Results 1 to 7 of 7
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01-21-2016, 03:07 PM #1
long term 2nd position
Other than IOU, Quarterspot, or Everest, does anyone go out 9 months or longer on 2nd positions?
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01-21-2016, 03:15 PM #2
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Hi Alex,
I am a direct lender and fund up to eighteen months. I can consolidate first position (actually, no limit yet on the number of positions I can consolidate...have done up to eight so far) and provide cash out, if that helps your client. (usually I can save them significant money on their first position).
Best,
Dan Page
dan@fundingstrategypartners.com
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01-21-2016, 03:24 PM #3
Hi Dan,
I doubt you can consolidate this merchant. He owes 72,000 in 1st position on about 80,000 avg montly gross in sales. Looking for a 2nd position funder that goes out 9 months plus other than the funders I mentioned above. And no, WBL, he does not have real estate to pledge.
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01-21-2016, 03:36 PM #4
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
LoanMe
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01-21-2016, 07:01 PM #5
- Join Date
- Oct 2015
- Posts
- 30
Just out of curiosity, how much does the merchant have to net if you were to consolidate multiple positions.
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01-21-2016, 08:58 PM #6
LoanMe, Business Backer, and WBL come to mind.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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01-21-2016, 09:37 PM #7
- Join Date
- Aug 2014
- Posts
- 194
long term 2nd position
Submissions at business backer told me today they'd stop doing second positions? Anyone else can confirm this?
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