Results 1 to 10 of 10
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06-24-2016, 05:11 PM #1
- Join Date
- Oct 2014
- Posts
- 8
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.
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06-24-2016, 06:19 PM #2
- Join Date
- Apr 2014
- Location
- New York
- Posts
- 269
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
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06-24-2016, 06:47 PM #3
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
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
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07-05-2016, 01:54 PM #4
- Join Date
- Jun 2016
- Posts
- 68
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
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07-05-2016, 03:08 PM #5
- Join Date
- Nov 2014
- Posts
- 438
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
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07-07-2016, 11:25 AM #6
- Join Date
- May 2016
- Posts
- 41
I can refinance this deal at 6 percent. Please have her contact me for an application
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07-07-2016, 11:33 AM #7
- Join Date
- Jan 2016
- Posts
- 435
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08-01-2016, 11:17 AM #8
- Join Date
- Jul 2016
- Posts
- 4
I can help. Message me if you're still looking.
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08-17-2016, 11:15 AM #9
- 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
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09-13-2016, 12:09 PM #10
- Join Date
- Jun 2015
- Posts
- 38
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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