California Auto Repair Company : Any Suggestions or Opportunities ? - Read
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  1. #1

    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

  2. #2
    Senior Member Reputation points: 99426
    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.
    Archie Bengzon
    Jumpstart Capital
    archie@jumpstartcapital.biz
    www.jumpstartcapital.biz

  3. #3
    Senior Member Reputation points: 49940
    Join Date
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    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.

  4. #4
    Member Reputation points: 360
    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: 212-495-9924
    Last edited by Cashvillagellc0102; 04-20-2017 at 01:27 PM.

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