$10K Weekly Payments over 8-9 Months??? Who's Patient Enough....?
Need a Funder or Vendor? START HERE

Results 1 to 21 of 21
  1. 03-09-2017, 09:46 PM #1
    Fundyman
    Fundyman is offline
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    $10K Weekly Payments over 8-9 Months??? Who's Patient Enough....?

    Seriously. Is there anyone able/willing/crazy/patient/whateveryoucallit enough to do such type of deal?

    Guy wants $10K over 9 months on weekly payments.

    I figure if anyone will do something close to it, it will work. Not sure if it's worth anyone's time, or what the requirements are for that.
    Reply With Quote Reply With Quote
  2. 03-10-2017, 09:52 AM #2
    Yankeeman07
    Yankeeman07 is offline
    Senior Member Reputation points: 84403
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,926

    Quote Originally Posted by Fundyman View Post
    Seriously. Is there anyone able/willing/crazy/patient/whateveryoucallit enough to do such type of deal?

    Guy wants $10K over 9 months on weekly payments.

    I figure if anyone will do something close to it, it will work. Not sure if it's worth anyone's time, or what the requirements are for that.
    How does the merchant dictate terms on high risk funding?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial
    Reply With Quote Reply With Quote
  3. 03-10-2017, 09:55 AM #3
    Michael I
    Michael I is offline
    Senior Member Reputation points: 305505
    Join Date
    Jun 2015
    Posts
    3,319

    why is this high risk funding? How much is he doing? tib?industry?
    Reply With Quote Reply With Quote
  4. 03-10-2017, 09:59 AM #4
    Chambo
    Chambo is offline
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,187

    Quote Originally Posted by Yankeeman07 View Post
    How does the merchant dictate terms on high risk funding?
    that's what I was thinking
    Reply With Quote Reply With Quote
  5. 03-10-2017, 10:01 AM #5
    Chambo
    Chambo is offline
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,187

    Quote Originally Posted by Michael I View Post
    why is this high risk funding? How much is he doing? tib?industry?
    If this guy has tried the normal channels that offer 9 month deals and weekly payments and doesn't have an offer yet (TBB, EVER, QB, BFS, etc), then it is most definitely high risk
    Reply With Quote Reply With Quote
  6. 03-10-2017, 10:18 AM #6
    Michael I
    Michael I is offline
    Senior Member Reputation points: 305505
    Join Date
    Jun 2015
    Posts
    3,319

    Quote Originally Posted by Chambo View Post
    If this guy has tried the normal channels that offer 9 month deals and weekly payments and doesn't have an offer yet (TBB, EVER, QB, BFS, etc), then it is most definitely high risk
    if being the main word. I just did last week a 10k 15 month deal with weekly payments.
    Reply With Quote Reply With Quote
  7. 03-10-2017, 01:26 PM #7
    Fundyman
    Fundyman is offline
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Quote Originally Posted by Chambo View Post
    If this guy has tried the normal channels that offer 9 month deals and weekly payments and doesn't have an offer yet (TBB, EVER, QB, BFS, etc), then it is most definitely high risk
    Thanks, Chamboo. You answered my question without even realizing it. I forgot who offered such terms. I doubt the merchant went through all those companies, as annoying as he is to begin with. Let me try a few of them.
    Reply With Quote Reply With Quote
  8. 03-10-2017, 01:26 PM #8
    Fundyman
    Fundyman is offline
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Quote Originally Posted by Michael I View Post
    if being the main word. I just did last week a 10k 15 month deal with weekly payments.
    Mike, you funded it yourself or you broker?
    Reply With Quote Reply With Quote
  9. 03-10-2017, 01:33 PM #9
    Michael I
    Michael I is offline
    Senior Member Reputation points: 305505
    Join Date
    Jun 2015
    Posts
    3,319

    Quote Originally Posted by Fundyman View Post
    Mike, you funded it yourself or you broker?
    no it was odc . i am a broker. add that to chambo list
    Reply With Quote Reply With Quote
  10. 03-10-2017, 01:34 PM #10
    Fundyman
    Fundyman is offline
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Quote Originally Posted by Michael I View Post
    why is this high risk funding? How much is he doing? tib?industry?
    avg $14K/mo, 2 yrs ib, car detailing company
    Reply With Quote Reply With Quote
  11. 03-10-2017, 01:35 PM #11
    Fundyman
    Fundyman is offline
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Quote Originally Posted by Michael I View Post
    no it was odc . i am a broker. add that to chambo list
    Thanks. I figured ODC might have done it. Originally, I was looking for a BLOC for the guy, but he got too demanding.
    Reply With Quote Reply With Quote
  12. 03-10-2017, 01:45 PM #12
    Chambo
    Chambo is offline
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,187

