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07-14-2016, 12:23 PM #1
- Join Date
- Sep 2012
- Location
- Gainesville Florida
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- 168
I don't usually come on and get in the "tit for tat' that happens on this site, but I will help defend Carl. Breakout Capital and Carl have always demonstrated to me both in our verbal conversations and as Elevate being a referral partner of Breakout; they are trying to break the cycles these clients get in... Elevate and Breakout are very like minded but attacking different sides of the " High risk" trap... Elevate has tier structures that move clients out of the high cost and short terms, Breakout helps with consolidating. We need more people who see the pitfalls of high risk to step up and not just come in and create another stacking company or look for the quick commission and put the merchant in another bad situation.
Heather Francis
CEO
Elevate Funding
888-382-3945
heather@elevatefunding.biz
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07-14-2016, 12:45 PM #2
- Join Date
- Jun 2015
- Posts
- 3,325
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07-14-2016, 12:51 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
Heather hats off to both, i respect anyone darting capital at merchants, I only peeped up because Carl spoke out against Short high factor rates and wanted to know if what i saw was correct (listen i see fake bank statements ALL the time time and perhaps someone evil looking to harm Carl and his reputation as an outspoken individual of subprime Funding showed me a FAKE1.44 under 115 days with an origination fee and a fixed daily re-payment)...
Last edited by mcaguru; 07-14-2016 at 12:59 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-14-2016, 01:02 PM #4
- Join Date
- Jul 2015
- Posts
- 1,202
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07-14-2016, 01:03 PM #5
- Join Date
- Dec 2013
- Posts
- 4,713
Last edited by mcaguru; 07-14-2016 at 01:11 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-14-2016, 01:21 PM #6
- Join Date
- Jul 2015
- Posts
- 1,202
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07-14-2016, 01:58 PM #7
- Join Date
- Jun 2015
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- 3,325
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07-14-2016, 12:59 PM #8
- Join Date
- Sep 2012
- Location
- Gainesville Florida
- Posts
- 168
Here is what we do that is different
We do allow for early payment discount- should the client not default on their agreement
We have tier structured funding- based on tier we require paybacks up to 85% ... this will be Refinanced
We have a product called Flex Funds for clients - that after 3 weeks of successful payments they can add on up to 30% of initial funding- with no change in payment remit ( % or daily remit
We do weekly adjustments for our daily remits (allows the clients to have fluctuation in cash flow without risking NSF issues)
We do not charge fees of any kind (outside the cost of funds)
We do not file COJ
We do not Pull credit
We have clients that are under renewals with us that are on 8 month terms at 1.32 factor rates. So we do work the clients out of the trap... I actually wrote a letter of recommendation for a merchant so that BFS would consider him for funding and that he could be eligible for the longer terms and lower rates that they provide.
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