[nateteabs]

Have a merchant that has 2 bank accounts. 1 is doing 1.2 million. Another is doing 650k. Great dailys,min of 20k. Never missed a payment in cash advance. They have totalling in around 500k left with 4 positions in the big account. 0 in the smaller one. They need 250-300k asap.
Anyone?

[Michael I]

Oh getting the pop corn for this one . Here we go

[KTK]

This should be fun....

[dpFund]

Nate, you may want to read this very active thread....

http://dailyfunder.com/showthread.ph...e-Wall-Funding

[FUNd]

1.850M gross with 20K daily average balances I would not describe as "great". Learn your trade numbnuts.

[J.Celifarco]

After the last thread I doubt anyone is going to have the strength time or energy for another go at it

Have a merchant that has 2 bank accounts. 1 is doing 1.2 million. Another is doing 650k. Great dailys,min of 20k. Never missed a payment in cash advance. They have totalling in around 500k left with 4 positions in the big account. 0 in the smaller one. They need 250-300k asap.
Anyone?

Take the advice of those who have posted read that previous thread
5th position???? come one dude, you got to have better deals on your desk then that

[RichardGerard]

sent PM

[AndyYSCISOdept]

No merchant with 4 positions can ever be considered "great", especially when coupled with them seeking a 5th position.

My question is though, how much are they paying out each month in advances?

[SCCNY]

Have a merchant that has 2 bank accounts. 1 is doing 1.2 million. Another is doing 650k. Great dailys,min of 20k. Never missed a payment in cash advance. They have totaling in around 500k left with 4 positions in the big account. 0 in the smaller one. They need 250-300k asap.
Anyone?

SO the merchant is doing $150k a month and needs $250-300k on a 5th? The merchant wouldn't come even close to qualifying for that on a 1st position what makes you think he will get anything close when he has half a million in balances??

[WhoisKingsley]

Have a merchant that has 2 bank accounts. 1 is doing 1.2 million. Another is doing 650k. Great dailys,min of 20k. Never missed a payment in cash advance. They have totalling in around 500k left with 4 positions in the big account. 0 in the smaller one. They need 250-300k asap.
Anyone?

I could help you qualify this deal and see where they should be placed. There is probably multiple transfers and other craziness in the deal (as there always is). No shopping, No BS.

[anonymous]

1.850M gross with 20K daily average balances I would not describe as "great". Learn your trade numbnuts.

haha

[brokerCompany]

Most in this MCA industry are lucky to have an associates degree, they don't do numbers.

[AndyYSCISOdept]

I concur, most the people I come across cant spell MBA

[FUNd]

Most in this MCA industry are lucky to have an associates degree, they don't do numbers.

You don't need a degree to use a calculator properly.

[AndyYSCISOdept]

You don't need a degree to use a calculator properly.

Not true, I have a degree and I still cant use a calculator

NOTE: Tis is a joke before the fun patrol comes and give me a ticket

[J.Celifarco]

You don't need a degree to use a calculator properly.

I have worked with guys who dont even have an associates degree who have a better understanding of this industry. It has nothing to do with education, it comes down to taking the time to learn what ti is you are selling and working in an environment and with people who can teach you what you need to know. You can't even blame some of these people, you need to blame their boss who put them on the phone with no training and then allows them to come on here and ask ridiculous questions

[AndyYSCISOdept]

TRue; I have had the benefit of being surrounded by a lot of great people, a lot of them are on this forum, while I was learning the ropes. Including Mr. Celifarco.

[brokerCompany]

I blame these people. If they can read they can learn, they don't need a boss to tell them everything. Books are free, but when you have be people that don't have education and cannot even perform a search on this forum you know they will have problems.
It is amusing to see those that don't even have an associates degree trying to sell a financial product..

[J.Celifarco]

TRue; I have had the benefit of being surrounded by a lot of great people, a lot of them are on this forum, while I was learning the ropes. Including Mr. Celifarco.

Thank you sir but I believe Chambo had whipped you into shape before you ever came to NLF. You had a good understanding of how everything worked, even though it was completely different then

[Funder Mark]

Have a merchant that has 2 bank accounts. 1 is doing 1.2 million. Another is doing 650k. Great dailys,min of 20k. Never missed a payment in cash advance. They have totalling in around 500k left with 4 positions in the big account. 0 in the smaller one. They need 250-300k asap.
Anyone?

Just to confirm the numbers here, is this client depositing $1.8M yearly, OR monthly? I read it as monthly, others seem to think you meant yearly. If it is monthly, then the funding you are looking for is more reasonable.

[Michael I]

I blame these people. If they can read they can learn, they don't need a boss to tell them everything. Books are free, but when you have be people that don't have education and cannot even perform a search on this forum you know they will have problems.
It is amusing to see those that don't even have an associates degree trying to sell a financial product..

i will not recommend reading jay book . lol

[AndyYSCISOdept]

Thank you sir but I believe Chambo had whipped you into shape before you came to NLF

It takes a village.

[J.Celifarco]

I blame these people. If they can read they can learn, they don't need a boss to tell them everything. Books are free, but when you have be people that don't have education and cannot even perform a search on this forum you know they will have problems.
It is amusing to see those that don't even have an associates degree trying to sell a financial product..

agree to an extent but there needs to be some kind of training. People should not just be jumping on phones and dealing with merchants without any clue of the ups and downs the right and wrong of the industry

[Chambo]

TRue; I have had the benefit of being surrounded by a lot of great people, a lot of them are on this forum, while I was learning the ropes. Including Mr. Celifarco.

Too bad that small, cramped environment was garbage

[J.Celifarco]

Too bad that small, cramped environment was garbage

hey that was still the beginning over there. They have come a long way since we left and so have all of us. I think everything worked out for all parties