4 Position Consolidation 104k Balance
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  1. #1

    4 Position Consolidation 104k Balance

    Looking for a direct lender willing to consolidate the following positions

    New Logic - $299.97 daily - Balance $23,847.99
    Expansion Capital - $494 daily - Balance $29,546
    Yellowstone - $560 daily - Balance $26,010
    Argus Financial - $338 daily - Balance $25,282

    As of 2/21/17 Total Balance is $104,685.99

    Total amount of daily payments $1691.97

    Give me a call 646-768-9716

    Nash

  2. #2
    Senior Member Reputation points: 12878
    Join Date
    Jan 2016
    Posts
    435

    The company has to be a decent size to have that many positions out. How does the balance sheet look? Any thing that could be leveraged? Also, how do the banks look, are their a lot of overdraft/NSF's?

  3. #3
    TIB - 7 years
    FICO 680
    Statements - 100 - 150K/mo.
    Two NSF over the course of 6 months.

  4. #4
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Nash,

    I will reach out to you later this AM..

    Richard 516 510 3855

  5. #5
    Senior Member Reputation points: 7360
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    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Nash -

    If the client has at least $13k/mo. of net income and the balance sheet is strong, we could potentially consolidate all four positions. His monthly payment would drop from the current $35,531 to about $8,100.

    Reach out if you would like to discuss.

    Best,

    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com

  6. #6
    Senior Member Reputation points: 9546
    Join Date
    Jun 2016
    Posts
    416

    Quote Originally Posted by nass15 View Post
    Looking for a direct lender willing to consolidate the following positions

    New Logic - $299.97 daily - Balance $23,847.99
    Expansion Capital - $494 daily - Balance $29,546
    Yellowstone - $560 daily - Balance $26,010
    Argus Financial - $338 daily - Balance $25,282

    As of 2/21/17 Total Balance is $104,685.99

    Total amount of daily payments $1691.97

    Give me a call 646-768-9716

    Nash
    I can potentially do an incremental consolidation to save the merchant 20+% on a weekly basis. Daily balances have to be very strong though.

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