Ok so companies like empire and cresthill are awesome with coming through with 3rd position approvals but at the same time your looking for a 1.22, which they'll give you at least a 1.45, only companies you can possibly get a 1.22 from are second positions that would have to pay one of the advances off, e-mail me at gail@franklinmerchantcapital.com.


Quote Originally Posted by LJH365 View Post
I normally don't do 3rd positions but merchant insists as he has immediate need for upcoming trade show. I don't think I can get him what he wants, but I'm doing my due diligence and throwing it out here.

Notes:


He's looking for $35k loan for 7 months payback $43k, dailies around $290-300.

• Recent advance with On Deck $50k. 9 months left
• Recent advance with Rapid $40k. 12 months left
• Credit 650


Merchant does about $60k per month. in business 4 years. Medical equipment business.

Is this doable anywhere?