Best direct funding houses for consolidation wanted
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  1. #1

    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

  2. #2
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    She isn't netting anything if she's not approved.

    Master of none.

  3. #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.

  4. #4
    Quote Originally Posted by master financier View Post
    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
    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

  5. #5
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    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



  6. #6
    Senior Member Reputation points: 3217 CO1's Avatar
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    Best direct funding houses for consolidation wanted

    Rapid is the best!

  7. #7
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Who are the large consolidation guys that go 500k - 1.5M?

  8. #8
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    Quote Originally Posted by brokerCompany View Post
    Who are the large consolidation guys that go 500k - 1.5M?
    Powerup Lending-Ask for Jay. If a deal makes sense they will fund it, netting the merchant as little as 0 if there is a cash flow benefit.

  9. #9
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    Quote Originally Posted by brokerCompany View Post
    Who are the large consolidation guys that go 500k - 1.5M?
    Dan Page at Funding Strategy Partners is who I would use for that size of consolidation deal (he frequently posts on this site). We have worked with him, and I am happy to vouch for him.
    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

  10. #10
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Dan seems good but just a slow process 3 weeks at best

  11. #11
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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

  12. #12
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    Quote Originally Posted by rmckellar View Post
    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.
    wow , i have never seen a 6 month free up that much .

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