Results 1 to 4 of 4
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04-18-2017, 03:09 PM #1
- Join Date
- Apr 2015
- Posts
- 31
California Auto Repair Company : Any Suggestions or Opportunities ? - Read
California Auto Repair Company
Last 6 months average revenue $75,000 ( last 3 months $83,000)
Last 6 months average ending balance $7500 (last 3 months $6,300)
average deposits 70
Owes Funding Circle $70,000 ( 3000 monthly)
Has an advance - Owes $70,000 ( 255 a day )
Credit 650 +
in Business 14 years
Not willing to secure with property
Really looking to pay off either company ( FC or Advance) and pay another 2000 or 3000 on top of what he is already paying
wants $50,000 net or best offer
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04-18-2017, 03:16 PM #2
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Even if another funder treats the Funding Circle loan as business debt and not an advance, the merchant will have to qualify for $140,000 to net 50%. I don't see it happening unless he does $100K+ per month in average revenue.
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04-19-2017, 01:01 AM #3
- Join Date
- Aug 2014
- Posts
- 620
California Auto Repair Company : Any Suggestions or Opportunities ? - Read
If you're unable to find a buyout of their current advance and they're open to a second position, I think this deal should qualify for between 25-40k based off what you wrote. If we can be of any assistance, please feel free to reach out.
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04-20-2017, 01:12 PM #4
- Join Date
- Apr 2017
- Location
- New York, N.Y.
- Posts
- 24
We have had the pleasure of communicating with you in the past, but we haven't heard from you recently. We would like to earn your business and show you why over 500 ISO's use Cash Village funding!
Cash Village Funding, LLC :
Our rates and terms
Our factor rates are between a 1.38 and a 1.49, with opportunity to up-sell at a 1 to 2 ratio. Our terms are anywhere between 3-8 months.
Positions
First to eighth position, if room allows.
Response time
After submissions, responses within 6 business hours.
Renewal time frame
We can refinance merchants after they are 50% paid off and we can provide another position after 30 days of payments.
Early payoff discount
We offer early payoff discounts on all contracts.
Consolidations
We can consolidate merchants with no net requirement.
Stipulations
Void check, driver’s license, business license, and landlord.
All the best,
Thank you,
ISO@cashvillagefunding.com
ISO Relation / Underwriter
Cash Village Funding, LLC.
www.cashvillagefunding.com
Tel: 212-495-9924Last edited by Cashvillagellc0102; 04-20-2017 at 01:27 PM.
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