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Thread: Need a 12 month payback with ach capability

  1. #1
    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.

  2. #2
    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

  3. #3
    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?

  4. #4
    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

  5. #5

    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!


    Become an ISO

    1st Merchant Funding
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    In business since 2007. We specialize in funding A-D paper. Factor Rates as Low as 1.15! Funding up to $250,000.

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  6. #6
    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-

  7. #7

    Default

    We can do 12 month programs without changing the processor.
    Thanks,
    Laura Franklin
    (937) 626-4697
    laurafranklin45429@gmail.com

  8. #8
    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

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