[themoneyguy]

Hello All,

I am in need of new lender who can consolidate & fund stacked borrowers. I have a great deal of paper that I cant get funded, some files are pretty straight forward & clean some a bit more challenging but cash flow and credit not an issue. My current source for this type of borrower seems to be tightening up lately and is not as aggressive anymore so I am trying to broaden my sources in this lane. Any insight is greatly appreciated, Thanks.

[bsmith]

Breakout, PowerUp, and Dan (dpfund) are the names that come up the most in regards to consolidations. Breakout <100k, PU up to 500k, and Dan does big deals but they have to make sense on paper.

[Zach]

For consolidations and stackers, there's a few I've been seeing around recently:

DPFund
Payroll Finance Solutions
Breakout Capital
Sandstone

Lastly, if the client has any sort of real estate collateral, WBL is always an option.

Here's an idea of how to introduce our product:

"Mr. Prospect, would you like access to a program with a lower rate, a longer term, and larger approval? Perfect. I have a unique program that allows you to use the ineffecient, unused equity in any piece of real estate in order to secure a better loan. It can be a house, a commercial building, or even just land. Do you own any, or have any friends, family, or business partners, real estate collateral that we can use to secure that?"

Try throwing that out there on your tougher deals and see what sort of response you get. One extra (large) deal a month is worth the additional question.

[bsmith]

Oh and WBL if they have real estate, how could I forget

[bsmith]

For consolidations and stackers, there's a few I've been seeing around recently:

DPFund
Payroll Finance Solutions
Breakout Capital
Sandstone

Lastly, if the client has any sort of real estate collateral, WBL is always an option.

Here's an idea of how to introduce our product:

"Mr. Prospect, would you like access to a program with a lower rate, a longer term, and larger approval? Perfect. I have a unique program that allows you to use the ineffecient, unused equity in any piece of real estate in order to secure a better loan. It can be a house, a commercial building, or even just land. Do you own any, or have any friends, family, or business partners, real estate collateral that we can use to secure that?"

Try throwing that out there on your tougher deals and see what sort of response you get. One extra (large) deal a month is worth the additional question.

beat me to it!

[themoneyguy]

Thank you so much, I appreciate the insight.

[CO1]

Zachary- Do you have a number for SandStone?

[Michael I]

Sandstone doesn't consolidate

[Michael I]

Adam Cuddyer
106 Apple st.
Suite 200C
Tinton Falls, NJ 07724
(732) 564-6084 direct

[CO1]

They do or they don't? An also what is so unique from the me2 guy- if they do not consolidate?

[dpFund]

Thanks bsmith and Zach,

I do a lot of consolidations (will fund $1.7M this week). Here are some highlights;

We can often get payments down to about one third of what the client is currently paying
12-18 month term
Pre-pay available after six months, with no fees, penalties or interest (pay principle only and they are out)
Monthly payments
$100k - $3M funding amounts

Let me know if you would like to discuss.

Thanks,

Dan Page
dan@fundingstrategypartners.com

[Cfairbank]

Thanks for the mention bsmith and Zach! Our focus through the ISO channel is primarily on consolidations or special situations (e.g. we offer monthly payments for strong files or merchants with one or two predictable, scheduled deposits) -- for consolidations, no maximum number of positions consolidated, no minimum net required by merchant. If you aren't signed up with us yet, feel free to reach out to me or Steve Safirstein who heads up ISO partnerships -- steven@breakoutfinance.com or 703-852-6013