[TheChoice]

Im sorry If I wasn't clear before, our client owns a restaurant. 1 business, for the past 10+ years. Looking to knock out the balance on the second, which is roughly 48k, and net 50k in working capital. He would like a term of 9+ plus months. Credit is in the low 600's. But has an excellent history of payments with MCAs. Any further questions, please PM ME.

[Chambo]

Im sorry If I wasn't clear before, our client owns a restaurant. 1 business, for the past 10+ years. Looking to knock out the balance on the second, which is roughly 48k, and net 50k in working capital. He would like a term of 9+ plus months. Credit is in the low 600's. But has an excellent history of payments with MCAs. Any further questions, please PM ME.

An excellent payment history.....and isn't getting renewed by 1st position lender because why?

[AlexSMF]

Im sorry If I wasn't clear before, our client owns a restaurant. 1 business, for the past 10+ years. Looking to knock out the balance on the second, which is roughly 48k, and net 50k in working capital. He would like a term of 9+ plus months. Credit is in the low 600's. But has an excellent history of payments with MCAs. Any further questions, please PM ME.

This is an IOU or a Quarterspot deal. They both buy out 2nd's, leave the 1st in place, and go out to 12 months on 2nd positions.

[MikeGreen-Quarterspot]

This is an IOU or a Quarterspot deal. They both buy out 2nd's, leave the 1st in place, and go out to 12 months on 2nd positions.

Hi all,

QuarterSpot continues to do 2nd positions when the model approves. We will do second positions with the same lengths of 9, 12, and 18 months and to our full amount of $150k. Also, we will buy out 2nd positions or 1st and 2nd positions with a 20% net loan proceeds policy now. This was recently lowered from 45%.

If you have further questions you can email partners@quarterspot.com in regard to our positions policies or any other item.

Thanks
Mike

Michael Green
Executive Vice President
Business Development & Sales
Direct: (917) 924-2202

Web: www.quarterspot.com