[Cambridge]

I still need a home for this deal. Client can renew with OnDeck right now, they're basically knocking on this guy's front door ready to give him a deal.

Here's where he's at:

125k ONDECK Loan - Purchase Amount of 172k - 1.37 Factor
18 Month Term - Daily Payment of $457/day

HE IS 58% PAID OFF - 159 Payments Left - $73,142.40 Outstanding balance

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COMPANY DETAILS:

-Children's indoor party center, bounce house rentals

-9 years in business

-EXP - 678
-TRANS - 671
-EQUI - 710

-Sept - 72k
-Oct - 91k - 3 neg day
-Nov - 85k
-Dec - 75k - 4 neg day
-Jan - 96k
-Feb - 78k - 1 neg day

-200k in commercial equity (1.2MM building)

-2014 Gross 894k (+39k Profit)

-2015 Gross 905k (-27k Loss)

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Can someone offer me anything better? Breakout or Quarterspot can't get there, big fan of both banks but they will only give me something comparable on a mere 18 month, this guy won't jump banks just to jump banks. OnDeck will incentivize him on the renewal of course. dpFund has a perfect structure that would be ideal for this client, but the company had that small loss last year, and they're just under 1MM annually.

I need some guidance here, can anyone get this deal done?


Thanks,


Eric Douglas Statzer
Statzer Consulting, Inc.
100 S Ashley Dr Suite 600
Tampa, FL 33602
305.746.1470
eric@statzerconsulting.com

https://www.linkedin.com/in/ericdouglasstatzer

[Zach]

BFS would beat this, or liftforward

[Chambo]

BETTER terms than 18 month 1.37? The merchant better go try HSBC or CHASE

[John Galt]

Iou does the same 1.33 15 mos, 1.37 18 mos with 8 % comm. on their vip plan with weekly pay. Just got an announcement.