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  1. #1
    Senior Member Reputation points: 23085
    Join Date
    Nov 2013
    Posts
    598

    The 1 red flag you are going to have with prime lenders / funders are number of loans. Industry and / or State location along with credit profile should be a few items you need cross reference with your existing lender / funder network, then work on who can do the number of loans your merchant has outstanding. Work backwards.

    Assuming all else being equal, you could start off with Breakout for a longer deal then 6 months (max $150k loan) but you will need full financials at some point.

    Most other funders (stackers) will do this deal with that number of loans / advances out but max out at 6-8months.

  2. #2
    Banned Reputation points: 17587
    Join Date
    Sep 2014
    Posts
    720

    Why not suggest that they pay the lowest balance OOP and make it a lay up? Why fight for a mediocre deal when you may have a home run on your hands? He should have a few thousand left out of that $316K, no?

    SIC/FICO would help.

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