[mistamca]

hey yall,

I've got a fairly unique deal, the merchant is generating around 1 mil a month. merchant lowered payments on three lenders a while back but never stopped paying. I've got a hard approval from one of the SBA banks I work with for 1.5 million to buy out all of the debt. I need around 500k to buy out the positions the SBA considers as debt not in good standing so that I can move forward with it and get everyone bought out. The Mca's he modified are all under 50%. I've got every piece of info you could want for collectibility merch has a high volume of cc deposits which I have statements for and access to. If you think this is something that is up your alley please feel free to reach out, I will do background on any prospective lenders so please don't waste my time if you are a fellow broker.

Any quality SBA lender is not on this site. If you don't want to work with a broker, then you aren't going to get much help to be honest. This is a common situation and most SBA lenders (especially ones that quickly flip their loans) don't care about. Most quality SBA lenders will "ignore" one or 2 negative line items. The problem is when there are "small" issues throughout the file & then the underwriter will fixate on a single problem.