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05-26-2016, 01:26 PM #1
- Join Date
- Mar 2015
- Location
- Boca Raton
- Posts
- 39
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???
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05-26-2016, 01:27 PM #2
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
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05-26-2016, 01:38 PM #3
- Join Date
- Jan 2016
- Posts
- 435
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
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05-26-2016, 02:10 PM #4
- Join Date
- May 2016
- Posts
- 42
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
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05-26-2016, 02:22 PM #5
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
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05-26-2016, 04:12 PM #6
- 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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