Results 1 to 25 of 29
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02-22-2017, 07:10 AM #1
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kings Cash new owners
I was told by a close source to the company that former Pearl owners Abe and Meir now own Kings Cash.
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02-22-2017, 09:00 AM #2
Reputation points: 503040
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02-22-2017, 09:46 AM #3
Reputation points: 62986
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- Apr 2015
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kings Cash new owners
What's their contact information?
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02-22-2017, 10:38 AM #4
Reputation points: 8550
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- Apr 2016
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Bruce is Great to work with over there!
Bruce Gurvitsch
Director of Business Development
Direct: 212 659 6226
Fax: 212 537 0638
Email: Bruce@KingsCashGroup.com
Kings Cash Group, LLC
30 Broad Street | 12th Floor
New York, New York 10004
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02-22-2017, 10:41 AM #5
Reputation points: 503040
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Gonna agree that Bruce is good.
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02-22-2017, 10:45 AM #6
Reputation points: 12878
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- Jan 2016
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02-22-2017, 10:58 AM #7
Reputation points: 49940
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- Aug 2014
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kings Cash new owners
They do make very good offers and pay up to 14 I believe at 1.43. The last deal one of my ISO's did with them was a 6 month term.
Last edited by Anthony@torro; 02-22-2017 at 11:08 AM.
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02-22-2017, 11:03 AM #8
Reputation points: 9581
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- Dec 2016
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- 59
Hey SF & West Coast,
First of all, Bruce is awesome! What I heard was that Abe and Meir purchased equity in the company, however Mike and Albert are still the managing partners of KCG. I'm pretty sure they now have a ton of money to fund more
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02-22-2017, 11:12 AM #9
Reputation points: 10
- Join Date
- Oct 2016
- Posts
- 4
Had to jump in and reference Andy,have been working with him for years, standup guy.
Andy Stone • ISO Relations • Kings Cash Group
Direct. (212) 547-3213
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02-22-2017, 11:13 AM #10
Reputation points: 15
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- Aug 2014
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- 49
kings Cash new owners
Are they cash crunch as well got some crazy approvals from them I guess it's there high risk department not sure
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02-22-2017, 11:34 AM #11
Reputation points: 503040
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- Oct 2016
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Yeah, apparently they've merged with cash crunch, and will offer really short term offers now, too. Like 2 month terms. I like what Kings is doing. So many new companies step into the space and offer no creativity. These guys are bringing creative products that can compete.
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02-22-2017, 02:27 PM #12
Reputation points: 439
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- Dec 2015
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- 49
kings Cash new owners
Bruce is the MAN
Avi Levi
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02-22-2017, 02:41 PM #13
what is creative about paying 14% on a 1.43 6 month deal? or doing a 2 month term to lower the buy rate to let's say... 1.15?
sounds like the least creative thing imaginable not to mention i can name 3 companies off the top of my head that have been doing that for at least 2 years.Anthony Diamond
Underwriter
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02-22-2017, 02:51 PM #14
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- Jun 2013
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Nice mood kill, Anthony.
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02-22-2017, 03:49 PM #15
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02-23-2017, 03:24 PM #16
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- Jun 2016
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02-23-2017, 03:56 PM #17
and last I heard, they do auto sales!
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02-23-2017, 04:15 PM #18
Reputation points: 54989
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- Dec 2013
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Chambo! long time no see!
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
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02-23-2017, 04:20 PM #19
Reputation points: 11185
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- Jun 2013
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They don't do auto sales anymore, and hopefully nobody else still does.
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02-23-2017, 04:56 PM #20
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02-23-2017, 09:50 PM #21
Reputation points: 54989
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Nothing wrong with the concept of used auto sales. I don't know anyone that consistently made money funding them. Most that do fund eventually stop.
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02-24-2017, 11:50 AM #22
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02-24-2017, 12:53 PM #23
Reputation points: 54989
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- Dec 2013
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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
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02-24-2017, 12:58 PM #24
hard to say my friend. you have a book, why don't you tell us?
i would say any of the major restricted industries - a lot of lenders ban trucking, financial services, real estate, etc - i suppose any type of broker-type of revenue or pass through revenue such as insurance because the deals are over priced and the offer inflated. low margin aside - nearly 60% of small businesses have a "low margin" but i'd say the ones with a very low cash flow are unable to keep up with high daily payments
Anthony Diamond
Underwriter
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02-24-2017, 01:03 PM #25
Reputation points: 54989
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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
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