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09-27-2016, 04:20 PM #1
- Join Date
- Nov 2014
- Posts
- 62
Consolidation Lender
Please list Direct lenders I have a few Merchants who would like consolidate to lower payments, longer term with the possibly to net?
The Merchants revenue are avg between $700k - 1m plus Per month?
PM me would be better but you can post as wellLast edited by mrmcfadden; 09-27-2016 at 06:13 PM.
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09-27-2016, 04:25 PM #2
Not sure if you mean revenue per month or year but you can try Quarterspot IOU or Breakout
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09-27-2016, 06:13 PM #3
- Join Date
- Nov 2014
- Posts
- 62
Per month
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09-27-2016, 04:42 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
We have been able to help some by financing their accounts receivables. kevin.henry@seacoastBF.com
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09-27-2016, 04:48 PM #5
- Join Date
- Jul 2014
- Posts
- 196
Consolidation Lender
We do consolidations. Please contact me.
Mike@samsonfunding.com
347-492-1801
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09-27-2016, 05:36 PM #6
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Consolidation Lender
We don't do consolidations per Sw3. However we are closing a Factoring deal with the proceeds going to pay the advanced off.
Bob Shaw
rshaw@delanceyfunding.com
734-929-3800
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09-27-2016, 05:47 PM #7
WBL can consolidate almost any deal with real estate collateral.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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09-27-2016, 06:15 PM #8
I have found RAPID & FOXXI to be the best sources for a consolidation as a whole. I couple others come in here and there, but for consistent offers, where the merchant doesn't have to net 75% of the deal, they are my choices
Now if I could just get Matt Fox to return my calls quicker
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09-27-2016, 09:29 PM #9
- Join Date
- Apr 2014
- Posts
- 781
Consolidation a are very very strict and you won't find them
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09-28-2016, 10:06 AM #10
Greenbox Capital does consolidations on 1st and 2nd positions. Merchant would need to net 50% of funded amount on a 1st and 70% on a 2nd pos. This seems to work well when the merchants balances are low and the volume supports the guidelines (50% & 70%).
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09-28-2016, 05:22 PM #11
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Mr. Mcfadden -
I am a direct lender and these days the vast majority of my funding seems to be consolidations. I am NOT a cash advance lender, so I do things quite differently.
Monthly Payment
12-30 month term
Client can pay us off anytime after six months with no fees, penalties or interest (paying principle only)
$100k minimum, $2MM Maximum funding amount (yes, we like the large ones)
My primary driver is net income. The client must have strong net monthly income that allows him to service his debts with margin left over.
Feel free to reach out if you would like to discuss.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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09-30-2016, 04:56 PM #12
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
McFadden, I just met Seth at Power Up... he offers consolidations (if you're still looking).
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09-30-2016, 05:00 PM #13
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
Is that the same Seth Kramer being sued by the SEC for penny stock fraud? The same Seth that steals accounts from ISOs? The same Seth that doesn't pay his ISOs their earned commissions? The same Seth that will tell you Declined but go direct to customer and approve?
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10-01-2016, 08:48 AM #14
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
I don't know, John. I met him yesterday in Ft Lauderdale for the first time.
In life snakes come in all forms... When you work in a snake pit, you can't forget that one day you might get bit.
I'm not vouching for the guy - I'm just relaying what he says he does.
Brandon, proceed with caution!
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09-30-2016, 09:02 PM #15
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
Term loans and consolidations
I am willing to help you place your consolidations.
Don't hesitate to call, no fee to help place or refer you where you need to go!
As long as it make sense and no defaults I have a lender for most of all scenarios.
Steven
Davincinc.com
2102904102
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