Auto, Truck, and Trailer sales Merchant needs a home
Have a Merchant in California they do Auto, Truck, and Trailer sales. Been in business for over 20 years and there are 2 owners. One of the owners credit is good and the other had a personal bankruptcy a little under 2 years ago which was discharged. Business is doing about 120,000-150,000 per month in sales. Daily balances are very strong and no NSF's or negative days. They have a 1st position now which they owe about $38,000. They are looking to consolidate the first position and take additional 40,000 for a total of 80,000 advance. They had an offer on the table for 100k for 6 months which they turned down because they are looking for something longer for 12 months....I may be able to push them to do 9 months if 12 isnt possible. Anyone out there that would be able to do such a deal?
Auto, Truck, and Trailer sales Merchant needs a home
With the numbers you say he is doing it seems feasible to consolidate the deal in place and net him the amount requested. 12 months may be tough to get but I do believe I can extend the term to around at least 9. I would love the opportunity to work on the file. Please contact me to discuss further.
Daniel@SamsonPartnersLLC.com
Office: 347-682-5727