Results 1 to 13 of 13
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05-09-2014, 04:59 PM #1
- Join Date
- Apr 2013
- Posts
- 359
Strong File - But Medium Balance. Who gives the highest approvals
Bank statements clean. Deposits are good. Averaging about 50k but going into the high season. Need to pay off a 40k bal. with change left over. Last company ripped off merchant, he wants to consolidate with lower payments.
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05-09-2014, 05:16 PM #2
- Join Date
- Apr 2014
- Location
- New York
- Posts
- 274
Strong File - But Medium Balance. Who gives the highest approvals
what's the current cost of his capital? hard to tell what a "rip off" truly is without numbers
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05-09-2014, 06:07 PM #3
- Join Date
- Apr 2013
- Posts
- 359
They sold him a stack pitching it as a renewal. So it's not so much the factor as the two factors combined.
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05-09-2014, 06:11 PM #4
- Join Date
- Apr 2014
- Location
- New York
- Posts
- 274
Strong File - But Medium Balance. Who gives the highest approvals
does he have any assest how much change do we need. I could get a decent offer on this if you want another broker to try.
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05-09-2014, 06:40 PM #5
- Join Date
- Apr 2013
- Posts
- 359
No thanks - just wanted some suggestions on who will do high approvals; e.g., Principis with CC totals, but not as high with total deposits.
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05-09-2014, 08:08 PM #6
Principus is still around?
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05-10-2014, 09:36 AM #7
yup. They had a booth at the ETA show
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05-12-2014, 09:30 AM #8
- Join Date
- Jun 2013
- Posts
- 195
If it's in one of our states, our loan amounts usually are competitive. Feel free to shoot me an email at cpepe@wbl.com
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05-12-2014, 10:15 AM #9
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
If the "Strong months" are really solid (in the 115-140K range I could definitely get that paid off with a nice deal on it.
Email me if youre interested. amcdonald@yellowstonecapllc.com
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05-12-2014, 12:26 PM #10
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05-12-2014, 03:40 PM #11
"our loan amounts usually are competitive."
lol
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05-12-2014, 04:14 PM #12
- Join Date
- Apr 2013
- Posts
- 359
His balance is around 35k. He is doing 56k on average over 12 mths.
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05-13-2014, 10:44 AM #13
- Join Date
- May 2014
- Location
- Uniondale
- Posts
- 10
its difficult to discuss without having the statements to refer to but depending on how the terms, we're capable of lowering the factor rate and spreading out the terms in order to lower the daily payback.
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