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  1. #1

    Fund This Deal

    I have a merchant making 30k per month in gross sales. But she has existing advances with 2 different lenders.
    She has to repay around 4k more.Looking for 40-50k. Her credit score is good too. I have all the docs ready to send you.

    Please let me know if you can fund this.

  2. #2
    Senior Member Reputation points: 2782
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    Fund This Deal

    she would be lucky to get 30k but there are lots of lenders that consolidate or would do a 3rd position. if you need help inbox me

  3. #3
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    Quote Originally Posted by Tintin View Post
    I have a merchant making 30k per month in gross sales. But she has existing advances with 2 different lenders.
    She has to repay around 4k more.Looking for 40-50k. Her credit score is good too. I have all the docs ready to send you.

    Please let me know if you can fund this.
    Issue isn't the 2 positions with that little left (unless the guys are both high risk funders, and if they are, they'll be gone in a few weeks anyways), it's the amount requested. 20k to 30K is more reasonable (assuming your 30K number is "real" deposits). You don't need to kill her business by going to a 3 month 1.45x third position unnecessarily. Rationalize the merchant's expectations then go to a few of the A/B guys.
    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

  4. #4
    Hey would love to take a look

    please email me file whenever you get a chance.. Thanks

    nathan@empirefunding.com

    Empire funding
    1022 Ave M Brooklyn NY

  5. #5
    Quote Originally Posted by Tintin View Post
    I have a merchant making 30k per month in gross sales. But she has existing advances with 2 different lenders.
    She has to repay around 4k more.Looking for 40-50k. Her credit score is good too. I have all the docs ready to send you.

    Please let me know if you can fund this.
    This sounds like something LoanMe could be able to do. We can fund up to 2x a businesses monthly income. So there could be up to $60k here, depending on which Tier/Category the borrower falls into. With the 2 outstanding positions for $4k, this would reduce the max to around $56k. Please contact us.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  6. #6
    I can refinance this deal at 6 percent. Please have her contact me for an application

  7. #7
    Senior Member Reputation points: 12878
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    Jan 2016
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    Quote Originally Posted by George View Post
    I can refinance this deal at 6 percent. Please have her contact me for an application
    How can you say 6% when the FICO is not listed... Even FC does not have an effective rate that low

  8. #8
    I can help. Message me if you're still looking.

  9. #9
    Senior Member Reputation points: 105
    Join Date
    Apr 2016
    Posts
    103

    Does borrower have real estate?

    We will lend 3X deposits but loan is collateralized by equity in real estate.

    Please advise.

    Sean
    World Business Lenders
    212.293.8232
    snajieb@wbl.com

  10. #10
    Give me a shout and I can help. Sometimes we get approvals within 48 hrs.

    Kyle Readdick, CEO
    Synergy Direct Funding
    2525 Camino del Rio S
    San Diego, CA 92108
    p: [866]428-0172 | f: [888]372-6007
    w: http://synergydirectfunding.com

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