Consolidation
Need a Funder or Vendor? START HERE

Results 1 to 6 of 6
  1. #1

    Consolidation

    Have a deal which is doing 250k-350k monthly. Took out 3 positions in September. Looking to pay them all off. Totally balance from all 3 is around 80k

    Please let me if you can do it. Thanks

  2. #2
    Industry ? How many negative days in last 3
    Months ?
    Who's the 3 pos with ?

  3. #3
    Senior Member Reputation points: 64
    Join Date
    Jul 2014
    Posts
    196

    Consolidation

    If he took 3 out in September what's going to stop him from stacking right after they are paid off? If he couldn't get what he was looking for on 1 deal he will stack again. What if he paid off 1 MAYBE 2 and netted additional funding. That's more realistic.

    347-492-1801
    Mike@samsonfunding.com
    VP ISO relations
    Last edited by MikeC524; 11-09-2016 at 08:55 PM.

  4. #4
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Fundnow - I am a direct funder and do a LOT of consolidations.

    I'm not a cash advance company so things operate a lot differently. The client has a monthly payment (not daily) and they can pay off any time after six months with no fees, penalties or interest.

    We underwrite differently and do not make our decisions based upon bank statements, negative days and NSFs. My minimum funding is $100k and the client would need minimum monthly net income (not deposits but actual net income after all expenses, including paying himself) of about $13k. This would be five percent or less net margin, based on what you say this client's gross monthly sales are.

    Please feel free to reach out.

    Best,

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

  5. #5

  6. #6
    Senior Member Reputation points: 9546
    Join Date
    Jun 2016
    Posts
    416

    Quote Originally Posted by fundnow View Post
    Have a deal which is doing 250k-350k monthly. Took out 3 positions in September. Looking to pay them all off. Totally balance from all 3 is around 80k

    Please let me if you can do it. Thanks
    We consolidate. My approval ratings are very high.

Similar Threads

  1. Who really does consolidation
    By rockingfunder in forum Merchant Cash Advance
    Replies: 12
    Last Post: 09-29-2016, 05:16 PM
  2. Consolidation
    By Increment1 in forum Deal Bin
    Replies: 6
    Last Post: 07-16-2016, 04:18 PM
  3. Replies: 5
    Last Post: 03-28-2016, 03:14 PM
  4. Consolidation
    By nateteabs in forum Deal Bin
    Replies: 14
    Last Post: 12-17-2015, 08:33 PM
  5. Consolidation
    By Increment1 in forum Deal Bin
    Replies: 2
    Last Post: 12-14-2015, 04:40 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY