payoff of 120k
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  1. #1

    payoff of 120k

    I have a deal I am trying to fund, merchant owes 120k, wants to go out longer than the 9 month term, and extend to 18 months,and borrow another 50k, he is doing 150k-200k per month and also has a recent tax lien, any suggestions I would appreciate.

  2. #2
    I work with 2 lenders who offer extended term loans however getting the merchant in a second position for an 18 month term varies. It all depends on how much the consistent the daily payback is on top of the main criteria. I would like to offer my services, for more emails please email me directly at cscuderi@mcamerchant.com

  3. #3
    I think hes looking to pay off the 120, and borrow 50, at a longer term if possible, can you send your number to cj@merchantcatalyst.com, ill contact you



    many thnx

  4. #4
    Veteran Reputation points: 135672 Chambo's Avatar
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    Pay off $120,000 and only net $50,000? For real?

    So the merchant gets $50,000 with a $150,000 payback (best case scenario)? A 3.0?

    Only a moron merchant, or a merchant who has no intention of paying anything back anyway would take that deal

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