Results 1 to 8 of 8
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05-23-2017, 02:34 PM #1
- Join Date
- Aug 2016
- Posts
- 4
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
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05-23-2017, 02:36 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
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
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05-23-2017, 02:46 PM #3
- Join Date
- May 2017
- Posts
- 8
please check your inbox.
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05-23-2017, 05:11 PM #4
- Join Date
- Oct 2016
- Posts
- 4,318
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.
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05-23-2017, 09:01 PM #5
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05-23-2017, 09:41 PM #6
- Join Date
- Apr 2014
- Posts
- 781
Morales stop with the nonsense..no consolidation possible..he's a stacker
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05-24-2017, 07:45 AM #7
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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
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05-24-2017, 11:44 AM #8
- Join Date
- Jun 2016
- Posts
- 416
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