[Quickfunder]

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.

[AMERICApital1]

what's the current cost of his capital? hard to tell what a "rip off" truly is without numbers

[Quickfunder]

They sold him a stack pitching it as a renewal. So it's not so much the factor as the two factors combined.

[AMERICApital1]

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.

[Quickfunder]

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.

[Chambo]

Principus is still around?

[Sean Cash]

yup. They had a booth at the ETA show

[CpepeWBL]

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

[AndyYSCISOdept]

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

[Chambo]

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.

the merchant would need to get $80K offer.

1) you would need to submit previous 12 months of statements
2) if the high season isn't generating over $100K a month, that buyout offer an going to happen

[Ryan Shiroky]

"our loan amounts usually are competitive."

lol

[Quickfunder]

His balance is around 35k. He is doing 56k on average over 12 mths.

[ChristianScuderi]

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.