Auto Repair Consolidation in CA
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  1. #1

    Auto Repair Consolidation in CA

    Have an auto repair merchant that has 5 open positions and is trying to consolidate and net additional capital.

    Business does $45k-$50k in monthly revenue, bank statements look fairly clean (No NSF's, $10k+ ending balances).

    Merchant owes approximately $25k on the existing MCA's and is paying a total of $1,200 daily.

    Has a current offer for $35k @1.49 over 4 months with about 6 percent in additional fees. This offer will pay off his existing and then net additional capital.

    Looking to see if anyone can compete and offer something better.

    Please PM me is so.

    Thank you.

  2. #2
    Senior Member Reputation points: 227883
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    Did you try to get a reverse from Arcarius? rich.diaz@arcariusfunding.com
    Double-check if you need a CA lenders' license.

  3. #3
    Senior Member Reputation points: 9546
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    Quote Originally Posted by Cshoke View Post
    Have an auto repair merchant that has 5 open positions and is trying to consolidate and net additional capital.

    Business does $45k-$50k in monthly revenue, bank statements look fairly clean (No NSF's, $10k+ ending balances).

    Merchant owes approximately $25k on the existing MCA's and is paying a total of $1,200 daily.

    Has a current offer for $35k @1.49 over 4 months with about 6 percent in additional fees. This offer will pay off his existing and then net additional capital.

    Looking to see if anyone can compete and offer something better.

    Please PM me is so.

    Thank you.
    I can do a reverse or a reverse hybrid. Call me.

  4. #4
    Senior Member Reputation points: 258
    Join Date
    Jun 2017
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    119

    If the client has collateral to pledge that has enough "net equity" we should be able to make an offer. If you would like to discuss the file further, please feel free to PM me.

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