3rd position 100k
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  1. #1
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    3rd position 100k

    Merchant is in retail, does between $200-250k monthly. November and December being her busiest months they clear about $350-$400k those months. Has a first position owes 200k on it still and second with 30k left (2nd position will be paid off in two months)

    Sell Rvs, as well as parts, and service them.
    Do about 50k in cc sales monthly. no nsfs no negative days, credit is decent, never missed any payments on mca's

    Is there a lender that would come in on third position for about 100k via her cc's sales or give strong second for same amount with longer term then 6 months?

    thank you in advance

  2. #2
    Veteran Reputation points: 135672 Chambo's Avatar
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    That's a major default waiting to happen. Owes 230K, MAYBE does $400K, and wants ANOTHER $100K on top of that?

  3. #3
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    Quote Originally Posted by Chambo View Post
    That's a major default waiting to happen. Owes 230K, MAYBE does $400K, and wants ANOTHER $100K on top of that?
    she does 250k every month, she pays $500 on first position and $500 on second position daily she she handles them just fine. has never missed any payments at all. She just wants the additional to put an addition on the servicing part of the business. They do 400k a month in each nov and dec because of the holidays.

  4. #4
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    Mantis!! ..if we are not already in the file.
    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

  5. #5
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    Quote Originally Posted by mcaguru View Post
    Mantis!! ..if we are not already in the file.
    Marcus, does Mantis have a credit card retrieval option does it have to be ach?

  6. #6
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    Maybe TheFundWorks?

  7. #7
    please send over this file. Nathan@empirefunding.com

    EMPIRE FUNDING
    1022 AVE M BROOKLYN NY 11230
    646 930 4338
    nathan@empirefunding.com

  8. #8

    3rd position 100k

    Feel free to send over the info and we will take a look.
    Last edited by The Loan Ranger; 02-27-2017 at 04:45 PM.

  9. #9
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    Quote Originally Posted by Sachip24 View Post
    Merchant is in retail, does between $200-250k monthly. November and December being her busiest months they clear about $350-$400k those months. Has a first position owes 200k on it still and second with 30k left (2nd position will be paid off in two months)

    Sell Rvs, as well as parts, and service them.
    Do about 50k in cc sales monthly. no nsfs no negative days, credit is decent, never missed any payments on mca's

    Is there a lender that would come in on third position for about 100k via her cc's sales or give strong second for same amount with longer term then 6 months?

    thank you in advance
    We are very strong in this type of situation.

  10. #10
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    seeking 100k

    Consolidate this merchant,
    WG will do it along with a couple others already posted..

    I have done many files like this into a monthly program.



    Steven jones
    2102904102
    Support@davincinc.com
    Main: davincinc@outlook.com
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

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