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  1. #1

    Need a deal placed.

    I have a merchant that is seeking 150K. Averages 120K with a 680 FICO. Currently carries a balance with On Deck of 70K. Not rate sensative but wants balance paid off and Terms past 18 months...any takers?

  2. #2
    Senior Member Reputation points: 12878
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    Only way that will happen is with a term loan

  3. #3
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by cjbreaux33 View Post
    I have a merchant that is seeking 150K. Averages 120K with a 680 FICO. Currently carries a balance with On Deck of 70K. Not rate sensative but wants balance paid off and Terms past 18 months...any takers?
    Is he asking to NET $150K, or just $150K total...?

  4. #4
    150 total.

  5. #5
    Any advice on who to turn to for term loans?

  6. #6
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    Quote Originally Posted by cjbreaux33 View Post
    I have a merchant that is seeking 150K. Averages 120K with a 680 FICO. Currently carries a balance with On Deck of 70K. Not rate sensative but wants balance paid off and Terms past 18 months...any takers?
    What is the industry and State?

  7. #7
    Senior Member Reputation points: 7360
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    cjbreaux33-

    This sounds like a possibility for funding through my model. He will need to show Net Monthly income of at least $19k (which is possible, with $120k/mo. topline).

    While I do have 24 and 30 month terms, my minimum funding amount for the longer terms is $250k.

    If you think he would be interested in a 18 month term, feel free to reach out and discuss. It is a monthly payment with early pre-pay available any time after six months with no fees, penalties or interest.

    best,

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

  8. #8
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    what industry?

  9. #9
    Senior Member Reputation points: 3217 CO1's Avatar
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    Need a deal placed.

    Bfs?

  10. #10
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    ..
    Last edited by WeAdvanceNow; 01-16-2019 at 02:48 PM.

  11. #11
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    Quote Originally Posted by cjbreaux33 View Post
    I have a merchant that is seeking 150K. Averages 120K with a 680 FICO. Currently carries a balance with On Deck of 70K. Not rate sensative but wants balance paid off and Terms past 18 months...any takers?
    Email me.

  12. #12
    Member Reputation points: 10
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    We could offer the possibility of a long term advance or as a term loan considering their credit isn't bad. Send me an email and we can discuss the details of the file.
    Jahnae Allen
    Sr. Funding Coordinator

    Direct: (386) 215-6580
    Email: jallen@1080funding.biz


    1080 Premium Funding
    163 Sand Pebble Circle
    Port Orange, FL 32129

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