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01-25-2016, 03:52 PM #6
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- Join Date
- Aug 2015
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- 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