Results 1 to 8 of 8
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06-28-2017, 11:11 AM #1
- Join Date
- Apr 2017
- Posts
- 190
Do anybody do term Loan or MCA for a Seasonal Business?
We will provide the detail by PM. Thanks
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06-28-2017, 11:38 AM #2
- Join Date
- Oct 2015
- Posts
- 39
Business Backer works with seasonal businesses, structuring a schedule of payments that fluctuates based on their revenues. We do require 12 months (preferably upfront) for these files though. Shooting you a PM.
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06-28-2017, 12:14 PM #3
- Join Date
- Jun 2017
- Location
- 1306 Carroll St New York
- Posts
- 11
I can do both , but as long as the infos match up , PM me and i can give you a calculation on what you can qualify for, I always give options as well as references.. or email me
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06-28-2017, 03:17 PM #4
- Join Date
- Jun 2014
- Posts
- 541
Is their busy season last for at least 3 months or longer? If so, you should be able to get this funded. Tax Prep, Lawn Care and all sorts of seasonal businesses have historically tapped the MCA market for financing. What's unique about this particular seasonal business that makes it a tough file to get funded?
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06-28-2017, 07:09 PM #5
- Join Date
- Jun 2016
- Posts
- 416
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06-29-2017, 10:30 AM #6
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
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06-30-2017, 09:32 AM #7
- Join Date
- Jun 2017
- Posts
- 119
There are a lot of MCA firms that love seasonal businesses, but there are more factors that they look at in determining if it will be a fit for their balance sheet. If you want to discuss the file a little further, I could provide you with a handful of lenders that would be willing to take a look at getting this one to the finish line. Feel free to give me a call (860-436-5920) or email me at mike@wbl.com to discuss further.
Regards,
Mike Bernier
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06-30-2017, 12:39 PM #8
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
The absolute right answer/first choice for most seasonal businesses is TBB -- they have a product perfect for that. If that doesnt work, we too have a product structured for seasonal businesses, but I candidly will admit that our product for seasonal businesses (currently at least!) is not as good as TBBs.
Carl Fairbank
Founder & CEO boldMODE
www.boldmode.com
Carl@boldmode.com
Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
www.breakoutfinance.com
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