Need a Funder or Vendor? START HERE

Results 1 to 14 of 14
  1. #1
    Senior Member Reputation points: 5777
    Join Date
    Mar 2016
    Posts
    335

    5th position 3MM per month

    390k in balances in front between 1-4
    Construction company
    Florida
    no real estate

    a lot of funders say they buy out positions, consolidate, and do 5th positions. But who ACTUALLY does?

  2. #2
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    No MCA funder would consolidate or buyout any of these positions, no matter what they claim. You could get them a 5th position if they can service it. If they have advances with both Yellowstone and Mantis, the options become few.

  3. #3
    Member Reputation points: 31
    Join Date
    Apr 2017
    Location
    Orange County, CA
    Posts
    90

    Central Diligence maybe partners@centraldiligencegroup.com

  4. #4
    Senior Member Reputation points: 54975
    Join Date
    Dec 2013
    Posts
    4,713

    if we are not in the deal already...
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  5. #5
    Member Reputation points: 10
    Join Date
    Feb 2016
    Location
    Miami fl
    Posts
    33

    Southend capital will consolidate all of them they have to be first and provide plenty of capital on top loi in 48hrs close in 10 days

    Ariel Perez
    http://www.amgfinances.com
    Phone :786-565-2304
    Fax: 855-291-0907

  6. #6
    Senior Member Reputation points: 5110 LJH365's Avatar
    Join Date
    May 2014
    Location
    NY, NY
    Posts
    165

    How about Dan Page (dpfund) on this board? If they are profitable he can help consolidate them.
    Sean Hawley
    CEO
    Bright Light Funding
    Bright Light Freight
    shawley@brightlightfunding.com.com
    631-827-3847
    Term Loans, LOC, MCA (focus on Transportation & Trucking)

  7. #7
    Senior Member Reputation points: 107104
    Join Date
    Aug 2016
    Posts
    834

    Those are the merchants that can get the 12 positions loans.

  8. #8
    Veteran Reputation points: 134971 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,174

    Quote Originally Posted by TedFundy View Post
    390k in balances in front between 1-4
    Construction company
    Florida
    no real estate

    a lot of funders say they buy out positions, consolidate, and do 5th positions. But who ACTUALLY does?
    who wants to buy out 4 positions for $400K? The merchant has already shown a proclivity for stacking. The MINUTE they need a couple sheckles, they will be off stacking again

    and someone is going to risk $500-750K on that?

  9. #9
    Senior Member Reputation points: 5777
    Join Date
    Mar 2016
    Posts
    335

    Quote Originally Posted by Chambo View Post
    who wants to buy out 4 positions for $400K? The merchant has already shown a proclivity for stacking. The MINUTE they need a couple sheckles, they will be off stacking again

    and someone is going to risk $500-750K on that?
    You're the guy that walks into a sauna at the gym and goes- "wooah its hot in here"

  10. #10
    Senior Member Reputation points: 9546
    Join Date
    Jun 2016
    Posts
    416

    Quote Originally Posted by TedFundy View Post
    390k in balances in front between 1-4
    Construction company
    Florida
    no real estate

    a lot of funders say they buy out positions, consolidate, and do 5th positions. But who ACTUALLY does?
    We could do a weekly consolidation program here.

  11. #11
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,051

    Quote Originally Posted by AdvanceFund View Post
    We could do a weekly consolidation program here.
    If you consolidate would you allow non cash advance funding after? From a Kabbage, Headway, Bluevine, LoanMe etc?

  12. #12
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Ted,

    We have successfully consolidated as many as 14 positions. There is no 'program' that is specific to consolidating a construction company- or any other company. In this scenario, the assets, WIP, and DSCR will likely be what saves the company.

    South End will try to package this as a 7a if there is no Real Estate.. My guess is that it would be a quicker play with a Hedge Fund (which will still take about 30 days instead of 90). The long term exit strategy will be a note with a long term
    amortization, but if a business is bleeding cash while they are trying to grow- 90 days can feel like a lifetime.

  13. #13
    Senior Member Reputation points: 27404
    Join Date
    Dec 2015
    Location
    Texas
    Posts
    552

    southend capital is a broker

    Southend used newtech for their Sba deals
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

  14. #14
    Senior Member Reputation points: 9546
    Join Date
    Jun 2016
    Posts
    416

    Quote Originally Posted by ryan $ View Post
    If you consolidate would you allow non cash advance funding after? From a Kabbage, Headway, Bluevine, LoanMe etc?
    Sorry just noticed this. Yes they can put those deals after us just not mca deal.

Similar Threads

  1. 2nd position 12 month+ terms???? any recommendations
    By zcgdirect in forum Merchant Cash Advance
    Replies: 2
    Last Post: 06-09-2017, 02:01 PM
  2. Lenders who take a 2nd position at 12 month + term
    By Loan Advisement in forum Merchant Cash Advance
    Replies: 3
    Last Post: 10-03-2016, 03:51 PM
  3. Seeking 1st position 12 month +
    By BTI in forum Deal Bin
    Replies: 18
    Last Post: 03-23-2016, 10:04 AM
  4. 2nd position,150k 12 month
    By nateteabs in forum Deal Bin
    Replies: 16
    Last Post: 01-06-2016, 04:10 PM
  5. 12 month 3rd position
    By stefmarr in forum Deal Bin
    Replies: 9
    Last Post: 12-10-2015, 11:12 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY