Results 1 to 11 of 11
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05-05-2016, 04:36 PM #1
- Join Date
- Nov 2015
- Posts
- 12
weekly payback, with a no/low net buyout of 1st position
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
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05-05-2016, 04:41 PM #2
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
Try Carl with Breakout Capital.
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05-05-2016, 04:41 PM #3
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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.
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05-05-2016, 04:46 PM #4
- Join Date
- Nov 2015
- Posts
- 12
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??
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05-05-2016, 05:02 PM #5
- Join Date
- Apr 2016
- Posts
- 1
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
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05-05-2016, 05:03 PM #6
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Give Matt Fox a Call at Foxii Funding 631 407 0888.. He will try to help..
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05-05-2016, 05:11 PM #7
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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05-06-2016, 02:37 AM #8
- Join Date
- Apr 2014
- Posts
- 781
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.
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11-07-2019, 04:25 PM #9
- Join Date
- Nov 2019
- Location
- Brooklyn
- Posts
- 2
Capital funder
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
332-600-5414Last edited by mikedavis10; 11-07-2019 at 04:26 PM. Reason: misspelling
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11-07-2019, 04:29 PM #10
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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11-07-2019, 08:32 PM #11
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
now this is funny!
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