Merchant Cash Advance Forums  

Go Back   Merchant Cash Advance Forums > Merchant Cash Advance Providers, ISOs, & MSP Discussions > Merchant Cash Advance Providers & Professionals
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Merchant Cash Advance Providers & Professionals Discuss everything related to Merchant Cash Advance Providers.

Click here
Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 11-07-2008, 02:11 PM
Junior Member
 
Join Date: Sep 2008
Location: Tampa
Posts: 3
Default Need a 12 month payback with ach capability

I need a funding company that can provide a 12 month payback, and a payback without changing processors or using a lockbox. The only other way I know to do this is ACH, which would be fine, or I am open to any other solution. This merchant is pre-screened and has good credit, and should be a relatively easy approval. Merchant has 4 locations and I have last 4 months statements on each, and approval to underwrite ready to go.

Funding amount is $200K

Please contact me as soon as possible if you have a solution.

813-333-1440.
Reply With Quote
Sponsored Links
  #2 (permalink)  
Old 11-08-2008, 04:15 PM
Junior Member
 
Join Date: Sep 2008
Posts: 9
Default

how high is the fico?
what type of business?
can you obtain bank statements and financials?
seasonal?
etc etc etc
Reply With Quote
  #3 (permalink)  
Old 11-11-2008, 06:29 PM
Junior Member
 
Join Date: Nov 2008
Posts: 8
Default

I am actually in need of the same thing. What lender's do a 12 month payback other than AMI?
Reply With Quote
  #4 (permalink)  
Old 11-12-2008, 08:13 AM
GRP Funding's Avatar
Senior Member
 
Join Date: Jul 2008
Location: Springfield, MA
Posts: 548
Default

We can go out to 9 months - and have an ACH program.

Seems like a lot of funding sources are starting to back away from the 10-12 month programs. A few of our ISO's work with AMI as well - and sounds like even they have a hard time getting someone approved on a 12 month deal right now.
__________________
Brian Bartos
Business Development
GRP Funding, LLC
1350 Main Street
Springfield, MA 01103
Toll-Free: (877) 571-7999
Direct: (413) 241-8983
Fax: (800) 823-2175
E-Mail: bbartos@grpfunding.com
GRPFunding.com | Request ISO/Agent Info
Reply With Quote
  #5 (permalink)  
Old 11-12-2008, 10:16 AM
1st Merchant Funding's Avatar
MCA Forum Sponsor
 
Join Date: May 2008
Posts: 328
Default

Quote:
Originally Posted by GRP Funding View Post
Seems like a lot of funding sources are starting to back away from the 10-12 month programs. A few of our ISO's work with AMI as well - and sounds like even they have a hard time getting someone approved on a 12 month deal right now.
Cant blame them in this economy!
Reply With Quote
  #6 (permalink)  
Old 11-12-2008, 02:42 PM
Senior Member
 
Join Date: Aug 2008
Location: Louisville
Posts: 832
Default

if they are willing to change processors, we can offer 12 months @ 24.99% interest of loan amount- $150,000 max. this is not a cash advance product- its a microloan product we now offer under our company brand, RFG-
Reply With Quote
  #7 (permalink)  
Old 11-12-2008, 04:32 PM
Senior Member
 
Join Date: Jul 2008
Posts: 145
Default

We can do 12 month programs without changing the processor.
__________________
Thanks,
Laura Franklin
(937) 626-4697
laurafranklin45429@gmail.com
Reply With Quote
  #8 (permalink)  
Old 02-07-2009, 08:11 PM
Vic_Mackey's Avatar
Senior Member
 
Join Date: Feb 2009
Location: NYC
Posts: 701
Default

Quote:
Originally Posted by Bluestar View Post
I need a funding company that can provide a 12 month payback, and a payback without changing processors or using a lockbox. The only other way I know to do this is ACH, which would be fine, or I am open to any other solution. This merchant is pre-screened and has good credit, and should be a relatively easy approval. Merchant has 4 locations and I have last 4 months statements on each, and approval to underwrite ready to go.

Funding amount is $200K
This sounds like the type of vehicle ON DECK CAPITAL partakes in
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump



MCA Forums Sponsored by:


All times are GMT -5. The time now is 08:35 PM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.2.0 RC8
vB.Sponsors
Ad Management by RedTyger