Need 3rd position lender - $350K/mthly revenue seeking $100K
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  1. #1
    Senior Member Reputation points: 1393
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    Need 3rd position lender - $350K/mthly revenue seeking $100K

    Merchant currently paying $3,500 daily from two positions; about $75K a month (or 21% of monthly deposits).

    Needs another $100K.

    Would appreciate your best suggestions.

  2. #2
    Call me up, sounds like my kind of deal.
    Wall Funding ISO Team
    646-979-2161
    partners@wallfunding.com
    http://wallfunding.com/
    30 Broad St, New York, NY, 10004

  3. #3
    Senior Member Reputation points: 54989
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    If wall cant help, hit us up...
    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

  4. #4
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    What type of business?

  5. #5
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    what are the balances on the 2 outstanding mca's

  6. #6
    Member Reputation points: 262 John_FMS's Avatar
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    Quote Originally Posted by Quickfunder View Post
    Merchant currently paying $3,500 daily from two positions; about $75K a month (or 21% of monthly deposits).

    Needs another $100K.

    Would appreciate your best suggestions.
    Why are you looking to do a 3rd position? Most likely going to be higher rate and shorter term. Just my two cents but consolidation and net capital ($100k), might be a better option.
    John Yanity
    352 Sonwil Drive | Buffalo, NY 14225
    Direct Funder


    Mobile (716) 710.1289
    Fax (888) 848.0109
    Email (john@fundingmerchantsource.com)
    http://fundingmerchantsource.com/

    A+ Rated with the BBB:
    http://www.bbb.org/losangelessilicon...each-ca-268003

  7. #7
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by Quickfunder View Post
    Merchant currently paying $3,500 daily from two positions; about $75K a month (or 21% of monthly deposits).

    Needs another $100K.

    Would appreciate your best suggestions.
    pay off balances if possible why add a 3rd position and bury this guy deeper then he already is
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  8. #8
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    Quote Originally Posted by Quickfunder View Post
    Merchant currently paying $3,500 daily from two positions; about $75K a month (or 21% of monthly deposits).

    Needs another $100K.

    Would appreciate your best suggestions.
    This is what I specialize in. Nobody beats us in these positions. E-mail me and I will take a look. Based on your details I already have an offer for you.

  9. #9
    Senior Member Reputation points: 64
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    Need 3rd position lender - $350K/mthly revenue seeking $100K

    We would look to do a 3rd or even consolidate the smaller of the two and allow the merchant to net 100k. If assistance is needed contact me.

    Mike@samsonfunding.com
    347-492-1801

  10. #10
    Senior Member Reputation points: 51665
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    Quote Originally Posted by AdvanceFund View Post
    E-mail me and I will take a look. Based on your details I already have an offer for you.
    Hahahaha!!! Only on the DF do people say these things

  11. #11
    I can do this for you, I PM'd you. Thanks

  12. #12
    Senior Member Reputation points: 7360
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    If you have not already found a solution feel free to reach out. I am a direct lender but we do not stack. So I would need to pay off his first position and provide cash out.

    Monthly Payment
    Early payoff after six months with no fees, penalties or interest charged

    Feel free to reach out if you are interested.

    Best,

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

  13. #13
    Senior Member Reputation points: 68233
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    Morning...

    In order to really assess the situation-as the client is looking to complete usurp their Gross Profit Margin with more debt- the folks in this space that can facilitate a Global solution will need to know: Industry type, Debt structure, prior and current financial data.

    Without knowing their assets and liabilities, any comments made here are speculative.

  14. #14
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    Last edited by snajieb; 08-29-2016 at 04:38 PM.

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