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12-10-2015, 01:02 PM #1
- Join Date
- Apr 2015
- Posts
- 5
Law Firm seeking 3rd position
I currently have a law firm who is seeking a 3rd position behind Quarterspot and Business Backer. I've obtained an approval of $35,000 for $47,250 over 4 months with daily at $536 and 12pts commission. This daily payment is way to high and I need minimum 6 months. If anyone can make this happen please let me know as we can close today. I am willing to take few pts to get this client to where he needs to be.
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12-11-2015, 01:27 PM #2
- Join Date
- Apr 2014
- Posts
- 781
Why would u post this..not enough info for anybody to give you an opinion
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12-11-2015, 01:36 PM #3
- Join Date
- Jul 2013
- Posts
- 352
Plenty of info... That a good deal for a first position law firm. 1.35 I can tell you where to send it so you can show him that he isn't going to get better. Assuming you have 10 built in drop it 1.25 and his payment will drop a whopping $40.
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12-11-2015, 01:56 PM #4
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
Can I just point out that a 3rd position lawfirm with an offer like that is solid as heck. Take it and run...I personally wouldn't touch that deal for more than 5 months and that's saying something because I'll fund pretty much everything else. Including Adult Entertainment websites.
Andrew J. McDonald
Director of ISO Development
Yellowstone Capital LLC
1 Evertrust Plaza
Suite 1401
Jersey city, NJ 07302
PH - 347.464.0785
FX - 646.213.1790
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12-11-2015, 02:47 PM #5
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12-14-2015, 04:05 PM #6
- Join Date
- Jul 2015
- Posts
- 5
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12-11-2015, 03:04 PM #7
- Join Date
- Jul 2014
- Posts
- 1,746
Law Firm seeking 3rd position
No Chambo, they are sales professionals. When the phone rings and the desperate fool on the other end would take 800% APR money from a diseased monkey if he had to, that's sales. It takes a certain kind of finesse to get these guys to sign, like the ability to answer the phone and say "Hello?". Admirable to say the least.
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12-11-2015, 05:49 PM #8
WBL can do this if the client has real estate. If I had to give you a quick number to throw out there (don't hold me to it):
1.38 for 6 months for approximately 1X their monthly revenue. We can go out to 12-18 months if the deal is solid in other ways.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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12-11-2015, 05:58 PM #9
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Some of you should taste your words before you spit them out.. just sayin'..
and for the record this law firm deal may very well qualify for something better.. doesn't hurt to try.
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12-14-2015, 11:15 AM #10
- Join Date
- Nov 2015
- Posts
- 9
Send it to MFS submissions@mfsglobal.com . We can offer this merchant a 14 month term and Fund him every 6 weeks during that time frame.
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12-14-2015, 04:09 PM #11
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12-14-2015, 04:38 PM #12
To be fair Chambo, the 12 points can only help a little. Even if he downsold by 4 points, how much would that lower the daily by? And if the funder gave another 2 weeks, that still does not get you to where the client needs it to be. Depending on the funder, perhaps he can syndicate, and the funder would be more flexible on the terms.
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12-15-2015, 03:25 PM #13
- Join Date
- Aug 2015
- Posts
- 9
Fund it!
That is a strong 3rd position, sell the offer and fund it!
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