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12-12-2017, 10:29 AM #1
- Join Date
- Aug 2017
- Posts
- 405
NOt for Profit
Looking for a lender that can fund a not for profit. Not looking for MCA client already has 2 positions out. They are doing 800K monthly, current on tax returns and are showing a net profit of roughly 50K.
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12-12-2017, 10:43 AM #2
- Join Date
- Feb 2017
- Posts
- 3,463
What's the industry?
What's the credit?
What's the collateral? Who says they need an MCA, maybe they have something else to leverage?
What's the current debt?
Give us more information, you'll get a lot further.
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12-12-2017, 10:47 AM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Good Morning Mynameisbob,
Other than saying the entity is listed as a Not for Profit- you're not giving much information. In order to say yes something can be done or no it can't be- we need to understand what the entity does, are the principals willing to personally guarantee debt, what other debt exists on the balance sheet etc..
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12-12-2017, 11:09 AM #4
- Join Date
- Aug 2017
- Posts
- 405
Company is a community health clinic.
They are willing to personally guarantee the debt.
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12-12-2017, 11:18 AM #5
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Have seen it 3 separate times.. They have a huge IRS lien in a payment plan.. I PM'd you.. Please touch base
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12-12-2017, 12:17 PM #6
- Join Date
- Feb 2017
- Posts
- 3,463
Mendel Out of Monsey, eh?
They won't send me over the YTD P&L, I guess I know why.
He currently took $465k from YS and supposedly has an offer from Prosperum for $800k to buy it out.
I was wondering why he wasn't willing to put up any collateral. He's probably going out of business. One of my lenders told me that a NFP only has taxes on payroll, which means he can't afford to pay his workers!
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12-12-2017, 12:17 PM #7
How about who does non profits at all? I really have never been able to get those done. Please let me know where a good place to send these I appreciate it
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
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12-12-2017, 12:56 PM #8
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- Oct 2016
- Posts
- 4,318
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12-12-2017, 02:38 PM #9
- Join Date
- Aug 2017
- Posts
- 405
do you know any lenders that will do term loans for not-for profit?
can anybody give me feedback on lendistry
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12-12-2017, 03:29 PM #10
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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12-12-2017, 03:56 PM #11
- Join Date
- Aug 2017
- Location
- Los Angeles
- Posts
- 56
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12-12-2017, 12:41 PM #12
- Join Date
- Dec 2013
- Posts
- 4,713
We fund not for profits several times A day !
FYI if your not working with us Sign-up ASAP great way to go into the holiday season!! knowing your with one of the best subprime funding houses (especially if you hate lots of Stips) and prefer a late hours to submit files and get responses extremely FASTTT!!...Last edited by mcaguru; 12-12-2017 at 12:44 PM.
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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12-12-2017, 01:43 PM #13
- Join Date
- Jun 2017
- Posts
- 2,049
Discount, Happyrock (case by case), InAdvance (case by case), Principis, RDM, Strategic, Viking/Lendr, Wall , Mesa Mutual
Non Profits
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