Results 1 to 6 of 6
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10-04-2016, 11:56 AM #1
- Join Date
- Jul 2016
- Posts
- 4
CA Plumbing Company Looking for Consolidation or 3rd position
Merchant has 2 open positions totaling $100K, gross is $200K-$400K monthly, clean bank (no negative days), strong balances, credit is 600+. Merchant is ideally looking to consolidate both balances and net $50K-$100K. He would be open to a 3rd position if that was the only option available.
PM me if interested.
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10-04-2016, 12:10 PM #2
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
RCN -
I am a direct funder and do exactly what your client is requesting. That stated, I do not stack on anyone, so funding would be predicated upon paying off his first two positions. We also prohibit clients from stacking on top of us, so he (and you) would need to know that, going in.
When consolidating MCA balances, I typically get client payments down to about one-third of what they are paying today. In addition, the client can pay us off anytime after six months with no fees, penalties or interest (they just pay the remaining principle and they are out). This gets clients pretty excited since the savings are substantial.
In addition, our payments are monthly, not daily...which is also a huge selling point for clients.
If we assume total funding of $200k (including consolidating his two open positions and providing $100k cash out), your client would need to be showing NET monthly income of about $25k, or about 6% - 12% net margin, which is pretty typical.
That stated, I am not a MCA lender so we do things differently. Underwriting is based upon the financial strength of the client, and not upon deposits.
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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10-04-2016, 02:54 PM #3
Sent PM
Kevin Dinh
3131 Eastside Street, Suite 350
Houston, TX 77098
P: 713-322-9743
Email: kdinh@accordbf.com
Web: https://go.accordbf.com/DF-Partners/
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10-04-2016, 05:43 PM #4
- Join Date
- Mar 2016
- Posts
- 335
Got your message.... Send me an email.
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10-05-2016, 01:09 PM #5
- Join Date
- Jun 2016
- Posts
- 68
Please give me a call when you get a chance at 646 930 4338 or send me an email. Thank you
Thank you Nathan Roth-- direct lender
Empire funding 1022 Avenue M Brooklyn NY 11230
Direct (646-930-4338)
email:nathan@empirefunding.com
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10-05-2016, 04:28 PM #6
- Join Date
- Jun 2016
- Posts
- 416
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