Results 1 to 19 of 19
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07-27-2017, 02:28 AM #1
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
Auto parts 600k monthly need first position
nmm
Last edited by ABC2016; 08-02-2017 at 10:36 PM.
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07-27-2017, 09:16 AM #2
- Join Date
- Feb 2017
- Posts
- 3,473
What do the tax returns show as net profit?
What if you could take him to many banks and get him several lines of credit?
I sent you a PM with another trick that I'd prefer not sharing in public.
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07-27-2017, 09:42 AM #3
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
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07-27-2017, 09:55 AM #4
- Join Date
- Oct 2016
- Posts
- 4,318
Not gross, net.
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07-27-2017, 10:00 AM #5
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
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07-27-2017, 10:08 AM #6
- Join Date
- Jul 2017
- Posts
- 20
Hey,
My name is Alex From Advantage Capital Funding. We are a Direct Lender located in NYC. We Fund up to 1m.
Yes we can fund a person in a day.
Thank you
Please reach out to me:
Alex Yosefi
Alex@advantagecapitalfunding.com
C.718-6745599
O.3478994676
Business Development Director
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07-27-2017, 10:50 AM #7
- Join Date
- Oct 2016
- Posts
- 4,318
It would be listed next to "ordinary business income (or loss)".
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07-27-2017, 11:56 AM #8
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
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07-27-2017, 12:01 PM #9
- Join Date
- Feb 2017
- Posts
- 3,473
1040C is line 31
You should also ask for the officer compensations.
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07-27-2017, 12:30 PM #10
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
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07-27-2017, 01:12 PM #11
- Join Date
- Feb 2017
- Posts
- 3,473
Try one of these:
Line 31 on the 1040 Schedule C
Line 22 on 1065
Line 30 on 1120
Line 21 on 1120S
There is still stuff like interest and depreciation and officer compensation you'd need to know, also.
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07-27-2017, 01:46 PM #12
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
How much does he owe to high frequency pay lenders? (Daily/weekly).
How much does he want to net?
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07-27-2017, 02:17 PM #13
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
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07-27-2017, 02:43 PM #14
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
How much does he owe to each lender?
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07-27-2017, 03:18 PM #15
- Join Date
- Jun 2017
- Posts
- 119
I am sure that you have heard this before, but if the client has real estate to pledge as collateral, this would be very easy for us. We handle deals like this all the time. If you would like to discuss further, please reach out to me.
Mike Bernier
Branch Manager
World Business Lenders
2600 Berlin Tpke, 2nd Floor
Newington, CT 06111
Direct: (860) 436.5920
Main: (888) 441.9500 ext. 5333
Fax: (860) 956.6073
Mike@wbl.com
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07-27-2017, 03:38 PM #16
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
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07-27-2017, 03:39 PM #17
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
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07-27-2017, 03:48 PM #18
- Join Date
- Feb 2017
- Posts
- 3,473
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07-28-2017, 07:00 AM #19
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
ABC2016,
While earnings on the Corporate Tax return is helpful, the real solution will be found on the balance Sheet. Is there Senior Debt to a bank in addition to positions? - Huge part of the equation.
Is there Machinery and Equipment that is unencumbered? Inventory? Receivables?
Largest consolidation we have arranged was for 14 positions and over $3M. Your client may or not be eligible for something similar- the devil is in the details.
Feel free to touch base...
RG
rg@businesscapitalconsultants.com
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