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  1. #1
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    Deal Question:

    Does anyone other than ARF offer weekly paybacks?
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

  2. #2
    Senior Member Reputation points: 8603 Regium's Avatar
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    We have in the past, granted it makes sense

    mike@hcapitaladvance.com

  3. #3
    Same here - can be done if it makes sense

    bruce@bdfunding.com

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    Quickbridge will do it if it's a solid deal.

  5. #5
    Same here, for a solid deal it has happened. Granted that it is nowhere near the norm.
    What are his deposits?

  6. #6
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    Thanks Zach, Quickbridge only will do it renewals.
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

  7. #7
    BFS does it, I got one done earlier this month through them. I think they will only consider it if it is fairly clean though, and enough volume to make sense.

  8. #8

    Deal Question:

    I can do it for you,

    Sam Greenwald
    212-444-1320x200

  9. #9
    Veteran Reputation points: 135672 Chambo's Avatar
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    The return of greenwald!!!!!

  10. #10
    At BD Funding, we have done them. Happy to look at any deal. E-mail me at bruce@bdfunding.com.

  11. #11
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    Quote Originally Posted by bruce@bdfunding.com View Post
    At BD Funding, we have done them. Happy to look at any deal. E-mail me at bruce@bdfunding.com.
    Hey Bruce! Remember that one time you decided to broker to me and sent me a deal on my company application that I submitted out a few days earlier that got backdoored to you and you submitted back to me? I still will never forget the moment I opened my email and saw my own application come back. I still will never forget that you forwarded it over to me with the forwarding information of who it came from and how you didn't even check it before sending it. The **** fit I had and those who felt the wrath that day.

    I think that was one of the first times that I knew one of my goals was to rip new @$$ holes to those who decided to be stupid. So funny how little has changed since then.
    Amanda Kingsley
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  12. #12
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    Quote Originally Posted by WhoisKingsley View Post
    Hey Bruce! Remember that one time you decided to broker to me and sent me a deal on my company application that I submitted out a few days earlier that got backdoored to you and you submitted back to me? I still will never forget the moment I opened my email and saw my own application come back. I still will never forget that you forwarded it over to me with the forwarding information of who it came from and how you didn't even check it before sending it. The **** fit I had and those who felt the wrath that day.

    I think that was one of the first times that I knew one of my goals was to rip new @$$ holes to those who decided to be stupid. So funny how little has changed since then.
    HAHA. Amanda Kingsley for president 2020.

  13. #13
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    The only issue I see with offering a weekly payment on a merchant that you (as the funder) have no history with is that if they miss one payment your monthly take is down 25% just like that! It doesn't seem like the safest of methods which Is why I saw it offered for about 6 months a few years ago...but apparently it can happen?

  14. #14
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    Quote Originally Posted by AndyYSCISOdept View Post
    The only issue I see with offering a weekly payment on a merchant that you (as the funder) have no history with is that if they miss one payment your monthly take is down 25% just like that! It doesn't seem like the safest of methods which Is why I saw it offered for about 6 months a few years ago...but apparently it can happen?
    I remember when lenders would put a mefrchant on weekly then if they miss a payment it reverts to daily for the duration

    imo that method was the best - its on the merchant at that point = preform or dont

  15. #15
    Does anyone accept daily payments by American Express instead of a business checking account/

  16. #16
    Senior Member Reputation points: 118256 ridextreme's Avatar
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    Quote Originally Posted by finance101 View Post
    Does anyone accept daily payments by American Express instead of a business checking account/
    Sure have your client contact AMEX they have a 1.06 cheap rate, they will thank you for it.

  17. #17
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    Quote Originally Posted by 1StopFunding View Post
    Does anyone other than ARF offer weekly paybacks?
    We offer weekly payback options regularly. The offer always comes daily if not requested initially. However, you can either request weekly in the submission or ask after you receive the offer.

    Jeff Pecori
    ISO Relations manager
    VitalCap Fund
    48 Wall St. New York, NY 10005
    P. 850.630.7509
    F. 646.219.7949
    jeff@vitalcapfund.com

  18. #18
    Senior Member Reputation points: 51397 DTFdowntofund's Avatar
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    Most shops will allow a weekly payment if the merchant sustains healthy ledgers.

  19. #19
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    Does anyone realize the original post was from 2014? The people who responded here are either not in business or full of sh*t back in the day.
    Amanda Kingsley
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  20. #20
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    Quote Originally Posted by 1StopFunding View Post
    Does anyone other than ARF offer weekly paybacks?
    Your Cresthill Rep can do this all day long !
    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

  21. #21
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    Quote Originally Posted by mcaguru View Post
    Your Cresthill Rep can do this all day long !
    How many weekly VS daily paybacks do you do? Honestly.
    Amanda Kingsley
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    Always Live and Lead with Integrity.

  22. #22
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    Quote Originally Posted by WhoisKingsley View Post
    How many weekly VS daily paybacks do you do? Honestly.
    I can tell you we are one of the larger deal producers in the country! so even are less than can still be alot in comparison to other houses.
    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

  23. #23
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    Quote Originally Posted by mcaguru View Post
    I can tell you we are one of the larger deal producers in the country!
    Show some receipts.

  24. #24
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    Quote Originally Posted by mcaguru View Post
    so even are less than can still be alot in comparison to other houses.



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