13 million a year bad credit
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  1. #1

    13 million a year bad credit

    I have a merchant that does 13 million a year. One Owner has a terrible credit history. The other owner has a perfect credit history. I need 500k or more any ideas who will take a very extrodinary file?

    LENDERS ONLY NO BROKERS!
    Last edited by Triumph Capital; 10-18-2017 at 10:43 AM.

  2. #2
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by Triumph Capital View Post
    I have a merchant that does 13 million a year. One Owner has a terrible credit history. The other owner has a perfect credit history. I need 500k or more any ideas who will take a very extrodinary file?
    what is the breakdown of ownership is it 50/50?
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  3. #3
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    A company that size should have enough in A/R to factor and/or other leverage-able assets. How does the balance sheet look?

  4. #4
    yes 50/50 ownership.

  5. #5
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    Quote Originally Posted by Triumph Capital View Post
    I have a merchant that does 13 million a year. One Owner has a terrible credit history. The other owner has a perfect credit history. I need 500k or more any ideas who will take a very extrodinary file?

    LENDERS ONLY NO BROKERS!
    feel free to email me at irving@ufsfunding.com
    Irving Winograd
    Unique Funding Solutions
    646-460-3139

  6. #6
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    Kevin.Henry@seacoastbf.com. We are a factor and abl lenders. I am at NACLB so I might be a little slow to respond.
    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

  7. #7
    Senior Member Reputation points: 5016 @jeannette's Avatar
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    I can also look at it for Factoring, direct lender. jnearing@transfaccapital.com 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

  8. #8
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    If they have equipment try collateral only loans @ 800-226-0059, sale-leaseback on any age so long as value can be established. payments on 500K would be somewhere around 13K fixed monthly @ 48 months

  9. #9
    If they have any domestic or international accounts receivable, we can provide Invoice Factoring & PO Finance on a non-recourse basis despite his personal credit.

    Good luck!

    EJ Ortiz
    Summar Financial, LLC
    (786) 566-3002
    ejortiz@summar.com
    www.summar.com

  10. #10
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    what is the nature of their business?? TIB

  11. #11
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    13 million a year bad credit

    I'm very familiar with this deal, and I think Kevin Henry would be the right person for it...
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

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