Results 1 to 25 of 33
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06-14-2018, 03:08 PM #1
5 Open advances ( need solution)
Hi I have a merchant having 5 open advances paying 3,632 per day. Credit around 650 monthly deposit around 200k. Business nature is wholesale distribution.
So this merchant wants 150-200k for 24-36 months. Need your suggestions what can I do here?
Also I often receive deals having 3-5 open advances, what's the best thing I can do with those? Any Lender?
NO REVERSE PLZLast edited by patrickw; 06-14-2018 at 04:46 PM.
Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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06-14-2018, 03:13 PM #2
- Join Date
- Jul 2015
- Posts
- 1,202
Who are their customers? (in general)
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06-14-2018, 03:14 PM #3
- Join Date
- Jun 2018
- Posts
- 36
Patrick I can do a reverse consolidation for him in the 130-160 day range which will reduce his payments by 20% and if that doesn't work I will refer to you an SBA guy who does the smaller SBAs in record time.
Thank you,
Charlie Stewart | ISO Lead
Consolidations and High Risk
T(929)376-8857
F (212) 624-0210
E cstewart@pgfundinggroup.com
www.PGFundingGroup.com
40 Wall St
New York, NY 10005
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06-14-2018, 03:14 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Have you considered an asset based line of credit or factoring? If they are a wholesale distributor we could probably finance the AR and Inventory.
Kevin.Henry@SeacoastBF.comKevin 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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06-14-2018, 03:21 PM #5John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-14-2018, 03:37 PM #6Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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06-14-2018, 04:00 PM #7
- Join Date
- Dec 2013
- Posts
- 4,713
Am i in there ? LOL
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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06-14-2018, 04:03 PM #8Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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06-14-2018, 04:03 PM #9
Guys this merchant not interested in reverse
Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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06-14-2018, 04:04 PM #10Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
-
06-14-2018, 04:04 PM #11
- Join Date
- Jun 2017
- Posts
- 2,049
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06-14-2018, 04:04 PM #12John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-14-2018, 04:05 PM #13
- Join Date
- Jun 2017
- Posts
- 2,049
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06-14-2018, 04:13 PM #14John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-14-2018, 04:17 PM #15
- Join Date
- Jun 2017
- Posts
- 2,049
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06-14-2018, 04:26 PM #16
- Join Date
- Jan 2018
- Posts
- 353
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06-14-2018, 04:28 PM #17
depends on the term and the program. Also not putting commissions out on an open forum. Depending on the relationship people have with different banks commission structures can be different. You can piss a lot of people off if you start saying what different banks pay you
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-14-2018, 04:44 PM #18
Will do factoring.
Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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06-14-2018, 04:45 PM #19Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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06-14-2018, 04:46 PM #20John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-14-2018, 04:47 PM #21
- Join Date
- Jun 2017
- Posts
- 2,049
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06-14-2018, 04:50 PM #22
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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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06-14-2018, 04:51 PM #23
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin.Henry@SeacoastBF.com Patrick....go to www.seacoastbf.com and look what we just did for a staffing company in a similar situation.
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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06-14-2018, 04:53 PM #24
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
https://seacoastbusinessfunding.com/...etain-profits/
Here's the link.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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06-14-2018, 04:53 PM #25
- Join Date
- Jun 2017
- Posts
- 2,049
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