Large Consolidation for a Defense Contractor
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  1. #1
    Senior Member Reputation points: 752
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    Large Consolidation for a Defense Contractor

    I have a client who does regular business with Pearl (not through me) and has a Pearl loan stacked on another Pearl loan. He just got a third behind the two Pearl loans and has a balance of approximately $300K outstanding.

    FICO is 630. Has a large tax lien but is making payments on it and has been for a year. $4MM a year company with no real estate based collateral however despite paying nearly $35K a month in daily pays, hasn't missed a payment in 2.5 years. It's a staffing company for DoD

    Dan already took a look at it and declined it a year ago. It's going to Richard. Bond Street barfed due to the tax lien. Did I miss anyone, lol? If not term loans is there anyone that can chop his payments and extend his term without increasing his principal?

  2. #2
    Senior Member Reputation points: 338265
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    Large Consolidation for a Defense Contractor

    We love staffing companies. Kevin.Henry@Seacoastbf.com
    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
    Senior Member Reputation points: 54977
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    If you dont have a home Mantis/Cresthill will probably come out strong.
    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

  4. #4
    Senior Member Reputation points: 68233
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    Adeel,

    The AR will be the key, and whether or not there is Senior debt in front of the advances. If not- and the terms of the tax lien are not egregiously challenging, it seems do-able.


    Richard...

  5. #5
    Member Reputation points: 10
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    Jun 2017
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    1306 Carroll St New York
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    11

    A possibility on my end.give me a shot at this.

  6. #6

    Your Client's Debt

    aak723,Please give me a call so i can explain our Service as far as Debt Relief. The Borrower already missed a payment(s) so i could take his daily away and put him into a monthly payment and save him approximately 40-50% on what he would pay back . What is the best email i? can reach you on
    Last edited by Help; 07-12-2017 at 02:59 PM.

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