[NickHubbard]

Hey All,

I have a client that's looking for a cash advance in order to purchase equipment needed for expansion.

Time in business: 5 years +
Credit: TransUnion 789, Experian 761, Equifax 686
NSFs: None

Client provided me with 3 months business bank statements

Jan bank statement: Deposits: $20,834-Average Balance: 3,149
Feb bank statement: Deposits: $33,514-Average Balance: 5,370
Mar bank statment: Deposits: $48,735-Average Balance: 21,630

Looking for a direct lender who can get this done quickly at the best rate! PM or Comment Below if you can get this done!

[bdshaw]

Hi Nick, this may be better for your client if written as a lease
Bob

[Cfairbank]

How much is he/she looking for? Based on the preliminary info provided, we should be able to get this done in the 1.1s or 1.2s (depending on commission, dollar amount, and a few other variables). Please reach out to me or steven@breakoutfinance.com if you aren't signed up with us yet.

[Bank]

Easy deal to get done.

But what rates / terms is this merchant looking for ?

Robert Menzel
516-299-8240
631-235-3423
rmenzel@bizbrella.com
www.bizbrella.com

[bdshaw]

Nick, what's the size of the lease?
Give me A call and I'll connect you with a lender. You will earn the same commission but get much better terms than a MCA

[NickHubbard]

Nick, what's the size of the lease?
Give me A call and I'll connect you with a lender. You will earn the same commission but get much better terms than a MCA

Hey Bob

When he 1st sent everything to me I told him I have a equipment financing program and he insisted on a cash advance.

[FUNd]

Hey Bob

When he 1st sent everything to me I told him I have a equipment financing program and he insisted on a cash advance.

Just wondering, why would anyone insist on a cash advance v. equipment lease? He can get 5x the term and 1/3 of the rate, the full depreciation on the equipment, and monthly payments. Makes no sense.

[NickHubbard]

Just wondering, why would anyone insist on a cash advance v. equipment lease? He can get 5x the term and 1/3 of the rate, the full depreciation on the equipment, and monthly payments. Makes no sense.

It makes great sense, hes just not educated on how equipment financing works. But when he insisted on getting a cash advance right before I would have explained how they work, I stopped. If he wants a cash advance, a cash advance is what he'll get!

[Zach]

It makes great sense, hes just not educated on how equipment financing works. But when he insisted on getting a cash advance right before I would have explained how they work, I stopped. If he wants a cash advance, a cash advance is what he'll get!

I would show him both options side-by-side and let him choose. The last thing you want is a competitor who shows him a lease product that is far superior to an advance.

[Cfairbank]

I agree with all statements here -- while we'd love a shot at the deal, the lease would be the option that makes the most sense financially (would definitely be the cheaper than even the lowest cost cash advance). But if he insists on a cash advance or loan, we should be able to be aggressive on price

[bdshaw]

Go get them Nick.
Bob

[AMERICApital1]

if you are still looking for an advanc email sales@frasersfinancial.com we can get you an offer fast. also with those types of credit scores, we can get him bank lines of credit, 0 down interest free for 6 to 12 months up to 150k. this would be a great alternative option.

[bdshaw]

AMERICApural, is this a credit card program?
Bob