Results 1 to 7 of 7
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11-03-2016, 07:52 AM #1
- Join Date
- Mar 2016
- Posts
- 186
What would be the best home for this?
-Security systems integrator
-CA
-Roughly 670 credit
-TIB 6 Years
-$500K Annual Rev.
-No Nsf's or negative days in the last 4 months.
-Average ledger over 5K
Deposits:
July- 25K
Aug- 41K
Sept- 37K
Oct.- 20K
Has a 12K balance with some funder.
Wants to have it paid off and net 15-20K
Wants to be funded before the weekend.
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11-03-2016, 10:50 AM #2
We could take a look. He can be funded before the weekend.
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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11-03-2016, 10:56 AM #3
- Join Date
- Dec 2013
- Posts
- 4,713
Cresthill Capital may be a good place for this file...
As many of you have noticed we are probably now the fastest in making offers and have an assembly-line process for getting a file adjusted in your (merchants favor) commissions are double digits and in most cases we are the lightest on stips.
we now can assign ISO's with a "File Advocate" that is almost like "your employee on our payroll" to keep you updated on were things are holding.Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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11-03-2016, 11:04 AM #4
- Join Date
- Oct 2016
- Posts
- 25
Expansion Capital Group, he's right in their wheelhouse and they can definitely get it taken care of by the weekend if your merchant is motivated.
Last edited by LoanFunder; 11-03-2016 at 11:05 AM. Reason: Adding on
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11-03-2016, 11:35 AM #5
- Join Date
- Jun 2016
- Posts
- 416
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11-07-2016, 01:30 PM #6
- Join Date
- Nov 2016
- Posts
- 14
What was the original payback and funding amount? This sounds like the right home for vertical funding. The credit score and gross sales qualify him for what he's looking for. I know the issue you have been trying to get around is the average ledger balance but I recently funded a client with a $7k average ledger balance and 550 credit score so this will not be a problem for us. We have short term and long term programs and our owners have 40+ years experience in cooperate business financing so we are very familiar with these types of situations. You can email, text or give me a call me if you have any questions, I would be happy to assist you. Have a great day.
email- john@verticalbizfunding.com
office- 201-258-7720 ext-412
cell- 201-563-9156
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11-07-2016, 02:03 PM #7
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
What would be the best home for this?
Mike. you may wa,t to consider a factori,g line to payoff the existing MCA and write a new MCA..
Bob
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