Consolidation or Restaurant 4th position
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  1. #1
    Member Reputation points: 10
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    Consolidation or Restaurant 4th position

    Restaurant does average 150k monthly looking to consolidate 3 positions or take a 4th. Credit is average. No NSF or negative days. Avg daily balances about 2500 anyone interested???

  2. #2
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Oct 2012
    Location
    New York
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    Best bet for the merchant is a consolidation definitely would stay away from adding additional positions.. What is the total of the 3 outstanding balances
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  3. #3
    Senior Member Reputation points: 12878
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    Jan 2016
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    How long have they been in business, what is gross monthly, how much do they process in CC, what are the balances of the current advances, what is "average" credit, are they profitable? Please excuse the multiple comma splices

  4. #4
    Consolidation would definitely be better for the merchant as the daily payment as well as the weighted avg factor should be significantly less than a 4th position. We (Breakout Capital) would also only provide a consolidation offer if we can put the merchant in a better situation. We have no max positions that we can consolidate and no net required to the merchant. In addition, our products act more like a line of credit so when the merchant renews with us, they can draw the repaid principal portion at anytime without repaying the outstanding loan - this is a true add-on feature without the interest-on-interest other firms charge. This sounds like a deal we can definitely fund. Feel free call or email me if you want to discuss the deal further. Thanks.

    Steven Safirstein
    Director of Sales & Head of ISO Relations
    Breakout Capital Finance, LLC
    6849 Old Dominion Drive, Suite 360, McLean, VA 22101
    O: 703 852 6013
    steven@breakoutfinance.com

  5. #5
    Senior Member Reputation points: 32658 Zach's Avatar
    Join Date
    Nov 2013
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    1,733

    If they have real estate collateral, WBL can potentially consolidate this deal and offer them up to 2X their monthly volume ($300K) for a multiple-year term.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  6. #6
    Senior Member Reputation points: 64
    Join Date
    Jul 2014
    Posts
    196

    Consolidation or Restaurant 4th position

    We can consolidate 3 positions and the merchant does not have to net 50%. Please feel free to contact me if you still need assistance.

    Mike@samsonpartnersllc.com
    347-492-1801

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