[upperlinecap]

Merchant been in biz for 28 years and has 80 employees.
Operates in healthcare space to reduce workers comp expenses for large employers and municipalities
Merchant averaging billings of over $600k per month with over 100 customers. Over $8.0 million in revenue in 2017.

Has following positions:
1. OnDeck--Balance approx $265k, paying $5,262 per week
2. Worldwide Capital--Balance approx $115k, Paying $10,265 per week
3. First Global--Balance approx $68k, Paying $6,210 per week

They would like to find a new deal that will either (1) take out the Worldwide Capital balance and net approx $125k or (2) take out both the Worldwide Capital and First Global balances and net $125k. As you can see, the merchant is paying approx $16,500 per week between Worldwide Cap and First Global. Their main goal is finding a new deal that will reduce this payment under $13k per week and net them the funds they need here.

Merchant does NOT want a 4th position as they really want to ratchet down total payments here (and they don't want to stack their funders). I am looking for funders that will do partial consolidations (not a reverse) like this on at least a 8-month payback --please DM if so...thanks

[Cashman1]

Merchant been in biz for 28 years and has 80 employees.
Operates in healthcare space to reduce workers comp expenses for large employers and municipalities
Merchant averaging billings of over $600k per month with over 100 customers. Over $8.0 million in revenue in 2017.

Has following positions:
1. OnDeck--Balance approx $265k, paying $5,262 per week
2. Worldwide Capital--Balance approx $115k, Paying $10,265 per week
3. First Global--Balance approx $68k, Paying $6,210 per week

They would like to find a new deal that will either (1) take out the Worldwide Capital balance and net approx $125k or (2) take out both the Worldwide Capital and First Global balances and net $125k. As you can see, the merchant is paying approx $16,500 per week between Worldwide Cap and First Global. Their main goal is finding a new deal that will reduce this payment under $13k per week and net them the funds they need here.

Merchant does NOT want a 4th position as they really want to ratchet down total payments here (and they don't want to stack their funders). I am looking for funders that will do partial consolidations (not a reverse) like this on at least a 8-month payback --please DM if so...thanks

The question is when everyone funded here and how much.

[SBF]

Merchant been in biz for 28 years and has 80 employees.
Operates in healthcare space to reduce workers comp expenses for large employers and municipalities
Merchant averaging billings of over $600k per month with over 100 customers. Over $8.0 million in revenue in 2017.

Has following positions:
1. OnDeck--Balance approx $265k, paying $5,262 per week
2. Worldwide Capital--Balance approx $115k, Paying $10,265 per week
3. First Global--Balance approx $68k, Paying $6,210 per week

They would like to find a new deal that will either (1) take out the Worldwide Capital balance and net approx $125k or (2) take out both the Worldwide Capital and First Global balances and net $125k. As you can see, the merchant is paying approx $16,500 per week between Worldwide Cap and First Global. Their main goal is finding a new deal that will reduce this payment under $13k per week and net them the funds they need here.

Merchant does NOT want a 4th position as they really want to ratchet down total payments here (and they don't want to stack their funders). I am looking for funders that will do partial consolidations (not a reverse) like this on at least a 8-month payback --please DM if so...thanks

Try SOS Capital for the partial.
You should also check with PBS Capital for consolidation and A/R line.

[AlexP]

I think there is a chance we can get them into a term loan with a monthly payment. Would need to know what the financials and debt schedule look like in order to get a better idea what we could do for them but we just did a similar deal and got our client $500k and a monthly payment.

Please contact me directly if you'd like to discuss.

Alex P
855-262-2996
alex@LendrzHub.com
www.LendrzHub.com

[WestCoastFunding]

How much A/R do they have?

[ryan $]

Good Luck.

Need to Manage those expectations

[abfunders]

Upperlinecap, depending on the industry, cash-flow, profitability and what collateral there may be, I'm working now with several brokers with an underwriter who I work with to help refinance them into something long-term.

Often, if you look at the immediate debt, you say that they need $200k. Perhaps if we look at everything all together, and the company is in growth-mode but the debt is harming their cash-flow, turn this into a $2-3mm debt refinance and net them serious money with a term loan and/or asset-based LOC. Then they'll always come back to you for more, and you'll have rolling revenue, rather than focus on the immediate needs and other brokers maybe coming and stealing your deal and stacking "your" merchant.