[J.Johnson]

Hi, I have a client that is about 1/3 paid down on his first and only advance. Wants to refi into a weekly payback. He falls shy of a 50% net, and doesn't really want/need all that additional capital anyway. Balance on the 1st is well under $40K.

So I am seeking a first position deal, 12+ months, with maybe a 20/30% or lower net to the merchant with a weekly payment.

I understand more details are needed to underwrite the deal, yet I'm looking for a direct lender that will facilitate this type of transaction should the company meet all their other underwriting requirements. Thoughts DF community?

Thanks

[rick_clsfunding]

Try Carl with Breakout Capital.

[dpFund]

For that amount, you might want to seek out Carl Fairbank from Breakout Capital. Search for him here on the forum and you will find him.

[J.Johnson]

Thank you guys - I was going to reach out but left out an important piece - CA Deal. Carl doesn't fund CA, or maybe I am wrong??

[LargeFastFunding]

we can work something out for you if the number's and credit profile looks good. email us at funding@evocapitalgroup.com
we are a direct lender and will send you our funding guidelines

[RichardGerard]

Give Matt Fox a Call at Foxii Funding 631 407 0888.. He will try to help..

[dpFund]

Thank you guys - I was going to reach out but left out an important piece - CA Deal. Carl doesn't fund CA, or maybe I am wrong??

That is correct

[golf2014]

Most k lenders want to see his original advance paid down 50 percent. You do realize without him netting money hes going to pay double factor rate. This is not advisable for your customer.

[mikedavis10]

hey im launching a new successful program got good deals on the table
if you need back up im your address
mike davis
BrightFutureCapital
mike@bfcapitalfunds.com
332-600-5414

[Kevin Henry-Seacoast]

hey im launching a new successful program got good deals on the table
if you need back up im your address
mike davis
BrightFutureCapital
mike@bfcapitalfunds.com
332-600-5414

Hi Mike,

Welcome to DF. The post you are relying to is from 2016.

[sigmundpannu]

now this is funny!