Results 1 to 9 of 9
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06-04-2014, 01:59 PM #1
- Join Date
- Jan 2014
- Posts
- 283
WHO CAN GET THIS DONE?? Need help
Manufacturing company, does business worldwide and with the government, in business over 20 years. He has a slow season from December-April. Now that his busy season is under way, he is getting bombarded by orders and needs $30-$50k total to purchase materials. He knows this is revenue based and is coming out of his slow season, so is willing to accept $10-$15k for now and more on a renewal, just to get started.
-He deposits $10,000 or less January-April, but June-November can do anywhere from $40,000-$150,000.
-The major problem is he is in a Chapter 11/Business Bankruptcy. This is by choice. He was going through an ugly divorce and had the choice of giving his wife half of all of his assets, including his company, where he would have been forced to work side with her every day. He chose to declare and is paying monthly. Has documentation, and can even make his lawyer available.
-Good guy, will be a loyal and consistent client to whoever funds him.
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06-04-2014, 03:20 PM #2
- Join Date
- Apr 2014
- Posts
- 73
I sent this link to Keith with Payroll Financing Solutions.. he may be willing to take a look at this for you.
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06-04-2014, 03:24 PM #3
Pearl Capital may do this
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06-05-2014, 12:33 AM #4
- Join Date
- Jan 2014
- Posts
- 283
Thank you RLD-have heard of them, but have not worked with them yet. All the usual suspects do have it-Pearl, Yellow, etc. If this was August it would be an easy $50-$75 approval. Appreciate it.
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06-05-2014, 07:41 AM #5
- Join Date
- Apr 2014
- Posts
- 73
WHO CAN GET THIS DONE?? Need help
Keith did tell me that he was in the middle of funding a couple deals.. if you want to reach out to him his website is fundmypayroll.com
Let him know Ryan sent ya.
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06-12-2014, 04:52 PM #6
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Sounds perfect for a factoring agreement.
The chapter 11 offers additional protection for the lender if approached properly.
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06-17-2014, 12:45 PM #7
Ch 11 is a restructuring of the company, We can definitely help him out with funding 10k-15k.
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06-17-2014, 03:08 PM #8
- Join Date
- May 2014
- Posts
- 53
whats his number
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06-24-2014, 08:41 PM #9
- Join Date
- May 2014
- Posts
- 4
I may be able to help, cj@merchantcatalyst.com