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02-22-2016, 11:13 AM #1
White Whale, 10 Positions!!
I just saw my first deal with 10 positions. Admittedly they were over 3 separate accounts, which do not cross over much, so it could be that none of the funders knew about the other accounts. That being said, when an underwriter sees this, do they look at it like going in as a 4th on the account, or as an 11th on the business?
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02-22-2016, 11:18 AM #2
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They'll probably look at it as garbage. I know I would.
But from my experience they would see it as an 11th considering each of the advances probably have a UUC filed.
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02-22-2016, 11:20 AM #3
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02-22-2016, 11:22 AM #4
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02-22-2016, 11:23 AM #5
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02-22-2016, 11:25 AM #6
Would be nice, but just saw it for the first time.
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02-22-2016, 11:27 AM #7
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Lol
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02-22-2016, 11:41 AM #8
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is it a IT services company ?
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02-22-2016, 11:54 AM #9
White Whale, 10 Positions!!
Pharmacy in buffalo?
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02-22-2016, 11:58 AM #10
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02-22-2016, 12:06 PM #11
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Did you ask your underwriters? You are a direct high risk cash advance funder right?
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02-22-2016, 12:55 PM #12
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02-22-2016, 01:00 PM #13
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02-22-2016, 01:10 PM #14
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02-22-2016, 02:11 PM #15
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02-22-2016, 02:56 PM #16
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iIf there is a chance he can be saved, Dan Page can save him. You may want to call Dan ar 303-938-8280.
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02-22-2016, 03:37 PM #17
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Thank you for thinking of me Mike.
FunderMark - Happy to take a look. I have consolidated clients like this before, with multiple positions in different companies. It ultimately comes down to the numbers.
Feel free to reach out (email is best since I'm sometimes tough to reach by phone). I can promise you straight answers, good or bad.
Best,
Dan Page
dan@fundingstrategypartners.com
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02-22-2016, 04:14 PM #18
Dan,
The ISO on this deal did think of you, but the client needs the money this week.
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02-22-2016, 04:28 PM #19
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02-22-2016, 05:05 PM #20
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02-22-2016, 04:37 PM #21
He has a cash advance problem.
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02-22-2016, 05:01 PM #22
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02-22-2016, 04:49 PM #23
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Lets get them set up with an 11th and 12th position! Sounds like the perfect merchant!
Tommy Stein
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02-22-2016, 04:53 PM #24
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02-22-2016, 05:05 PM #25
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