Results 1 to 9 of 9
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07-28-2020, 10:45 AM #1
- Join Date
- Jan 2020
- Posts
- 13
Funding For Retail Wireless Stores
Any know where I can get an approval with a 1.15-factor rate over a year? Merchant doing 3M a month as a franchise owner of multiple wireless stores. Does anyone know who can get this done?
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07-28-2020, 12:23 PM #2
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- Feb 2017
- Posts
- 3,395
Hard money lenders do rates like that, and even cheaper, with interest only and a balloon.
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07-28-2020, 02:28 PM #3
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07-28-2020, 02:33 PM #4
- Join Date
- Feb 2017
- Posts
- 3,395
He asked a very wide open question. There are no MCAs like that, but there are other loans if the collateral is there. Factoring also does rates like that, but they don't have true AR. If his credit is excellent, I can get him bank APR with Prime + rates. Maybe "Daily" Funder means only daily payments i.e. cash advances?
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07-28-2020, 05:02 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,921
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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07-29-2020, 03:10 PM #6
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 497
We can consider on credit card split for 10 months. Money factor would be subject to underwriting. We have funded wireless stores in the past.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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07-29-2020, 04:19 PM #7
- Join Date
- Jun 2017
- Posts
- 2,049
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07-29-2020, 06:05 PM #8
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,921
It was a general statement - even in these times, MCA Underwriting is more strict and if there is a better
alternative for a business owner to obtain capital at a lower cost is a better direction.
Maybe not the most money for an sales rep - but could be a much better situation for the merchant.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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08-28-2020, 11:55 AM #9
- Join Date
- Aug 2020
- Posts
- 14
Hi,
My name is Izzy,
Hit me up i can help you with funding with in ASAP..
Feel free to call me on 202-836-7538
Looking forward helping you out.
Thanks
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