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10-25-2016, 10:38 PM #1
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- Mar 2016
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Looking for lenders that consolidate
So it seems that I have been receiving a lot of files that have high revenue but that also have balances with multiple lenders. (In most cases they have 2-3 balances)
Most of these merchants are looking for consolidations that would help lower their daily payments and would give them a longer term.
If the combined balances exceed $150k+, does any one have any advice on what lenders would consolidate these files?
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10-25-2016, 10:45 PM #2
Reputation points: 27404
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- Dec 2015
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- Texas
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Looking for lenders that consolidate
We specialize in finding a term loan or consolidation program for many businesses!
Don't hesitate to call or brain storm placement of consolidations
Steven
Davincinc.com
2102904102
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10-26-2016, 10:12 AM #3
Funding Strategy Partners
John Yanity
352 Sonwil Drive | Buffalo, NY 14225
Direct Funder
Mobile (716) 710.1289
Fax (888) 848.0109
Email (john@fundingmerchantsource.com)
http://fundingmerchantsource.com/
A+ Rated with the BBB:
http://www.bbb.org/losangelessilicon...each-ca-268003
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10-26-2016, 10:15 AM #4
Reputation points: 240
- Join Date
- Oct 2015
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- 7
Trust Capital Funding will consolidate if the combined balances are under $100k- they did 5 positions for me, did right by the guy and netted him some money. Obviously it's a case by case basis but they're good at taking the entire deal into account and if it makes sense they usually get it done. They're located in Massachusetts.
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10-26-2016, 10:22 AM #5
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- Aug 2016
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- 25
pmd
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10-26-2016, 10:44 AM #6
Reputation points: 10
- Join Date
- May 2016
- Posts
- 21
EVOLUTION CAPITAL GROUP
(P)-888-624-2561
(F)-888-316-8857
funding@evocapitalgroup.com
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10-26-2016, 11:58 AM #7
Reputation points: 7360
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Thank you for the mention John!
Yes, we consolidate millions in cash advances on a monthly basis. We are not a cash advance lender so things operate a little differently.
12-30 month term, with a monthly payment. Client can pay us off any time after 30 months with no fees, penalties or interest. Since we do not front-load our profits, if a client pays off at six months it is half the cost of twelve months, a third the cost of eighteen months.
Minimum funding is $100k, max is $2MM. All fifty states, almost all industries (cannot do individual restaurant, marijuana related or sole prop where there is one guy).
Our primary driver is net income. We need to make sure there is enough net income on a monthly basis for the client to comfortably meet their debt service.
We do not stack. So if a client is looking for a consolidation, we need to pay off all MCA or none of them. But if the client has a Factor in place that is OK, so are equipment loans, etc. Just not MCA and others with a blanket lien.
Feel free to reach out and discuss if you would like to talk.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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10-26-2016, 01:54 PM #8
Reputation points: 9546
- Join Date
- Jun 2016
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