Client needs $200k ASAP
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  1. #1
    Senior Member Reputation points: 8723 helpinghand's Avatar
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    Cleveland
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    Client needs $200k ASAP

    Hi everyone,

    I have a client that needs $100k BLOC for working capital, and would like the lender to consider re-financing existing MCA debt in the amount of $90k (decreasing by appx. $1,000/day). Say $200k to be safe.

    Please do not follow-up with this unless you believe that there is a very good chance he can get financing from you. To help facilitate that, here are a few key metrics about our client.

    Glass and mirror glazing company
    In business for 4+ years
    Took a loss in 2013, -$82,165
    Netted profit of $178,000 in 2014
    Revenue growth, 2014 versus 2013: 92.3%
    Quick Ratio, 12/31/13: 1.03
    Quick Ratio, 12/31/14: 1.28
    Quick Ratio (Interim Financials), Q1, 2015: 2.03
    Profit (Interim Financials), Q1, 2015: $29,000 (note: Q1 is slowest Q)
    Owner is 100% owner, personal credit score just under 650

    In my hands I have the following documents:

    Sept - Feb, 2015 bank statements
    Debt schedule (2 cash advances and an advance repayment owed to Fundbox, around $90k)
    2012, 2013, 2014 financials
    Q1 2015 Interim Financials
    3 Years biz tax returns
    1 Year personal tax returns

    Again, while we appreciate all inquiries, please do not follow-up unless you in good faith believe that based on these metrics my client will qualify for financing from you. Thanks so much everyone.

    E-mail me directly at CapitalPartnerSolutions@gmail.com - this is not the name of my company but an e-mail created specifically for posting to public threads.

    THANK YOU!

  2. #2
    Senior Member Reputation points: 50583
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    It seems that you already tried qualifying this merchant since you have 95% of the documents that are usually requested... did he get turned down? PM me and let me know if this is moving forward. I can help if you would like.
    Amanda Kingsley
    DailyFunder: WhoisKingsley
    This is me. https://www.facebook.com/whoiskingsley
    I am Here too. https://www.facebook.com/groups/TheClosersGroup

    Always Live and Lead with Integrity.

  3. #3
    Banned Reputation points: 4530
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    we might be able to help you with this Amanda
    Bob

  4. #4
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    If you send the following we can let you know in a few minutes if we can get the deal done. If you're uncomfortable I would be glad to send a broker agreement or sign any non-disclosure document you have.
    If the deal can be done it would take 20-30 days to close and fund.
    Bob Shaw
    734-929-3800
    rshaw@advancecredit.com

    Debt schedule (2 cash advances and an advance repayment owed to Fundbox, around $90k)
    2013, 2014 financials
    1 Years biz tax returns
    1 Year personal tax returns

  5. #5
    Quote Originally Posted by helpinghand View Post
    Hi everyone,

    I have a client that needs $100k BLOC for working capital, and would like the lender to consider re-financing existing MCA debt in the amount of $90k (decreasing by appx. $1,000/day). Say $200k to be safe.

    Please do not follow-up with this unless you believe that there is a very good chance he can get financing from you. To help facilitate that, here are a few key metrics about our client.

    Glass and mirror glazing company
    In business for 4+ years
    Took a loss in 2013, -$82,165
    Netted profit of $178,000 in 2014
    Revenue growth, 2014 versus 2013: 92.3%
    Quick Ratio, 12/31/13: 1.03
    Quick Ratio, 12/31/14: 1.28
    Quick Ratio (Interim Financials), Q1, 2015: 2.03
    Profit (Interim Financials), Q1, 2015: $29,000 (note: Q1 is slowest Q)
    Owner is 100% owner, personal credit score just under 650

    In my hands I have the following documents:

    Sept - Feb, 2015 bank statements
    Debt schedule (2 cash advances and an advance repayment owed to Fundbox, around $90k)
    2012, 2013, 2014 financials
    Q1 2015 Interim Financials
    3 Years biz tax returns
    1 Year personal tax returns

    Again, while we appreciate all inquiries, please do not follow-up unless you in good faith believe that based on these metrics my client will qualify for financing from you. Thanks so much everyone.

    E-mail me directly at CapitalPartnerSolutions@gmail.com - this is not the name of my company but an e-mail created specifically for posting to public threads.

    THANK YOU!
    Lets get a "snap-shot" of the business and go from there. Merchant Source can help need to see in "black and white ". Call Rudy 2 646-757-3000 or email rjames@merchantsourceinc.com

  6. #6
    Quote Originally Posted by helpinghand View Post
    Hi everyone,

    I have a client that needs $100k BLOC for working capital, and would like the lender to consider re-financing existing MCA debt in the amount of $90k (decreasing by appx. $1,000/day). Say $200k to be safe.

    Please do not follow-up with this unless you believe that there is a very good chance he can get financing from you. To help facilitate that, here are a few key metrics about our client.

    Glass and mirror glazing company
    In business for 4+ years
    Took a loss in 2013, -$82,165
    Netted profit of $178,000 in 2014
    Revenue growth, 2014 versus 2013: 92.3%
    Quick Ratio, 12/31/13: 1.03
    Quick Ratio, 12/31/14: 1.28
    Quick Ratio (Interim Financials), Q1, 2015: 2.03
    Profit (Interim Financials), Q1, 2015: $29,000 (note: Q1 is slowest Q)
    Owner is 100% owner, personal credit score just under 650

    In my hands I have the following documents:

    Sept - Feb, 2015 bank statements
    Debt schedule (2 cash advances and an advance repayment owed to Fundbox, around $90k)
    2012, 2013, 2014 financials
    Q1 2015 Interim Financials
    3 Years biz tax returns
    1 Year personal tax returns

    Again, while we appreciate all inquiries, please do not follow-up unless you in good faith believe that based on these metrics my client will qualify for financing from you. Thanks so much everyone.

    E-mail me directly at CapitalPartnerSolutions@gmail.com - this is not the name of my company but an e-mail created specifically for posting to public threads.

    THANK YOU!
    Call me at 917-742-4585 we will get something done.

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