[WayUp]

Great Business. Averages $450k/month. Averages Balance = $50k - $60k
Has 2 Positions. Total Balance = $300,000
Looking to get $400,000 to payoff both positions and net $100,000.
Any Direct Lenders that can do this?

[boundbygravity]

With deposits of 400k/m I can do up to 1.2 Million, as long as the merchant has real estate collateral to back the loan. If not, I may be able to do an SBA loan for the 400k.

[anonymous]

With deposits of 400k/m I can do up to 1.2 Million, as long as the merchant has real estate collateral to back the loan.

no way?!

[boundbygravity]

no way?!

way

[dpFund]

WayUp - I am a direct lender and do exactly what you are requesting.

Paying off the first two positions and providing cash out is not a problem.

We are not a MCA lender so it looks quite different, which will very likely please your client. On average, we get client payments down to about one-third of what they are paying on their MCA loans. Very high likelihood we can pay off his balances, provide the extra $100k he is seeking and his payment would still be less than he is paying today.

Monthly payment
12-30 month term
Client can pay us off any time after six months, with no fees, penalties or interest
No real estate required :-)

Since we are not a MCA lender, we do not fund based upon bank statements. The client would need to show monthly Net income of about $50k to qualify (a little over 10% net margin which is quite typical for most businesses) and have a strong balance sheet.

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

Best,

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

[boundbygravity]

WayUp - I am a direct lender and do exactly what you are requesting.

Paying off the first two positions and providing cash out is not a problem.

We are not a MCA lender so it looks quite different, which will very likely please your client. On average, we get client payments down to about one-third of what they are paying on their MCA loans. Very high likelihood we can pay off his balances, provide the extra $100k he is seeking and his payment would still be less than he is paying today.

Monthly payment
12-30 month term
Client can pay us off any time after six months, with no fees, penalties or interest
No real estate required :-)

Since we are not a MCA lender, we do not fund based upon bank statements. The client would need to show monthly Net income of about $50k to qualify (a little over 10% net margin which is quite typical for most businesses) and have a strong balance sheet.

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

Best,

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

> Goes to website

"Funding Strategy Partners is not a lender."

Hmmm....HMM lol

If you want to work with someone who isn't just another intermediary, let me know!

[dpFund]

> Goes to website

"Funding Strategy Partners is not a lender."

Hmmm....HMM lol

If you want to work with someone who isn't just another intermediary, let me know!

You truly do not know what you are talking about. Our (admittedly dated and ugly) website states the truth that any intelligent funder knows. Like other funders in this space, we do not "lend" money. We purchase future income. Do your homework before bashing someone else on the forum. We are direct and I have my personal money in every deal.

[boundbygravity]

You truly do not know what you are talking about. Our (admittedly dated and ugly) website states the truth that any intelligent funder knows. Like other funders in this space, we do not "lend" money. We purchase future income. Do your homework before bashing someone else on the forum. We are direct and I have my personal money in every deal.

>Says he has money

>Not enough to have a decent website

[HDF]

> Goes to website

"Funding Strategy Partners is not a lender."

Hmmm....HMM lol

If you want to work with someone who isn't just another intermediary, let me know!

You are way way out of your league boundbygravity. You couldn't hold DP's jock and socks. Be very careful who you try to question around here.

[Cfairbank]

>Says he has money

>Not enough to have a decent website

I, like many others, will vouch for Dan, he's legit. Boundbygravity: are you with WBL, WBL-like company, or a broker?

[brokerCompany]

You must be a newbie in this field.

>Says he has money

>Not enough to have a decent website

[FundingCzar]

Everyone would vouch for Dan, he's one of the best in the business. He just needs to upgrade his website to something newer than 1995 lol.

[brokerCompany]

I work with other private lenders that dont even have a website and use yahoo email. So I dont care about website

[dpFund]

Everyone would vouch for Dan, he's one of the best in the business. He just needs to upgrade his website to something newer than 1995 lol.

Thanks for your kind words everyone. And yes, you are absolutely correct, FundingCzar. My website is pathetic. I think it was one of those do-it-yourself websites that we tested back in 2008 for $189 or something. My only excuse is that we have been so busy funding that we have not dedicated resources to upgrading the website. But it is the top of my 4th quarter priority list!

[Zach]

I vouch for Dan, and I apologize if one of our newbies is speaking out of line.

