third of what the client is paying.

Let me know if you are interested in discussing.

Best,

Dan Page
dan@fundingstrategypartners.com

[Michael I]

We can do that...email
submit@foxbusinessfunding.com

you can do what ? give him a thread position or do what he asked for ?

[GraniteCL]

funded!

[mcaguru]

always good to hear that!

[pmoney]

I have a client that has two positions and is looking for 60k to buy out. He wants an ACH ONLY! He deposits on average 40-60k monthly and his AGR is $750k with NO NSFs, Tax leins, BKs, or major delinquencies.

Here is the the issue:
- He's been in business under 3 years
- 650 Fico
- Not much business credit
- Doesn't own a home

This client scored as an A in a few lenders underwriting department, however the business credit is what is causing them to take forever underwriting which makes me think they'll decline it.

If you can do anything with this deal shoot me a message.

Our secured business loan products may be a great fit granted that your client has a friend/family member/partner who is willing to pledge real estate to secure the loan (it doesn't need to be THEIR property); residential, commercial, and land are all acceptable. Time in business is perfectly fine, FICO looks good, ACH is an option, and based on the average deposits he absolutely qualifies for the $60k. It seems like the main obstacle would be for your client finding someone who's willing and able to pledge the real estate as collateral. If they can then this is definitely a scenario we'd like to learn more about. If you have any questions please don't hesitate contacting me directly at 201-210-8552 or paul@oracleloans.com . [/EMAIL]