Results 1 to 14 of 14
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01-25-2016, 02:58 PM #1
- Join Date
- Sep 2015
- Posts
- 2
looking for Lender
I have a merchant that has GOOD paper. His fico is 720
He has 2 advances
One he owes $98 k – payment is 654 a day
The other he owes $96k – payment is 382 per day
The last 3 months he did
Oct – $230 k
Nov - $117 k
Dec- $175 k
He wants to consolidate and get to reduce his payment……..He does not want any money on top
He does not want a third
He does not want us to waste his time.
He asked if we were a direct lender because he does not want shopped out and have his credit pulled by more than 1 company
Do not contact me if it cant be done.
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01-25-2016, 03:05 PM #2
- Join Date
- Nov 2015
- Location
- Miami, FLorida
- Posts
- 8
Sent you a PM
Matthew Del Medico
Corporate Debt Relief
(203) 450-8732
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01-25-2016, 03:10 PM #3
If he has real-estate collateral, I can get him as low as a 1.21 for 12 months, with options to extend out to 36 months. For this pricing he would need to pay off his two existing advances.
Last edited by Zach; 01-25-2016 at 03:29 PM.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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01-25-2016, 03:28 PM #4
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01-25-2016, 03:31 PM #5
Last edited by J.Celifarco; 01-25-2016 at 03:35 PM.
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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01-25-2016, 03:52 PM #6
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Hey There,
I am a direct lender and do a LOT of MCA consolidations. Based upon the limited information above, I am assuming he does Grosses about $2M annual. If his net income is in the $22k range, this is a possibility.
The client would have a monthly payment (no more daily payments), 12-18 month term, with early pre-pay anytime after six months (no fees, penalties or interest).
Since I am not a MCA lender, I do things a little differently. The client needs to be showing appropriate net income to service monthly payments with margin left over. I do NOT pull credit, so your client does not have to worry about that. :-)
If you are interested, please shoot me an email (dan@fundingstrategypartners.com).
Thanks,
Dan Page
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01-25-2016, 05:02 PM #7
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
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01-25-2016, 10:15 PM #8
- Join Date
- Aug 2015
- Posts
- 67
looking for Lender
Sent you a pm
Doran M. Summers
Small Business Loans & Commercial Loans
3960 Howard Hughes Parkway Suite #500
Las Vegas, NV 89169
Doran@DoranSummers.com
Www.DoranSummersFunding.com
217.799.0156
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01-25-2016, 11:49 PM #9
- Join Date
- Jul 2014
- Posts
- 1,746
looking for Lender
A 700+ FICO.
I usually beat these guys up worse than I do the guys in the 500s. Congratulations sir, you pay your credit cards on time, now let's talk about business financing and how it works.
He doesn't want his time wasted, and he doesn't want his credit pulled, and he doesn't want this and doesn't want that, then you actually come on a forum and relay the demands this fruitcake made on you.
He will NEVER sign with you. You've already let him pull your pants down and play with your junk.Last edited by FUNd; 01-25-2016 at 11:57 PM.
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01-26-2016, 02:41 AM #10
- Join Date
- Jul 2015
- Posts
- 58
looking for Lender
kindly tell him to go to his bank first. Then follow up with him about a week later. Ask him if he received any money. I bet the answer will be No! Then have a come to Jesus talk with him! If you want money duh-You have roll up your big boy pants and apply, yes with a social security # and even a tax Id, then the dreaded bank statements, imagine that! Seriously guys like that are beyond annoying, I want a million dollars on a platter, but I don't want it to be involved! Go F yourself, anyways good luck! Let's us know how it came out.
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01-26-2016, 06:34 AM #11
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 300
looking for Lender
I agree with FUNd, you've lost. A 700 five doesn't mean s**¥, keep CLucas advice for the next person you speak to who says the same thing to you. I usually ask that on the initial phone call, so I know who he's already speaking to, and I like to remind them that they already were told no by their bank. And if he wants to deal with a direct lender your response should be why? They carry 1 program- theirs. And Mr. Merchant, how do you know it's the most favorable for you ? Best of luck RandomHaze
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01-27-2016, 03:37 AM #12
- Join Date
- Oct 2015
- Posts
- 24
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01-27-2016, 08:16 AM #13
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
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02-18-2016, 07:40 AM #14
- Join Date
- Dec 2015
- Location
- Los Angeles, CA
- Posts
- 121
He's looking for $190k and he wants his payment to be lower than $1,036...hmm, it's not impossible and his Fico is pretty good assuming that this deal hasn't been shopped and pulled by everyone. If he wants it gone we could probably do an AHC on a longer term and shave a few hundred off the daily. His banks are pretty inconsistent though, do you have a tax return and a p&l?