[pdmbls]

Concrete co. 20 years in business has great credit. Has two month old first position from Knight, funded amount 57k with 6 month term with 55k remaining. Customer wants to pay it down by 25k, and have another funder assume first position by paying off the 30k remaining, where he can net 30-40k with 10 month term. Any ideas?

Thank you gentlemen!

[dpFund]

I'd say Breakout Capital but don't think they will fund if the client has taken out MCAs in the last sixty days. Worth Asking Steve Safirstein or Carl Fairbanks, both of whom are on this forum.

We consolidate MCA's all day long, but it sounds like it is too small for me (my minimum funding is $100k)

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

Best,

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

[Michael I]

whats his volume ? why did he take knight(probably bad credit) . not that simple when he is paying off himself

[Anthony@torro]

Not sure what his monthly volume is or ending daily balances, but if you are not able to find what you're looking for as a first position and if the merchant is open a 2nd position offer I can certainly help you out here. If you are not already set up with a rep over here at Yellowstone, please feel free to reach out.

Anthony Saracino
Senior Funding Coordinator
Yellowstone Capital LLC
Direct: (516)-282-0933
Fax: (646)-403-3092
Cell: (201)-523-2596
Asaracino@Yellowstonecap.com

[Steven_O]

Concrete co. 20 years in business has great credit. Has two month old first position from Knight, funded amount 57k with 6 month term with 55k remaining. Customer wants to pay it down by 25k, and have another funder assume first position by paying off the 30k remaining, where he can net 30-40k with 10 month term. Any ideas?

Thank you gentlemen!

Take it to Quarterspot, assuming he has less than 6 nsf/negative days over the last 3 months, at least 10 deposits a month and atleast 2500 in adbs. He'll get a solid deal.

[Collinscash]

Anthony Collin
Smart Business Funding
Direct: 917-533-2979
Fax: 347-402-1650
Email: Anthony@SmartBusinessfunder.com
Web: http://www.smartbusinessfunder.com
Smart Business Funding

[AAlonzo]

Are you a Direct Lender or do you broker the deal and charge additional fees?