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  1. #1

    loan not MCA

    Merchant did 42MM last year and is looking for a consolidation loan for two MCA they have for 1.2MM and they would like to get about 300K to purchase new equipment

  2. #2
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    Quote Originally Posted by csichoice View Post
    Merchant did 42MM last year and is looking for a consolidation loan for two MCA they have for 1.2MM and they would like to get about 300K to purchase new equipment
    The real question here..... Why is a $42Mil Company using cash advances when there are much better credit choices?
    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

  3. #3
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    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
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    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

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    Quote Originally Posted by csichoice View Post
    Merchant did 42MM last year and is looking for a consolidation loan for two MCA they have for 1.2MM and they would like to get about 300K to purchase new equipment
    I agree with what Kevin stated, - 1.2 million in MCA's ? No promises, but, I have several funding resources that may be able to accomplish what you are seeking.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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    Quote Originally Posted by csichoice View Post
    Merchant did 42MM last year and is looking for a consolidation loan for two MCA they have for 1.2MM and they would like to get about 300K to purchase new equipment
    Any real estate? Their are many monthly solutions if their is equal equity available on real estate.

  6. #6
    Member Reputation points: 10 Paul@Guardianlending's Avatar
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    Any collateral at all?

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    Quote Originally Posted by csichoice View Post
    Merchant did 42MM last year and is looking for a consolidation loan for two MCA they have for 1.2MM and they would like to get about 300K to purchase new equipment
    CSI Choice-If the Company is B2B and not construction or healthcare.... We could probably offer an asset base line of credit in the 6-12% range. Need to learn a lot more. kevin.henry@seacoastbf.com Nobody with this much revenue should be paying more than 12% unless they eat baby seal sandwiches for lunch and/or juggle kittens in the spare time.
    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

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    Kevin Henry,s solution is spot on.

  9. #9
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    CSI Choice: if the file is Construction (B2B Subcontractor) and/or Healthcare, our group can assist.

    Depending on the debt on the balance sheet- and the assets- there are always solutions. When the client sees that you are adept at providing more than MCA's- they trust you more- and are more likely to give you MCA business as needed.

  10. #10
    Happy to see if we can help. We are a direct secured lender.

    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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