Staffing Company Needs Consolidation
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  1. #1

    Staffing Company Needs Consolidation

    Revenue 90-100k/M
    · Capital Advance - $7,774.00- 299/d
    · Fivetower - $7,772.79- 409/d
    · Kash Capital - $27,213.00- 500/d
    Will take full or partial consolidation, wants to net 30-40k
    3 neg days a month

  2. #2
    Senior Member Reputation points: 338677
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    Staffing Company Needs Consolidation

    How much AR is outstanding! I love staffing companies.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
    please check your inbox.

  4. #4
    Senior Member Reputation points: 503040
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    Quote Originally Posted by jmorales1718 View Post
    please check your inbox.
    You claim you're a direct funder when PMing. Could you tell us all what what funding company you're with, as well as what name you pull under?

    Because, quite honestly, I do not believe for one second you're a funder but, instead, a broker desperate for deals passing yourself off as a funder.

    So let us know what the truth is. No need to PM me. Let all of us know.

  5. #5
    Quote Originally Posted by westcoastfunding View Post
    you claim you're a direct funder when pming. Could you tell us all what what funding company you're with, as well as what name you pull under?

    Because, quite honestly, i do not believe for one second you're a funder but, instead, a broker desperate for deals passing yourself off as a funder.

    So let us know what the truth is. No need to pm me. Let all of us know.
    ..............boom! Mic drop........

  6. #6
    Senior Member Reputation points: 18402
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    Morales stop with the nonsense..no consolidation possible..he's a stacker

  7. #7
    Senior Member Reputation points: 68233
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    As Kevin will attest the issue with Staffing Companies that stack, is that they invariably end up not paying 941 and 944 taxes. Guessing that they have approximately 150k in AR, and also guessing that the AR is already leveraged.

    If it isn't there are several folks on this blog that can help- with Kevin's organization at the top of the list.

    If the AR is leveraged and the firm has net earnings to achieve 1.2 DSCR there are several ways to get the client into a long term note- as long as the guarantor(s) credit is above threshold, and there aren't any payroll tax issues. Depending on the specifics, we work with a few Family offices that invest in these types of files as long as they can requisitely collateralize the debt.

    Feel free to touch base if we can assist

  8. #8
    Senior Member Reputation points: 9546
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    Quote Originally Posted by The_Closer View Post
    Revenue 90-100k/M
    · Capital Advance - $7,774.00- 299/d
    · Fivetower - $7,772.79- 409/d
    · Kash Capital - $27,213.00- 500/d
    Will take full or partial consolidation, wants to net 30-40k
    3 neg days a month
    I can do a 30k add-on or do a weekly consolidation to help merchant net 20-25% of weekly payments. Not a restructure.

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