Activity Stream
All times are GMT -4. The time now is 11:28 AM.
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Older Activity
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Today, 11:20 AMI have done this in the past. The old owner needs to qualify for the mca and add the buyer to the business and will be on the contract with the old owner. The old owner needs to stay on the business until we are paid back fully then he can come off the business. If that could work here feel free to reach out to me. Scott Platto scott@tmrnow.com tmrnow.com 212-220-9872 -
Today, 11:19 AMThe way Steve depicted is the best way to do it. However, using an mca product, what I have seen in the past is have the current owner stay on, and with each round of funding, they give a percentage of ownership to the new owner and/or have some other sort of document (such as a buy-out agreement) depicting how much is left. The problem is that the mca wont get this done in one shot. Typically the sale price is much more than a few rounds of funding so it takes a long time for the current owner to walk away fully paid.
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Today, 11:00 AMI know who you're talking about I have info and know where they are.
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Today, 10:36 AMI did something like this years ago. The previous owner had to cosign on the MCA, the purchase agreement had to be signed Because the business had been opened for many years, was able to facilitate
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Today, 09:42 AMLast thing they need is more MCA debt if they have cash flow issues. Need to fix their financials. And why the short timelines? Reach out as this doesn't make sense.
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Today, 09:39 AMArena Funding Source is open all week! info@arenafundingsource.com (786) 815-6763
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Today, 09:32 AMFlagler is open all week! Flagler Advance, LLC Info@flagleradvance.com Phone: 844-565-8027
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Today, 08:18 AMYou can do business purchase financing through the SBA 7A at 90%. Can also do a seller carryback to get to 95%. This is not a MCA type of deal. Have to look at it and figure out a structure....maybe some kind of seller fuill or partial financing can be involved. Reach out.
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Today, 01:42 AMAgreed (to both of you). There's a drag on cash flow from other debt and client's timeline is short. For Bolt I think they're up to a 700 minimum now, you are correct. Other UCCs are from a long standing bank loan and a small scored term loan with good terms. I would prefer to find something more affordable or at least with more reasonable repayment terms.
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Today, 01:24 AMI have a file for a medical office and a current employee wants to buy-out the owner of the LLC. The LLC has consistent $80k-$100k monthly deposits on its bank statements. The owner and the employee have come to an agreed upon purchase price, but I am unfamiliar with options to structure a buy-out agreement such as this, especially when the buyer is not a current member of the LLC. I know some lenders/funders avoid underwriting funding for buy-outs. Issues I’m trying to work through on this file: 1. Can this type of transaction be funded with an MCA? If not, what other funding options may be more appropriate? 2. If an MCA possible, does the buy-out agreement need to be structured as to have the transfer of ownership and the funding coincide simultaneously? 3. Or should the current owner complete the funding application and once approved for MCA, the business can be transferred to the buyer, assuming the funding agreement allows for full assignability to the buyer? Maybe also include an indemnification clause? Any advice on how to would be greatly appreciated. Have a blessed day.4 replies | 115 view(s)
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Yesterday, 10:17 PMI second Dave's comment. What are the UCC's on - with no MCA history. What is the issue?....can't recommend a loan product out further information. I think Bolt would need a higher Fico.
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Yesterday, 10:08 PMIMO, Why would any sane business owner agree to paying back 54 cents on the $$ for funds? A quick answer if the financials can be cleaned up would be to look at a Bolt Express
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Yesterday, 07:27 PMI havent received a message from Bryan yet.
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Yesterday, 05:42 PMinfusion is open uw@infusioncapital.org
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Yesterday, 05:37 PMThe LCF Group is open and funding all week!! Please reach out directly if you have any questions. We look forward to helping!! Jason Redding Director of Sales The LCF Group 631-824-1617 888-499-2939 ext. 127 jredding@thelcfgroup.com
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Yesterday, 04:54 PMHave an approval in hand for a client, but would like to find them something better if possible. 1.54 sell at 1.5 year term w/weekly pay for a little over $100k. Client profile, very well established tech consulting biz making a little south of a million annually, showing a small loss, just south of 700 on credit, 2 existing UCCs, no MCA history. Tried some other options but got shot down on liquidity per statements. Clients timeline is also short. Better deal would ideally be a longer term at less cost, but open to any possible mix of improvement - cheaper cost, longer term/easier on cash flow, etc.4 replies | 136 view(s)
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Yesterday, 04:21 PMIm sure Whats App is nice and loaded with a bunch of full pack sellers :D
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Yesterday, 04:14 PMHi Cris- I added you to my Whats App group chat as I think it will add value. I have a solid group of over 700 Fundes & Brokers. You can post your offers.
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Yesterday, 03:43 PMLoyola started a thread No 50 Percent Overage --Just MCA Leads Since 2016-Accurate Compliant Targeted in PromotionsI am not offering free leads --overage or any other type of bait and switch lead programs. I have accurate -compliant-interested MCA Lead products I have been in MCA since 2012--leads since 2016 24 hr -7 day blended inquiries 24 hr-30 day blended 60-90 day verified emails or MCA cell phone data CJ Flaherty cj@loyolamediagroup.com 781-690-5077 https://www.linkedin.com/in/cjflaherty/ MCA Newsletter https://loyolamediagroup.com/contact/ https://www.linkedin.com/in/cjflaherty/ Tik Tok cjf_lmg0 replies | 72 view(s)
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Yesterday, 03:10 PMAlways figured spanish speakers was a nice niche, too bad I do not speak it. Lol
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Yesterday, 02:19 PMI can say that Bryan has been actively building a pipeline of Spanish leads for at least 2 years now, so in my book - he's got time working these types of files... i'd give him a shot if you were looking for that specifically. Landfall has been around forever and they know their business. I've purchased spanish leads from them in the past, and they were really good. Just my experience with both... mind you, I haven't purchased leads list in a couple years.
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Yesterday, 02:18 PMOlderguy replied to a thread Real Estate Financing - NO APPRAISAL - NO CREDIT CHECK - STATED INCOME in All Other LendingIt's a patience and tolerance lesson.
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Yesterday, 02:16 PMWe are open
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Yesterday, 02:06 PMWe generate Spanish leads at Popbrands We even show you were the leads come from exactly such as this website that we own, control and run ads to, so the data is quality. https://www.prestamoscomercialahora.com/ Bryan will reach out to you if he hasn't already ;)
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Yesterday, 02:02 PMYES!!! I can filter any of my MCA leads for Spanish speakers Maria- Landfall Media (954) 817-4511
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Yesterday, 01:39 PMSend to diana@ontapcap.com, we'll take a look at it.
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Yesterday, 01:31 PMOnTap Capital is open every day! A-B paper, 1-5th position, up to 500K per paper. Diana Golovko, ISO rep OnTap Capital Toronto, Canada 905-738-6661 diana@ontapcap.com ontapcap.com
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Yesterday, 01:29 PMCreate Spanish Language Landing Pages
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Yesterday, 01:17 PMim open and funding... mainly do b & c paper email me or call me to connect... on 1st position deals, our renewals work like a line of credit
