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02-06-2018, 01:54 PM #1Member
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Client just bought a business doing $500...needs cash - Has $160k in equipment
My client just bought (11/17) a Meineke Car Care Center in California that does $500K/year based on last year, but the store needs improvements. He owes $100K to a private investor and $50K is seller carry back.
Average deposits per month of around $45k for his 1st 3 months owning the shop, with a 5 figure daily balance every day.
He wants to pay that off and have $300K working capital. His credit score is 690.
He has about $160k in equipment that can be used to refi the current debt and give him some of the cash he needs (no RE).
Is this is a deal for you? No brokers please.Last edited by ABL America; 02-06-2018 at 02:00 PM.
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02-08-2018, 02:54 PM #2Noob
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I would be happy to help fund this merchant with you.
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02-09-2018, 05:03 PM #3Member
Reputation points: 10
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- Jan 2018
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Send it to Ace, we'll take a look at it. Shoot me an e-mail
admin@acefundingllc.com
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