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04-14-2017, 04:16 PM #1
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2nd Position CA deal needs funding
Just got this done with IOU a week ago for 100K. Merchant went on business trip for a week, comes back and says wants another 20-30K.
In need of 2nd position CA lenders. The paper is clean, and "A" paper. I am looking for a low buy rate.
(Also, we have No CFFL) However, I have a trusted source with a lenders license that could sign up with anybody.
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04-14-2017, 08:04 PM #2
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What buy rate are you seeking?
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04-15-2017, 03:21 PM #3
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04-15-2017, 04:59 PM #4
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It's not "A" paper anymore if he needs a second position two weeks after getting 100k. Your second will have a high factor rate.
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04-16-2017, 11:39 AM #5
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2nd Position CA deal needs funding
For the buy rate you're seeking maybe quarterspot, although I am not sure what their restricted industries/states are. If all else fails we can offer a second position deal pending their ending daily balances but it will not be the buy rate you're looking for.
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