Results 1 to 9 of 9
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09-13-2017, 02:31 PM #1
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- Oct 2012
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$300K consolidation deal ? anyone do it for real ?
funder A ) 23K BALANCE (
funder B ) 67K BALANCE (
fnder C ) 42K BALANCE
GROSS MONHTLY REV 300K
FICO 650+
BUSINESS ESTABLISHED 9 YEARS AGO
SHE OWNS IT FOR 2 YEARS
WANTS 150K - 200K
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09-13-2017, 04:29 PM #2
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- Sep 2017
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- 19
whats the real estate worth and what state is it in
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09-14-2017, 12:12 PM #3
Reputation points: 14335
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- Aug 2017
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- New York City
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- 199
sent you a pm
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09-15-2017, 11:55 AM #4
Reputation points: 442
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- Aug 2017
- Posts
- 58
Prosperum funding can do give Sergio A call
| Mobile| (646) 766-9936
| Fax | (888) 894-3518 or (212) 706-0117
| Email | Sergio@ProsperumFunding.Com
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09-17-2017, 08:13 PM #5
Reputation points: 349
- Join Date
- Jan 2015
- Posts
- 70
I’m for real - if your customer is willing to pledge $400k to $600k of free & clear business equipment, I could show you a well-established way to get your customer $200k – they can also pledge equity in real estate as collateral
PS. we’re looking for remote agents to train
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09-18-2017, 08:20 AM #6
Reputation points: 179851
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- Jun 2017
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- 2,049
Reverse Consolidation all Day - No One is Paying off Those Balances.
Well 90% No Ones Paying off - Not Via MCA.
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09-18-2017, 10:05 PM #7
Reputation points: 1158
- Join Date
- Apr 2015
- Location
- Morristown, NJ
- Posts
- 100
I can get you a reverse consolidation on this file but no one is doing a straight consolidation on balances like that anymore
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Rich McKellar
www.linkedin.com/in/richardmckellar
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09-19-2017, 09:43 AM #8
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
We have been quite successful in consolidating as many as 14 advances- as long as the Balance Sheet and the personal assets of the guarantor(s) speak to writing the paper. Firms that have stacked due to growth (that are trending higher year over year) are much more likely to be helped than the reverse.
Writing an advance to consolidate several advances is just piling on debt. There have been many on this Blog over the years that had 'solutions' to this challenge- that no longer have access to capital due to defaults.
These files take time because of the amount of due diligence involved. Invariably the client is suffocating on his own debt- and wants capital today. A realistic timeframe needs to be established.
Largest commission we paid out last year on a consolidation was approximately $80k (3.5M facility). They don't happen often- but it does occur.. Feel free to touch base if you have something we can help with.
RG
rg@businesscapitalconsultants.com
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09-19-2017, 12:51 PM #9
Reputation points: 503040
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- Oct 2016
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- 4,318
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