Need $250k+ Second Position
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  1. #1

    Need $250k+ Second Position

    Client makes $1.2 Million/Month
    Great Balances
    Credit 700
    1st Position - $13k/weekly - $400k balance

    I need a $250k+ second position 1.25 - 10 Months with weekly payments. Can anyone do this? I have an offer at these terms paying a few points but no weekly payment.

  2. #2
    Senior Member Reputation points: 338677
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,483

    WayUp,

    -What does the Company do?
    -Who are their customers?
    -Do they have a senior lending relationship in place?

    Best,

    Kevin

    Seacoast Business Funding www.seacoastbf.com
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
    Sell the daily payment. The merchant needs to realize that the dollar amount of weekly / daily / monthly payments will all be the same cost once it's all said and done.

    Advise the merchant to make weekly deposits in a sufficient amount to cover the daily draw x 5.

    Or wait and look for an off that may not exist.

    Sell it !!!

  4. #4
    Member Reputation points: 12
    Join Date
    Jul 2016
    Location
    GA
    Posts
    19

    sent you a pm

  5. #5
    Member Reputation points: 18
    Join Date
    Oct 2014
    Location
    New York
    Posts
    53

    Need more information to determine whether this is a possibility. Sending you a PM now.

  6. #6
    Im willing to take a look at it ! Jlocklear@locklearcapital, I will pay you %75 on this deal

  7. #7
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Way Up -

    If the numbers shake out (the client has appropriate profitability for the debt), I can pay off the first and provide cash out (we do not stack).

    Weekly or Monthly payment. Early payoff after six months with no fees, penalties or interest.

    $100k minimum funding, $2MM Max.

    Feel free to reach out if you would like to discuss.

    Best,

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

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