$1.25MM Advance
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  1. #1

    $1.25MM Advance

    Client needs for 3 months before large equity raise. Revenues support advance comfortable with 1.15 for 3 months. No current positions.

  2. #2
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    Quote Originally Posted by TOPISO View Post
    Client needs for 3 months before large equity raise. Revenues support advance comfortable with 1.15 for 3 months. No current positions.
    -What does the Company do?
    -Is the equity coming in from institutions? Will the owners still have control?
    -Why an advance over other instruments for a company of this size?
    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
    Rental Equip for Rigs in Gulf.

    Looking for an advance because only was offered $800k on the 3 pieces of equip: FLV $2mm as collateral.

  4. #4
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    Quote Originally Posted by TOPISO View Post
    Rental Equip for Rigs in Gulf.

    Looking for an advance because only was offered $800k on the 3 pieces of equip: FLV $2mm as collateral.
    Thanks-Not for us as we cannot do a pure equipment deal without leading with receivables.
    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

  5. #5
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    TOPISO;

    On something like this it has to make sense. There are Hedge Funds and Family Desks that will do what the client is requesting but they will need to know: Use of Funds, existing debt structure, Guarantors FICO, Entity profitability, exit strategy etc..

    RG 516 510 3855

  6. #6
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    All else fails try Cresthill Capital...
    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

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