Results 1 to 6 of 6
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04-17-2018, 07:12 PM #1
- Join Date
- Jan 2018
- Posts
- 10
Short term loan needed - Been declined due to Negative Days
Here's the deal. Maybe this is up someone's alley. Short term working capital is what's needed....3 months or less.
The merchant manufactures and sells a hybrid of a moped and a motorcycle (it's actually pretty cool) and is seeking $30K to fulfill an order. He has been declined from all my sources due to negative days and NSF's. He is selling a $158K piece of equipment to a friend in late May (The friend has already given a $25K deposit to hold it for him until he can take delivery of it in May). So, he will receive a check for $133K and be able to pay back the short term loan and use the rest for his working capital/inventory needs. I have the invoice with the $133K outstanding balance, as well as the buyer's name, number and email address.
The opportunity is for a lender to make a quick buck or two over 90 days by lending $30K with a $133K piece of equipment as collateral. If you can pull it off, shoot me a PM or email. Thank you.
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04-19-2018, 02:38 PM #2
- Join Date
- Apr 2018
- Posts
- 12
Shoot me an email and we can get this deal funded by the end of the day!
Eric Orologio
TVT Capital
Office: 516-547-8354
Email: Eorologio@tvtcapital.com
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04-19-2018, 03:22 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
Cresthill/Mantis ..we also did some adjustments here that can effect increase in offers and speed to fund.
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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04-20-2018, 02:31 PM #4
- Join Date
- Nov 2014
- Posts
- 438
This sounds to be a good fit for LoanMe. LoanMe offers simple interest loans with terms from 2-10 years. This gives the business a much lower and more affordable minimum monthly payment. No pre-payment penalties. They can keep the funds in this scenario as you've stated for 90 days and when paying us off in 90 days their total cost of capital would be the 90 days of accrued interest plus the origination fee. Loan amounts are based on affordability/ADB over the last 90 days. While negative days hurt the ADB we do not have a set number of negative days that automatically decline a file.
Give us a call Anthony. 949-535-7798.LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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05-08-2018, 03:25 PM #5
- Join Date
- Jan 2014
- Posts
- 1,378
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05-08-2018, 03:59 PM #6
- Join Date
- Nov 2014
- Posts
- 438
We publish all of our rates, fees and programs on our website. You can see them here: https://www.loanme.com/smallbusiness/rates
Give us a call if you have any questions on how the products work separately from each other. The 35% you are referring to is a little out of context here as it is referring to our No interest rate-Fixed Payback Loans ( MCA monthly payment look-a-like), and not our Regular simple interest term loan product.LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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