    Quote Originally Posted by Fundyman View Post
    avg $14K/mo, 2 yrs ib, car detailing company
    14K a month? Seriously doubt you will see a $10K offer for this one
    Reply With Quote Reply With Quote
  13. 03-10-2017, 02:06 PM #13
    omegafund
    omegafund is offline
    Senior Member Reputation points: 16709
    Join Date
    Jul 2014
    Location
    Jackson Hole Wy
    Posts
    726

    try loanme if in the right state they will do monthly
    www.omegafund.com
    Reply With Quote Reply With Quote
  14. 03-10-2017, 02:25 PM #14
    Fundyman
    Fundyman is offline
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Quote Originally Posted by omegafund View Post
    try loanme if in the right state they will do monthly
    Indeed! I always forget about Loanme cause they're like roulette when it comes to the right state.
    Reply With Quote Reply With Quote
  15. 03-10-2017, 04:20 PM #15
    omegafund
    omegafund is offline
    Senior Member Reputation points: 16709
    Join Date
    Jul 2014
    Location
    Jackson Hole Wy
    Posts
    726

    Quote Originally Posted by Fundyman View Post
    Indeed! I always forget about Loanme cause they're like roulette when it comes to the right state.
    yes it is roulette. Roll the dice and see what their computer says
    www.omegafund.com
    Reply With Quote Reply With Quote
  16. 03-10-2017, 05:28 PM #16
    Fundyman
    Fundyman is offline
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Quote Originally Posted by omegafund View Post
    yes it is roulette. Roll the dice and see what their computer says
    Annnnnnnnnnnnnnnnd, yes! The do Ohio! lol
    Reply With Quote Reply With Quote
  17. 03-10-2017, 05:54 PM #17
    LoanMe
    LoanMe is offline
    Senior Member Reputation points: 624
    Join Date
    Nov 2014
    Posts
    438

    Quote Originally Posted by Fundyman View Post
    Annnnnnnnnnnnnnnnd, yes! The do Ohio! lol
    Great send it!
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806
    Reply With Quote Reply With Quote
  18. 03-10-2017, 10:21 PM #18
    dworange
    dworange is offline
    Senior Member Reputation points: 570 dworange's Avatar
    Join Date
    Jun 2016
    Posts
    132

    Knight capital
    Reply With Quote Reply With Quote
  19. 03-11-2017, 01:55 PM #19
    JCsfscapital
    JCsfscapital is offline
    Member Reputation points: 10
    Join Date
    Jan 2017
    Posts
    57

    Quote Originally Posted by Fundyman View Post
    Seriously. Is there anyone able/willing/crazy/patient/whateveryoucallit enough to do such type of deal?

    Guy wants $10K over 9 months on weekly payments.

    I figure if anyone will do something close to it, it will work. Not sure if it's worth anyone's time, or what the requirements are for that.
    We can do weekly payments going out 9 months at Strategic. Email me: jcostigan@sfscapital.com
    Reply With Quote Reply With Quote
  20. 03-13-2017, 04:37 AM #20
    Fundyman
    Fundyman is offline
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Quote Originally Posted by JCsfscapital View Post
    We can do weekly payments going out 9 months at Strategic. Email me: jcostigan@sfscapital.com
    Yeah, but you're also Strategic! I guess you don't know your own reputation in the industry...
    Reply With Quote Reply With Quote
  21. 03-13-2017, 04:38 AM #21
    Fundyman
    Fundyman is offline
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Quote Originally Posted by Chambo View Post
    14K a month? Seriously doubt you will see a $10K offer for this one
    So far, $8K from EBF
    Reply With Quote Reply With Quote

Similar Threads

  1. 6 Months in Business Seekeing Weekly Payments
    By PMG in forum Deal Bin
    Replies: 11
    Last Post: 03-29-2016, 03:43 PM
  2. Weekly payments?
    By sdellitalia in forum Merchant Cash Advance
    Replies: 9
    Last Post: 01-19-2016, 06:35 PM
  3. Weekly/Monthly Payments
    By Funding24/7 in forum Merchant Cash Advance
    Replies: 14
    Last Post: 01-19-2016, 05:53 PM
  4. bi weekly payments
    By Del Broadway in forum Merchant Cash Advance
    Replies: 5
    Last Post: 04-28-2015, 01:23 PM
  5. @nd Posistion weekly payments
    By michaelh in forum Merchant Cash Advance
    Replies: 4
    Last Post: 01-07-2015, 06:34 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules



INDUSTRY ANNOUNCEMENTS
Pipe secures $100M credit facility
Cloudsquare: 14 new lender APIs
FundKite survey finds 77%

DIRECTORY