[Increment1]

I have a client who imports and sells electronics, specifically dash cams. He has averaged $121k per month for the last four months. He has four advances out totaling $81k. He would like to consolidate into one and pull some more cash out. His FICO's are as follows:

Experian 680
Trans 740
Equifax 740

Direct Funders Only!!! No brokers!!!

[AlexSMF]

I have a client who imports and sells electronics, specifically dash cams. He has averaged $121k per month for the last four months. He has four advances out totaling $81k. He would like to consolidate into one and pull some more cash out. His FICO's are as follows:

Experian 680
Trans 740
Equifax 740

Direct Funders Only!!! No brokers!!!

Does he have commercial receivables? If so, you may be better off going the ABL route. Dont know too many cash advance companies that will want to buyout 4 advances. Just trying to save you some time and aggravation.

[AlexSMF]

Does he have commercial receivables? If so, you may be better off going the ABL route. Dont know too many cash advance companies that will want to buyout 4 advances. Just trying to save you some time and aggravation.

If you would like some recommendations for ABL lenders then give me a shout.

[Kevin Henry-Seacoast]

I have a client who imports and sells electronics, specifically dash cams. He has averaged $121k per month for the last four months. He has four advances out totaling $81k. He would like to consolidate into one and pull some more cash out. His FICO's are as follows:

Experian 680
Trans 740
Equifax 740

Direct Funders Only!!! No brokers!!!

Happy to take a look...

[bdshaw]

I agree with the comment about receivables and would add we are in a position to help them with their overseas purchases separate from and in addition to
financing the receivables.
Bob Shaw
rshaw@advancecredit.com
734-929-3800

[dpFund]

Alex, I am a direct funder and do a lot of consolidations. On average, I seem to be getting payments down to about one-third of what the client is currently paying. While this is a small file for us (minimum $100k with max funding amount of $2MM), I am happy to see if it works.

Some of the highlights:

Monthly payment
12-18 month term, starting to do 30 month terms as well (Brand new!)
Client can pay off any time after six months with no fees, penalties or interest (just pay remaining principle and they are out)
Interest is not front loaded, so if client pays off in six months it is one half the cost of twelve months
We fund in all fifty states
Hardly any restricted industries (don't like individual restaurants or sole proprietors where entire business is dependent upon one person)

The foremost driver of approval is NET income. There needs to be enough net income (after all expenses, including owner draw) to comfortably support the monthly debt service.

We do not stack on anyone...so either we pay off all MCA or none of them. We are also very militant about not allowing our clients to stack on us.

Hope this helps. Please feel free to reach out for more info.

Best,

Dan Page
dan@fundingstrategypartners.com
Direct: (303) 938-8280

[bth capital]

I can put him into are hedge fund program rate from 10 to 18% 3 to 5 years on a monthly payment give me a call 843-796-4039