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08-03-2017, 10:49 AM #1
- Join Date
- Jul 2017
- Location
- Montana
- Posts
- 20
Looking for 300k
A Paper excellent credit
Restaurant / Pizzeria open since 1967
About 280K monthly deposits
Tax returns 1.5 million .... have returns for 2015 & 2016
Looking for 300k
Needs to be roughly around 8 %
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08-03-2017, 11:33 AM #2
- Join Date
- Feb 2017
- Posts
- 3,433
Go with an SBA if the credit is 650+.
If you want to make extra money on top, get him Business Lines of Credit. Be in touch with me, I'll tell you how.
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08-03-2017, 12:00 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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08-03-2017, 12:22 PM #4
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 501
Would they consider a staggered CC Split MCA? Maybe they don't need $300k all at once. I recently funded a restaurant where they took $20k initial and then another $150k after 30 days. We can get aggressive on factor for well qualified merchants.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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08-03-2017, 02:48 PM #5
- Join Date
- Jul 2017
- Location
- FL
- Posts
- 35
We offer SBA loans, ranging from $300K to $5,000,000.
Client needs 680 credit and 3yrs tax returns.
Restaurants and Franchises are good candidates for our SBA.
AmeriFactors Financial Group is a DIRECT LENDER and has funded over $5BILLION since 1990.
We offer:
• NON-Recourse A/R Factoring
• PO Funding
• Asset Based Lending (ABL)
• SBA Loans
Send me a pm or give me a call or email.
Rob Brownell
Amerifactors Financial Group
215 Celebration Place, Suite 340, Celebration, FL 34747
p: 772-419-8606
e: rbrownell@amerifactors.com
w: www.amerifactors.com
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08-03-2017, 05:33 PM #6
- Join Date
- Jan 2014
- Posts
- 1,375
give him term loan. 3-5 years rates 6-12% monthly payments discounted interest, pays more then sba closes in about week if the file is clean
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08-03-2017, 06:10 PM #7
- Join Date
- Dec 2013
- Posts
- 4,713
If no one wants to work with his TAX issues ...we would be happy to make a quick offer.
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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08-03-2017, 06:29 PM #8
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08-09-2017, 10:19 AM #9
- Join Date
- Oct 2016
- Posts
- 4,318
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08-08-2017, 11:15 PM #10
- Join Date
- May 2016
- Posts
- 42
SBA or even Fundation seems like the best avenue for this merchant. What is their timeline for funding? We provide a lot of merchants with bridge financing while they are working on their SBA loan. Though I can't get to an 8% rate, we do provide loans up to 24 months with daily, weekly and monthly repayment options. For customers using this as a bridge product, we have very aggressive early repayments structures where the merchant save upwards of 60% on the total cost of the loan. Feel free to reach out to me directly to discuss this deal as well as our product details.
FYI...Something does seem a little off on the numbers above. A highly profitable pizza shop should have margins of about 25% (net) and more typically trend to 10-15% margins, especially if they are chain. Above you stated taxable income of $1.5MM on about $3.3MM of revenue which is about a 45% margin which is more in line with gross profit margins of a pizza store. Was the $1.5MM the combined net over 2 years?
Steven Safirstein
Vice President of Sales & Head of ISO Relations
Breakout Capital Finance, LLC
6862 Elm Street, Suite 300, McLean, VA 22101
O: 703 852 6013 I steven@breakoutfinance.com
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08-09-2017, 10:48 AM #11Karen37aGuest
Some in the Mca industry Love pizza places...especially in business over 10 years
Sbas take awhile or seek out 15-24 months, or term loan not at 8%
Part of our job is to talk people into reality or fairness on all sides.
It's like telling someone who works at Burger King they can't get a 2 million dollar mansion, on minimum wage, no matter what their credit score is.. the numbers do not fit ( exaggerated for effect )
( watch out for the sale on the pizza place he could be going into retirement ) ..
What does he want the money for? # 1 questionLast edited by Karen37a; 08-09-2017 at 11:14 AM.
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