$283k open looking to payoff and net
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  1. #1
    Member Reputation points: 262 John_FMS's Avatar
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    Buffalo, NY
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    $283k open looking to payoff and net

    JUN $115k deposits, ending balance $80k
    JUL $160k deposits, ending balance $75k
    AUG $125k deposits, ending balance $30k

    most recent position was taken early SEPT for $50k, fourth position

    Looking to get this merchant into a better situation has 3 daily pays (total $1,500), and 1 weekly ($2k)
    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

  2. #2
    Senior Member Reputation points: 7360
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    Aug 2015
    Location
    Boulder, CO
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    John,

    I am a direct lender and do a lot of consolidations for clients with strong financials that want some cash flow relief.

    According to my back of the envelope math, it looks like your client is paying about $40k monthly (adding up his daily/weekly pays). If we consolidated his balance over an eighteen month term, his payment would be about $20k monthly.

    His payment would be monthly (not daily). Plus, at any time after six months he could pay us off and save a ton of additional money (no fees, penalties or interest charged).

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

    Best,

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

  3. #3
    Hey John,

    We can work out a payment plan that's works best for him for sure.

    Contact me and let's see what we can do.

    Kyle Readdick, CEO
    Synergy Direct Funding
    2525 Camino del Rio S
    San Diego, CA 92108
    p: [866]428-0172 | f: [888]372-6007
    w: http://synergydirectfunding.com

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    Nov 2013
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    1,733

    If the borrower has real estate collateral with sufficient equity, WBL can lend up to 3X the borrower's monthly deposit volume.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  5. #5
    Member Reputation points: 262 John_FMS's Avatar
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    sent to you dp working on gathering requested stips
    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

  6. #6
    Hi. If you can briefly summarize his debt positions, I can get him a competitive quote. George Bloom Consulting. 772-285-6711.

  7. #7
    Senior Member Reputation points: 7360
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    Quote Originally Posted by John_FMS View Post
    sent to you dp working on gathering requested stips
    Thanks John - Looking forward to it!

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