The champagne is flowing over at FundKite!
On Monday August 6th, 2018, we set a new company record with a $1.7 Million Reverse Consolidation Deal! Our largest to date, this deal saves the manufacturing merchant $136,000 in cash flow per month for 7 months, that’s how effective the reverse consolidation program is! FundKite was able to pay off the business owner’s other funders and provide him with lower rates and a longer term. For more on how reverse consolidation works, read this article.
The FundKite ISO rep team would like to thank ISO Alex Ricci from Moneywell Funding for working with us to get this deal funded. Ricci was just as excited to be able to provide funding for his merchant and offered the inspirational words of, “I’m proud of this deal, it took a long time for my company to close a deal that size. I want to show my rookie ISO’s, and clients it is possible. And that I lead by example.” Everyone in the industry is excited to see numbers like Ricci’s, which reflect how much the alternative lending industry has grown in just a few short years.
But the funding didn’t stop there! Staying true to our moniker as the originators of reverse consolidation, that same day our ISO rep team also funded a $400,000 Reverse Consolidation in the medical industry!
Yesterday was a big day with much cause for celebration! With over 2.1M funded in ONE DAY, August is shaping up to be a great month for FundKite.
Thank you to our ISOs who helped make this happen! If you have a deal you would like to discuss, sign up at [email protected] If you would like to apply to get your business funded with our reverse consolidation plan, click here. FundKite offers funding options ranging from $20,000-$2,000,000, and as shown above, we mean it!record funding