[Chambo]

alex is that where john de lorenzo is ? i believe they capped at 6 months and a 1.4 for the lowest factor . did that change ? or is there merchants in that bad of situation that an offer like that will help .

Yes, John D is there

[NCL]

Carl,

When you say max out at $100K, is that mean their total balance can't go over $100K?

[Cfairbank]

Carl,

When you say max out at $100K, is that mean their total balance can't go over $100K?

Yes, total amount sent is 100K or less between any funder that is paid off plus amount sent to merchant, if any. We have to be the only position post-consolidation, so we have to consolidate all positions and total balance has to be 100K or less. We typically have no origination/underwriting fees, unless we are consolidating 3 or more positions -- that cost is included in our factor -- so we have a true 100K max, not 100K minus thousands in fees.

[Yesfund]

meant to send a PM - can't delete a post on here?

[Triton]

meant to send a PM - can't delete a post on here?

Yeah I don't like that either.

[AndyYSCISOdept]

Aren't you able to edit the posts?

[VFG]

Hello Dan,

Hope all is well. Can you please send me your ISO agreement and funding guidelines? I may have a consolidation deal for you to look at.

My contact details are as follow:

EJ Ortiz
Vortex Financial Group, LLC
Cell: (786) 566-3002
Eortiz@vortexfinancialgroup.com

Please excuse my website as I am in the process of putting it together.

Looking forward to your information.

Thanks in advance!

[prosperity]

Attachment 1016

Classic!!! That meme!

[CO1]

What is contact number at this place called Foxii?

[stevenk]

please call me

Steven Kamhi
ALTERNATIVE DIRECT FUNDER
Office: 1-888-484-1004
Direct: 516-444-3499 ext. 1002

[stevenk]

Product and Pricing Types - ACH Programs with a max term of 6.5 months. Average rates range from 1.38-1.45; Special program is offered at 1.29 for 60 business days=80 day program deal buy rate1.30 max upsell 8 points credit needs to be 640
Will do second- thirds position deals, and [COLOR="#FF0000"]consolidations of current advances no more than paying off 35,000, however merchant must net at least 50% of

[dpFund]

Product and Pricing Types - ACH Programs with a max term of 6.5 months. Average rates range from 1.38-1.45; Special program is offered at 1.29 for 60 business days=80 day program deal buy rate1.30 max upsell 8 points credit needs to be 640
Will do second- thirds position deals, and [COLOR="#FF0000"]consolidations of current advances no more than paying off 35,000, however merchant must net at least 50% of

UM....that does not sound like a consolidation to me. Am I missing something?

[NoBigDeal]

thanks for the insight chambo, that was very resourceful.

hopefully this will become a good reference thread for people seeking the same product

Search and you shall receive. Have been looking for a place to find a reputable consolidation company, and instead of starting a whole new thread for Consolidations, just to get shout at and getting called names, i found that magical thing called "search bar."

Thanks for this thread, very helpful

[Funder Mark]

Search and you shall receive. Have been looking for a place to find a reputable consolidation company, and instead of starting a whole new thread for Consolidations, just to get shout at and getting called names, i found that magical thing called "search bar."

Thanks for this thread, very helpful

NoBigDeal is officially among the smarter people on this board, as he used the search bar, instead of wasting everyone's time with a new thread.

[Duff]

Consolidations aren't worth the time. Plenty of 5 man lenders will tell you'll they'll do them. But the requirements although fair are rarely approved. The primary lenders will pay off 2 and on occasion 3. If they tell you they won't then they aren't one of the primary lenders OR you don't know how to work with them and haven't given them very many clean deals.

Basically if the borrower can qualify with a primary lender with out any existing MCA's then you have shot with them. This really is your best shot. Why? Because these lenders give longer terms. And with longer terms comes higher approval amounts and better cash flow options for the borrower.

If a borrower has good qualifications and has several existing MCA's and is asking for consolidation then think about it. Their existing lenders won't give them more and probably won't renew. So now you're going to turn around and call a bunch of lenders and beg them to consider it? lol. Good luck.

You'll probably need a high enough approval to be double the combined balance for their existing MCA's so they net 50% of the new MCA. You'll probably need at least a 6 month term and the payback probably can't exceed 14% from gross. And finally it will help if the new payback is lower than the combined payback of the existing MCA's.

Look. If you haven't worked with the borrower before and he's telling you that he'll take your deal because he likes you if you can just get him approved. Hang up the phone. He's probably already black listed by the good lenders.

[stevenk]

please call me

Regards,
Steven Kamhi
ALTERNATIVE DIRECT FUNDER
Office: 1-888-484-1004
Direct: 516-444-3499 ext. 1002
Cell:516-314-6887
Fax: 516-765-9184
StevenK@nulookcapital.com
WWW.NULOOKCAPITAL.COM

[bdshaw]

We've effectively done c9nslodations by cleanung advances off of the blancesheet.
By providing working capital utilizing assets as collateral we can often payoff old debt and geant increased lines to the customer.
Bob Shaw
734.928.3800
rshaw@advancecredit.com

[FUNd]

We've effectively done c9nslodations by cleanung advances off of the blancesheet.
By providing working capital utilizing assets as collateral we can often payoff old debt and geant increased lines to the customer.
Bob Shaw
734.928.3800
rshaw@advancecredit.com

Bob, are you using Andy's keyboard?

[Funder Mark]

bdshaw, Instead of cleanung advances off of the blancesheet, why dont you clean your keyboard?

[FUNd]

bdshaw, Instead of cleanung advances off of the blancesheet, why dont you clean your keyboard?

Dying over here.