IT Company with Average Daily Ledger over $150K Seeking $500K Advance
Need a Funder or Vendor? START HERE

Results 1 to 7 of 7
  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    IT Company with Average Daily Ledger over $150K Seeking $500K Advance

    They're not depositing tons every month, but they're maintaining over $150K/day in the bank.
    They need to pay off another advance of about $135K so you can be in 1st position.
    Who can do this type of deal?

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
    Join Date
    Sep 2014
    Location
    NYC
    Posts
    1,436

    How much do they deposit?

  3. #3
    Senior Member Reputation points: 338677
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,483

    Quote Originally Posted by Fundyman View Post
    They're not depositing tons every month, but they're maintaining over $150K/day in the bank.
    They need to pay off another advance of about $135K so you can be in 1st position.
    Who can do this type of deal?
    Fundyman,

    We love IT service and IT staffing Companies. Happy to take a look if they would consider factoring or an asset based line of credit. 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

  4. #4
    Quote Originally Posted by Fundyman View Post
    They're not depositing tons every month, but they're maintaining over $150K/day in the bank.
    They need to pay off another advance of about $135K so you can be in 1st position.
    Who can do this type of deal?
    Very well verse with IT companies are there credit cards and whats the credit score feel free to reach out.Sincerely,
    Randy Ponce
    (917) 684-8703
    randyponce@bankallies.com

  5. #5
    Senior Member Reputation points: 5016 @jeannette's Avatar
    Join Date
    Dec 2012
    Location
    Buford, GA
    Posts
    280

    We can look at this as a Accounts Receivable Finance deal, we love Service and IT. Feel free to call me to discuss 770-362-2307.
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

  6. #6
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Not sure anyone can go that high based on the numbers you posted.

    However if your having trouble getting an offer come back around since we understand how to fund IT/Service based firms.
    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

  7. #7
    Member Reputation points: 529 allison's Avatar
    Join Date
    Sep 2017
    Location
    Philadelphia, PA
    Posts
    29

    Quote Originally Posted by Fundyman View Post
    They're not depositing tons every month, but they're maintaining over $150K/day in the bank.
    They need to pay off another advance of about $135K so you can be in 1st position.
    Who can do this type of deal?
    Hey - Power Funding has funded IT companies in the past. Balance sound strong, we do lend up to $500K - I'd love to see the banks and see what we can do. Shoot me an email allisono@powefunding.com
    Thank you,

    Allison OBrien
    Director of ISO Relations

    Office: 215 - 613 - 2966
    Toll Free: 855 - 809 - 5371
    Mobile: 215 - 678 - 6650
    Fax: 347 - 745 - 3393
    Email: allisono@powerfunding.com

    Find us online at http://powerfunding.com/


Similar Threads

  1. Low Average Daily Balance; Home Care; CA
    By Will Sanio in forum Deal Bin
    Replies: 1
    Last Post: 09-08-2017, 12:01 PM
  2. Replies: 1
    Last Post: 05-11-2017, 04:26 PM
  3. Trucking deal home credit score 660/ monthly average 150k
    By ChristianCapitalGainz in forum Deal Bin
    Replies: 30
    Last Post: 11-10-2015, 09:45 AM
  4. Replies: 6
    Last Post: 06-21-2015, 04:50 PM
  5. 500k average monthly gross, needs to consolidate.
    By Miller192 in forum Deal Bin
    Replies: 3
    Last Post: 01-13-2015, 11:16 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle
Fintech Nexus is shutting down


DIRECTORY