Severely leveraged merchant seeking creative solution
Need a Funder or Vendor? START HERE

Results 1 to 5 of 5

Hybrid View

  1. #1

    Severely leveraged merchant seeking creative solution

    I have been working with a guy for quite some time, big towing company with 2 positions total of around 97k. They recently had to get a rework on 2 of the positions to avoid drowning. I have a detailed (redacted personal/company info to protect him from being bothered further) write up. Lots of assets in trucks etc, seeking a creative solution to this problem. I am the only loan broker this guy trusts, and I told him I would check on this forum for any creative solutions.

    PM me to discuss how this merchant could fix his current situation. Looking for a way to pay off all positions and obtain $20k more (NOT via an MCA)
    Last edited by SCFunding; 02-15-2018 at 01:07 PM.

  2. #2
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Please feel free to reach out. I have personally been successful in consolidating as many as 14 MCA positions with legitimate credit facilities.

    Richard 516 510 3855

    www.businesscapitalconsultants.com

  3. #3
    Senior Member Reputation points: 258
    Join Date
    Jun 2017
    Posts
    119

    We might be able to do something here, but they would need enough collateral to cover the size of the loan that we would be providing to this client. Keep in mind that our product is still going to be structured similar to an MCA, with daily or weekly payments, but we might be able to go out to 15-18 months in term which should help with the cash flow issues that the client is having at this time. If you want to discuss the file further, let me know.


    Michael Bernier
    ISO Relations | Grand Capital Funding
    P: 201.273.9162 | C: 860.916.2158
    E: MikeB@GrandCapitalFunding.com

  4. #4
    Michael Major Kudos to you and Grand Capital on the 1.1mil consoldiation package you put together for that Distribution. Looking forward to do more business soon. Alan sends his regards.
    Last edited by JHausen; 02-16-2018 at 08:49 AM.

  5. #5
    Happy to look at the opportunity if you still need help

    Jason Downey
    Great Oak Funding
    312 Walnut Street
    Suite 1600
    Cincinnati, OH. 45202
    513.762.7690
    jdowney@greatoakfunding.com



    www.greatoakfunding.com

Similar Threads

  1. Merchant Seeking
    By KINGCASH in forum All Other Lending
    Replies: 3
    Last Post: 05-23-2017, 09:26 AM
  2. Replies: 5
    Last Post: 05-02-2017, 04:31 PM
  3. Replies: 0
    Last Post: 12-30-2016, 02:55 PM
  4. Creative solutions
    By ace.of.spades in forum Deal Bin
    Replies: 10
    Last Post: 12-15-2016, 04:57 PM
  5. Replies: 6
    Last Post: 12-12-2016, 01:36 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

eBay announces new MCA program
Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com


DIRECTORY