Results 1 to 13 of 13
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10-19-2016, 06:10 PM #1
- Join Date
- Aug 2016
- Posts
- 24
Anyone want to beat a pearl offer 200k
I have a client who does 500k a month but had a small dip in September of $300k. They also have credit card for about 50 to 80 k. Client has solid operation but credit is a 9002. He is in the electronic business.
He has contracts from Pearl for weekly payment for 200k but is looking for a bit more. Anyone willing to beat this asap by this Friday?
Direct lenders only*
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10-19-2016, 06:23 PM #2
- Join Date
- Apr 2016
- Posts
- 103
Our lending program is a NATIONWIDE platform with loan amounts ranging from $15,000 - $1,000,000. Financing can be achieved in as little as 48-hours, provided the level of comfort is there with the request.
Note the following criteria's:
Time in business > 2-years
Business must be generating at least $1M annually (we will lend up to 10% of gross sales)
Borrower's FICO must be over 620
(No Construction, Adult Entertainment, Dispensaries) - deal must make sense!
Terms: 1-4 Year (Daily, Weekly and Monthly)
Rates: 10% - 30%+
Points: 1-5 points (Broker)
For $150,000- ---> 12 Month banks, Application (Your application is fine)
For $150,000 + --> Application, 12 months banks, 2014/2015 Tax Return, YTD Financials, Debt Schedule. note* requests over $200,000 require real estate: (mortgage statement, tax bill, deed or most recent property valuation (BPO/Appraisal).
There are other docs we'll need but with these documents I will have a decision within 24-48 hours.
Let me know if I can be of assistance.
Sean
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10-19-2016, 06:29 PM #3
- Join Date
- Oct 2014
- Posts
- 257
Anyone want to beat a pearl offer 200k
Depends...is it a 1.49?
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10-19-2016, 06:29 PM #4
- Join Date
- Aug 2016
- Posts
- 24
Sean, His credit is 9002 since he completed a Bk in the last year. And no real estate available.
Won't work
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10-19-2016, 06:30 PM #5
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10-19-2016, 06:30 PM #6
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
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10-19-2016, 08:19 PM #7
- Join Date
- Oct 2014
- Posts
- 257
Anyone want to beat a pearl offer 200k
I will look at this deal email me immediately!
Henry@trustcapitalfunding.com
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10-19-2016, 11:03 PM #8
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
Also, can anyone clarify(did a quick search on the forums)...I haven't submitted a deal to Pearl in years(before the buyout)...do they actually do weekly? Sounds nothing like the model that they transformed into.
Tommy Stein
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10-20-2016, 01:11 AM #9
Anyone want to beat a pearl offer 200k
Pearl is an awesome lender. Wouldn't surprise me a bit if they offered weekly for a high quality merchant.
Zachary Ramirez CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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10-20-2016, 09:30 AM #10
- Join Date
- Apr 2016
- Location
- Florida
- Posts
- 133
How long has he been in Business??
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10-20-2016, 10:54 AM #11
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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10-20-2016, 03:04 PM #12
- Join Date
- Oct 2015
- Location
- New YorK
- Posts
- 14
Direct lender can offer consolidations or capital over 3M
Reach out...
Robert Varela
VP - Business Development
robert@instafundllc.com
http://www.instafundllc.biz/
122 E 42nd St., Suite 2112 New York, NY 10168
Tel: (347) 658-1133
Fax888) 259-5884
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10-26-2016, 06:25 PM #13
- Join Date
- Mar 2016
- Posts
- 657
It's not the kind of product they're looking to use, but if the merchant qualifies then sometimes they'll do a weekly payment
I recently funded a couple of deals, one with a 2X's per week payment and one with a 3X's per week. I've also received approvals with weekly payments
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