Results 1 to 6 of 6
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04-20-2017, 11:48 AM #1
- Join Date
- Jul 2014
- Posts
- 82
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
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04-20-2017, 01:17 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
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
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04-20-2017, 07:06 PM #3
- Join Date
- Feb 2017
- Posts
- 3,426
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.
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04-20-2017, 09:28 PM #4
- Join Date
- Apr 2017
- Posts
- 11
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.
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04-21-2017, 11:53 AM #5
- Join Date
- Apr 2017
- Posts
- 16
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
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05-02-2017, 11:13 AM #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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