MCA CONSOLIDATION - 2 POSITIONS - 90K - CASH FLOW 150K +/- (no net requirement?)
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  1. #1
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    MCA CONSOLIDATION - 2 POSITIONS - 90K - CASH FLOW 150K +/- (no net requirement?)

    Looking to consolidate 2 MCAs and cash out 25k. -without- the net cash requirement, (mca or term loan)? (already tried getting term loan at funding circle and another competitor, no dice)

    Recommendations?

    > cashflow: 150k +/-
    > tib: 4 years
    > Credit: 660 scores
    > Industry: convenience store

  2. #2
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    We can do reverse consolidation and net merchant a few bucks.

  3. #3
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    CFSCCorp,

    By Cash Flow are you saying the client is showing 150k Net Operating Income on his Taxes?

    If yes, then there are likely ways to secure a term note (will need to understand the balance sheet and the reasons why they have been turned down by others). If we pre- qualify a client for a long term loan in a scenario like this, we assist the client with Bridge Capital to get them to the closing.


    Richard rg@businesscapitalconsultants.com

    Business Capital Consultants
    Direct 516 510 3855

  4. #4
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    Richard can assist - if not email me.
    Amanda Kingsley
    DailyFunder: WhoisKingsley
    This is me. https://www.facebook.com/whoiskingsley
    I am Here too. https://www.facebook.com/groups/TheClosersGroup

    Always Live and Lead with Integrity.

  5. #5
    I have a client that received funding for $1.3 million. Funder can lend up to $5.0 mill. Not an MCA lender.

    Call me at 765.517.0975.

    Lorraine

  6. #6
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    Quote Originally Posted by Funded In A Jiffy! View Post
    I have a client that received funding for $1.3 million. Funder can lend up to $5.0 mill. Not an MCA lender.

    Call me at 765.517.0975.

    Lorraine
    Can you please spam this 50 more times. Please!

  7. #7
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    Quote Originally Posted by RichardGerard View Post
    CFSCCorp,

    By Cash Flow are you saying the client is showing 150k Net Operating Income on his Taxes?

    If yes, then there are likely ways to secure a term note (will need to understand the balance sheet and the reasons why they have been turned down by others). If we pre- qualify a client for a long term loan in a scenario like this, we assist the client with Bridge Capital to get them to the closing.


    Richard rg@businesscapitalconsultants.com

    Business Capital Consultants
    Direct 516 510 3855
    edit
    Last edited by MidnightAdvance; 03-19-2018 at 08:00 PM.
    High risk paper

  8. #8
    Senior Member Reputation points: 68233
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    Quote Originally Posted by MidnightAdvance View Post
    In other words, he waives a term loan product in front of you, so you can send him the deal, then he sends it out to his "connections" to get him a, well...: Cash Advance , then Richard splits commissions with you. Ok, now let's talk about the term loan.
    Happy New Year Sol. BACK DOOR to work I see.. Excuse me- back to work. I do enjoy our time together, especially since you have no idea about what it is we do.

    If the client has the requisite earnings and credit for a term loan- yes, we will arrange a term loan. If the client does not, and needs a short term Bridge, we will arrange it through Funders, and continue to seek a Global Solution- working with the client. The file dictates what occurs.

    Seemingly you wish to continue a dispute that you started. No problem: keeps me on my toes.
    Last edited by RichardGerard; 01-04-2018 at 07:46 AM.

  9. #9
    This is not spam!!!!!

  10. #10
    We can fund this client if they own real estate.

    Kaylan Calderon
    212-220-3895
    kcalderon@wbl.com

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