2nd Position CA deal needs funding
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  1. #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.

  2. #2
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    What buy rate are you seeking?

  3. #3
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    Quote Originally Posted by WestCoastFunding View Post
    What buy rate are you seeking?
    I would like to get a buy in the mid to late teens if possible.

  4. #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.

  5. #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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