ASAP: Wholesale Importer Making about 130K/month Low Can Balance
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  1. #1

    ASAP: Wholesale Importer Making about 130K/month Low Can Balance

    Merchant wants to work with me in getting this deal done.

    Currently has a 61K offer from me at 1.26 10/mo, requires 13K Can Capital Payoff

    However, he has a competing offer 65K at 1.25 10 months, no Can Capital Payoff.

    I'm looking for anyone who's willing to match (and offer a good commission). Merchant has taken out several advances with Can Cap. and has a long payment history.

    Please call me 646-768-9716

    Thanks,
    Nash

  2. #2
    Senior Member Reputation points: 49940
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    ASAP: Wholesale Importer Making about 130K/month Low Can Balance

    Try Kalamata or OnDeck.

  3. #3
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    ASAP: Wholesale Importer Making about 130K/month Low Can Balance

    Kalamata and ondeck are doing 2nds? I learned something new. Try IOU or QS

  4. #4
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    He said there is a 13k Can Capital balance, I would assume they would have no problems clearing out a balance that low.

  5. #5
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    WHo are their customers?
    ---
    Bill Doody
    Round Table Financial
    Business Development Officer
    bill@rtfinancialgroup.com
    C: (949) 444-3346

    www.rtfinancialgroup.com

  6. #6
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    Nash, Quarterspot offers 6pts, but you can sell the deal in that range.... 1.24... 9-12 months... and the benefits will sell the deal (amortizes like a traditional loan, reports to experian business).

  7. #7
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    Quote Originally Posted by sigmundpannu View Post
    Kalamata and ondeck are doing 2nds? I learned something new. Try IOU or QS
    The new thing you need to learn is to think a drop out of the box. Just because the merchant has a second position offer this is not what you need to compete on . Be smarter and win the business. I agree with anthony and most wholesale guys will not have the deposits for iou .

  8. #8
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    Question today is whose NOT doing 2nds?!! Almost evrey week i learn a new funder started doing 2nds
    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

  9. #9
    Thank, I will give it a shot.

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