A Paper Restaurant Delivery Service 150k a month (wants to keep Kabbage) 160k ask
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  1. #1

    A Paper Restaurant Delivery Service 150k a month (wants to keep Kabbage) 160k ask

    I have a client with great personal credit near 800 fico banks are fantastic, I have an offer from OnDeck for 180K. However, OnDeck wants to payoff Kabbage and my client wants to keep Kabbage untouched. As I mentioned his banks are 150k on average in deposits a month 100k of which is credit cards (roughly) avg daily balance 30k, 40+ deposits every month

    DIRECT LENDERS ONLY PLEASE!!

    Thanks for looking

    DM me if you you won't touch Kabbage & can be at 1.28 or less for 12 months, he will take a shorter term OnDeck is at 1.18 for 9 months, but the value is in him keeping Kabbage and this could get done at a 1.22 for 9 months


    Best regards,

    Money Matchmaker

  2. #2
    Senior Member Reputation points: 84403
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    I think it is interesting the client is dictating terms on a deal
    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

  3. #3
    Senior Member Reputation points: 226125
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    3,396

    So then get him out of MCAs and Kabbage all together and get him a Business LOC!

    Can I introduce you to the product and you can be your own ISO for this deal? Shouldn't be a problem with an 800 FICO to get him FAR more than that through business lines of credit with effective rates between 4-11%.

    We're talking in the $250,000. And you'll make 2.5 points on the deal minimum. Email me for details, I'll make the introduction.

  4. #4
    I may be able to help.
    I work for a direct lender and could possibly give you a second position.
    Send me a contact number to get in touch with you in the morning.

  5. #5
    Dear Money Match Maker,

    WBL ability to consolidate existing advances. We don’t pay them off – the money is deposited in their account and they are responsible for paying off- no net rules for the merchant

    In just recent weeks our pricing has dropped significantly.

    Please feel free to give me a call to discuss the file.

    Anthony DeLeonardo
    Vice President | Regional Wholesale Manager

    World Business Lenders
    101 Hudson Street, 33rd Floor
    Jersey City, NJ 07302

    Direct: (646)880-8035
    Fax: (551)267-6714
    Email: adeleonardo@wbl.com

  6. #6
    We may be able to help you contact us at https://www.fastcapital360.com
    Fast Capital 360 - Fast, Transparent & Fair Small Business Loans.

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