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  1. #1

    deal

    I have merchant with 2 advances does about 500k in monthly deposits .. 65k avg daily no nsf no neg days ..owes about 80 on first and 10 on second .. looking to combine or pay off second and get about 75k .. I have approvals for 5- 6 m terms .. would like 8 10 12 m terms .. credit is ok low 600 .. been in biz for 20 years .

  2. #2
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    What's the catch ?

  3. #3
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    Quote Originally Posted by Michael I View Post
    What's the catch ?
    Ha exactly. You should be getting 12 months+, unless there is a big catch -- did we see it? With the ADB and % of revs we'd be pulling, we may even be willing to offer monthly product that carries minimum term of 12 months.
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    If the borrower has real estate collateral, WBL can provide multiple-year terms for the borrower.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  5. #5
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    Quote Originally Posted by Elishapep View Post
    I have merchant with 2 advances does about 500k in monthly deposits .. 65k avg daily no nsf no neg days ..owes about 80 on first and 10 on second .. looking to combine or pay off second and get about 75k .. I have approvals for 5- 6 m terms .. would like 8 10 12 m terms .. credit is ok low 600 .. been in biz for 20 years .
    Elishapep- If your client's net income is at least $18k - $20 monthly, we can likely consolidate the first two advances and provide cash out, for total funding of $150k (that's what it sounds like the client is looking for). The payment would be monthly (not daily) and would be about $12k. High likelihood that is a lot less than they are paying now for their first two advances. I am a direct lender.

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

    Best,

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

  6. #6
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    Quote Originally Posted by Elishapep View Post
    I have merchant with 2 advances does about 500k in monthly deposits .. 65k avg daily no nsf no neg days ..owes about 80 on first and 10 on second .. looking to combine or pay off second and get about 75k .. I have approvals for 5- 6 m terms .. would like 8 10 12 m terms .. credit is ok low 600 .. been in biz for 20 years .
    I can enter merchant into our consolidation program which will also save merchant significant money every week.

  7. #7
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    have you checked with Deal Struck?

  8. #8
    Sending you a PM

    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

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