Results 1 to 12 of 12
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06-03-2016, 05:42 PM #1
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Best direct funding houses for consolidation wanted
I have a pretty juicy file with a merchant netting definitely 50 percent more than she owes. She grosses 200 k a month and only owes 78 k. More interestingly, last month she made 220 k. What stopping me is that i cant find a good daily she wants, so can someone please help me find one. obviously only direct lenders
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06-03-2016, 05:50 PM #2
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She isn't netting anything if she's not approved.
Master of none.
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06-03-2016, 05:59 PM #3
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What is the debt service she's trying to stay under? It doesnt seem its a consolidation issue its the terms you are getting from your funders.
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06-03-2016, 06:43 PM #4
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What kind of terms is she looking for? For consolidations, we (Breakout Capital) can offer up to $100k (though very high quality deals we can consider higher) and terms as long as 18 months. Our buy rates are as low as 1.08x and we have many merchant-friendly features such as early repayment discounts, daily/weekly/monthly repayment options, and the ability to draw additional capital after only 1 month of consistent payments with NO double dipping. Please feel free to reach out to me directly to further discuss our products and this deal.
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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06-03-2016, 11:30 PM #5
credibly, capify, can, iou, have you tried all of these - and rapid has some descent rates.
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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06-04-2016, 08:05 AM #6
Best direct funding houses for consolidation wanted
Rapid is the best!
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06-06-2016, 05:33 PM #7
Who are the large consolidation guys that go 500k - 1.5M?
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06-07-2016, 08:24 AM #8
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06-07-2016, 08:48 AM #9
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- Washington DC
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Carl Fairbank
Founder & CEO boldMODE
www.boldmode.com
Carl@boldmode.com
Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
www.breakoutfinance.com
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06-07-2016, 10:08 AM #10
Dan seems good but just a slow process 3 weeks at best
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06-07-2016, 12:24 PM #11
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- Apr 2015
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- Morristown, NJ
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We do consolidations every day. Here's a good example: We had a client that came in owing 175k to 5 different companies, he was paying $4208/day. He did 175k/month, so I qualified him for the 175k. We paid off all 5 positions, taking a 1st. Even though we gave him 175k @ 1.48 for 6 months, we dropped his daily payment to $1962.12/day, freeing up $2246/day in cashflow.
---------------------------------------------------------
Rich McKellar
www.linkedin.com/in/richardmckellar
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06-07-2016, 12:27 PM #12
Reputation points: 307559
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- Jun 2015
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