Results 1 to 5 of 5
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02-15-2018, 12:50 PM #1
- Join Date
- Dec 2016
- Posts
- 37
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.
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02-15-2018, 02:25 PM #2
- 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
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02-15-2018, 06:56 PM #3
- 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
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02-16-2018, 08:18 AM #4
- Join Date
- Jan 2015
- Posts
- 77
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.
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03-05-2018, 04:07 PM #5
- Join Date
- Jan 2018
- Posts
- 11
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
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