500K monthly gross deal
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  1. #1
    Senior Member Reputation points: 8384
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    Oct 2012
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    500K monthly gross deal

    IN BUSINESS 27YRS
    700 plus fico
    can't wait for bank to fund him 2 weeks
    need to get funding tomorrow

    IT AND TECH SUPPORT FOR BIG COMPANIES
    WANTS 250-400K TO PICK UP CLIENTS OF A COMPETITOR
    PAYBACK OVER 1 YEAR WITH EARLY PAYMENT DISCOUNT
    Drop in Nov was result of one client asking for a 30 day extension. Its General Electricso we know theyre good for it.

  2. #2
    Senior Member Reputation points: 8384
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    forgot why im posting it LOL ..only 4-5 deposits a month

  3. #3
    Senior Member Reputation points: 15507
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    We can do $250k with a 5 month payback.
    High risk paper

  4. #4
    Senior Member Reputation points: 340530
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    Quote Originally Posted by shieldfunding View Post
    IN BUSINESS 27YRS
    700 plus fico
    can't wait for bank to fund him 2 weeks
    need to get funding tomorrow

    IT AND TECH SUPPORT FOR BIG COMPANIES
    WANTS 250-400K TO PICK UP CLIENTS OF A COMPETITOR
    PAYBACK OVER 1 YEAR WITH EARLY PAYMENT DISCOUNT
    Drop in Nov was result of one client asking for a 30 day extension. Its General Electricso we know theyre good for it.
    Is this IT Staffing? You should really consider factoring that!
    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

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

    For IT Service or IT Staffing you should consider factoring. I know for you the commission will not be as large up front, however you will make as much or more overtime with the residual. With the 500K monthly billing, a normal factoring line would set him up for around 1MM, our clients average life cycle is 5+ years and you would make a residual for the life of the deal. The factoring line grows as the clients revenue increases.
    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
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    Dec 2013
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    Mantis funds many files with that amount of deposits....
    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
    Senior Member Reputation points: 4599
    Join Date
    Feb 2014
    Location
    Florida
    Posts
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    Just PM'd you! I can get this done. No promises on amount until we see the banking.. could get as much as $500K.
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

  8. #8
    Senior Member Reputation points: 54989
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    Shannon has been around for a long time in this space!
    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

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