Dan is the man, we all know that.

[boundbygravity]

You truly do not know what you are talking about. Our (admittedly dated and ugly) website states the truth that any intelligent funder knows. Like other funders in this space, we do not "lend" money. We purchase future income. Do your homework before bashing someone else on the forum. We are direct and I have my personal money in every deal.

Even the companies that "purchase receivables" still refer to themselves and each other as lenders. If you are not an MCA lender but operate the way they do, then what kind of lender are you? Apologies. Wording is a funny thing. And it legitimately says you're not a lender on your website. What is someone supposed to think when your first post says you're not an MCA lender? That coupled with the fact that this deal isn't referring to purchasing property also points to you not being a private or hard money lender.

But I suppose if there are that many people vouching for you then you must be doing something right.

[boundbygravity]

Thanks for your kind words everyone. And yes, you are absolutely correct, FundingCzar. My website is pathetic. I think it was one of those do-it-yourself websites that we tested back in 2008 for $189 or something. My only excuse is that we have been so busy funding that we have not dedicated resources to upgrading the website. But it is the top of my 4th quarter priority list!

Make something on Wix, then make your A dns record redirect to the wix site.

[dpFund]

Even the companies that "purchase receivables" still refer to themselves as lenders. If you are not an MCA lender but operate the way do, then what kind of lender are you? Apologies. Wording is a funny thing. And it legitimately says you're not a lender on your website. What is someone supposed to think when your first post says you're not an MCA lender? That coupled with the fact that this deal isn't referring to purchasing property also points to you not being a private or hard money lender.

But I suppose if there are that many people vouching for you then you must be doing something right.

Yes, I do hope we are doing something right. We have north of $4MM of deals in underwriting, scheduled for funding this month, so I hope our clients agree. :-)

And you're right, wording is a tricky thing. I am not a lender. Neither are any of my MCA colleagues who frequent this forum. All of us purchase future receivables. There is a very clear and legal distinction that must be adhered to. Our funding model is simply different than MCA, per the description above. In fact, we are working on making our funding LESS expensive rather than more expensive. One of those efforts is the new 30 month term that substantially reduces the cost of capital.

Search the threads on this site for the discussions on legal distinctions of lending vs. purchasing receivables, if you are interested. But I do understand how that wording can confuse the casual observer and cause them to interpret differently, thinking perhaps we are a broker and not a direct funder.

We are certainly competent enough to build a new site. Just a matter of investing the time to draft all new copy. But it is coming!

[boundbygravity]

Yes, I do hope we are doing something right. We have north of $4MM of deals in underwriting, scheduled for funding this month, so I hope our clients agree. :-)

And you're right, wording is a tricky thing. I am not a lender. Neither are any of my MCA colleagues who frequent this forum. All of us purchase future receivables. There is a very clear and legal distinction that must be adhered to. Our funding model is simply different than MCA, per the description above. In fact, we are working on making our funding LESS expensive rather than more expensive. One of those efforts is the new 30 month term that substantially reduces the cost of capital.

Search the threads on this site for the discussions on legal distinctions of lending vs. purchasing receivables, if you are interested. But I do understand how that wording can confuse the casual observer and cause them to interpret differently, thinking perhaps we are a broker and not a direct funder.

We are certainly competent enough to build a new site. Just a matter of investing the time to draft all new copy. But it is coming!

This is true. Have 7 months in the MCA game, done a few deals. The legal distinction is important, something I must get accustomed to considering. Much more experienced in residential, commercial real estate and construction loans. Both traditional (mortgages, fha, va,etc) & alternative (hard, private,bundle loans,etc). So if you ever need help with any of that, I'm your guy.

Pardon my temporary foot-in-mouth disease.

[TedFundy]

Back to the deal..... What kind of great business is this person doing? More info would help.

[dpFund]

This is true. Have 7 months in the MCA game, done a few deals. The legal distinction is important, something I must get accustomed to considering. Much more experienced in residential, commercial real estate and construction loans. Both traditional (mortgages, fha, va,etc) & alternative (hard, private,bundle loans,etc). So if you ever need help with any of that, I'm your guy.

Pardon my temporary foot-in-mouth disease.

Not a problem. I think anyone who is honest with themselves would admit the same occasional transgression (myself included).

[Davincinc]

He's bound by stupidity and will learn his place soon.

Dp all the way!