[TipTopCap]

Have a merchant with GREAT credit, sales annually at 2M, has Credit Line maxed with a 8% APR and a 1st Position with STRATEGIC who funded him $300K at 1.22 7 Months ago (12 Month Term).
Already have various offers at 100K - 110K with 6-7 Month terms and great pricing such at 1.25-1.30 but still need those extra 4-5 months. Any recommendations?


Negative Factors: Only 4-5 deposits per month / Volume jumps from 200K to 300K to 500K month to month/ Has a 250K Balance on 1st position.

[FundingCzar]

What's the SIC? 1st merchant funding or Evolution might entertain it.

[TipTopCap]

Wholesale Supplier with oversees orders

[dpFund]

We do not stack but we do consolidate and provide cash-out.

If your client is interested in a discussion about paying off Strategic and providing cash out so that we end up in first position, I'd be happy to entertain it.

Monthly payment and the client can pre-pay anytime after six months with no fees, penalties or interest if they want to save a bunch of money. If he chooses to pay off early, his six month cost would be about 1.55.

Our primary driver is NET monthly income (net after all costs, including owner draw). If I read your description correctly, he owes $250k and is looking for $120k+ cash out. Assuming we are talking about $375k, his monthly payment would be $30,500 and the client would need to show net monthly income in the $50k range.

If you think it might be a fit, feel free to reach out.

Best,

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

[snajieb]

Have a merchant with GREAT credit, sales annually at 2M, has Credit Line maxed with a 8% APR and a 1st Position with STRATEGIC who funded him $300K at 1.22 7 Months ago (12 Month Term).
Already have various offers at 100K - 110K with 6-7 Month terms and great pricing such at 1.25-1.30 but still need those extra 4-5 months. Any recommendations?


Negative Factors: Only 4-5 deposits per month / Volume jumps from 200K to 300K to 500K month to month/ Has a 250K Balance on 1st position.

Will will lend up to 10% Gross Annual Sales of the business with terms 6-36 months. Let me know if you would like to discuss. We can also decision and fund within 24-48 hours.

Sean
LiftForward
917.477.6534
sean@liftforward.com

[anonymous]

don't think you will see 10+ months w/ the low deposit volume and that kind of cash flow variance, but anything can happen. going to need a really aggressive underwriter to beat what you already have though.

[Zach]

WBL may be an option for this borrower if they have real estate collateral.

[RogueLender]

Try, Trust Capital Funding (out of Boston)- I randomly get some weird deals done there- and they're pretty decent honest guys (so far)

[Eagle Funding]

Try, Trust Capital Funding (out of Boston)- I randomly get some weird deals done there- and they're pretty decent honest guys (so far)

Thanks for the vouch Rogue!

We will do crazy stuff on the right deal, feel free to reach out to me and I will get you setup with us TipTopCap.

[Michael I]

can funders on colonial platform fund on top of strategic ?

[FundingCzar]

can funders on colonial platform fund on top of strategic ?

No.

[CO1]

That's Bull****! Yes they can!

[ABC2016]

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