[TMR]

Looking to buy out thier two positions. 60k total. 10 and 50.

Last 3 months;

July; 256,355.15, 1 negative day
June; 175,023.65, zero negative days
May; 175,571.36, zero negative days


Anything else you need to know pm me. looking for 1st position here, let me know. Thanks in advance.

[NoBigDeal]

Breakout Capital might be a good option over here
The owner runs around on the forum

[TMR]

I got cali troubles here on this one, thanks though- i did think ofthem first.

[Andy]

There must be more to this then you are saying, because any decent 1st position funder should be able to do this deal

[Kevin Henry-Seacoast]

Looking to buy out thier two positions. 60k total. 10 and 50.

Last 3 months;

July; 256,355.15, 1 negative day
June; 175,023.65, zero negative days
May; 175,571.36, zero negative days


Anything else you need to know pm me. looking for 1st position here, let me know. Thanks in advance.

TMR,

What does the Company do? Do they have a senior lender ahead of the other positions?

[rmckellar]

This looks like a good deal for us and we fund Cali. We would do at least 100k and take out those positions, depending on the industry and the structure of the deal would depend on their credit.

[sigmundpannu]

There are so many funders who will do this, there have to be some details missing. Credibly, QS, IOU to name a few.......

[JDMerchant]

I PM'd you, I would like to look at the deal

[dpFund]

Hey TMR,

I'm a little late to the game here but I am a direct lender and would be happy to take a look. It would only be a fit for me if the client is looking for at least $100k as that is my minimum (Max is $2MM).

I'm not a cash advance lender so things are structured a little differently. It is a monthly payment (not daily) and I do not stack so I would need to take out his first two positions and end up first. The first thing I look at is net monthly income. There needs to be sufficient net income to meet his debt service, with margin left over.

The client can pre-pay any time after six months with no fees, penalties or interest (pay off principle only and he is out) for substantial savings.

Feel free to reach out if you would like to discuss.

Best,

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

[golf2014]

Don't charge him double factor rate on.a.10k.position. the fact that he owes 50 and they havent.offered.him.125k..says huge issues

[RichardGerard]

If a Firm is averaging 200k plus per month and only has 60k in Advance debt, they will likely be eligible for SEVERAL longer term credit facilities (from 3-10 years)- alleging that they have even a modest gross profit margin (and profit)- AND there isn't senior debt on the balance sheet.

FYI- Dan Page's firm has recently assisted a client of ours that had senior debt.. The deal was challenging and took awhile- but ultimately the client is in better shape now than they were before.

If up until the advances, the client was self funded, reach out to the Intermediaries on this Blog to assist in pointing the file in the right direction..