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06-21-2016, 03:52 PM #1
Reputation points: 23085
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- Nov 2013
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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.
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06-21-2016, 04:37 PM #2
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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