[patrickw]

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 PLZ

[HDF]

Who are their customers? (in general)

[CStewart]

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?

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

[Kevin Henry-Seacoast]

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?

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.com

[J.Celifarco]

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?

best you can do with these deal are reverse consolidations. Max term going to be 9 maybe 10 months. With that many open positions unless they qualify for some type of asset based loan there really isn't any other options.

[patrickw]

best you can do with these deal are reverse consolidations. Max term going to be 9 maybe 10 months. With that many open positions unless they qualify for some type of asset based loan there really isn't any other options.

reverse consolidations. - any lender you suggest?

[mcaguru]

Am i in there ? LOL

[patrickw]

am i in there ? Lol

nope

[patrickw]

Guys this merchant not interested in reverse

[patrickw]

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.

[ryan $]

best you can do with these deal are reverse consolidations. Max term going to be 9 maybe 10 months. With that many open positions unless they qualify for some type of asset based loan there really isn't any other options.

Who is Doing 10 Month Reverses besides Par?

[J.Celifarco]

Guys this merchant not interested in reverse

if not reverse then nothing you can do with 5 open positions

[ryan $]

Guys this merchant not interested in reverse

Does he have Property?

Land, Building, Equipment..........ANYTHING?

[J.Celifarco]

Who is Doing 10 Month Reverses besides Par?

FundRite will go out to 200 days not sure who else

[ryan $]

FundRite will go out to 200 days not sure who else

What do they pay ?

[Cashman1]

Guys this merchant not interested in reverse

No kidding he will take a 6position!

[J.Celifarco]

What do they pay ?

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

[patrickw]

Will do factoring.

[patrickw]

if not reverse then nothing you can do with 5 open positions

Factoring?

[J.Celifarco]

Will do factoring.

problem with factoring is that most if not all factor companies require the first position UCC if he has 5 open advances you will need 5 subordination agreements which could be difficult if not impossible

[ryan $]

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

I guess.

Can you at least tell me if they pay upfront, or do they pay as they fund account weekly like some reverse companies

[Kevin Henry-Seacoast]

problem with factoring is that most if not all factor companies require the first position UCC if he has 5 open advances you will need 5 subordination agreements which could be difficult if not impossible

Sounds like he might have enough outstanding to take everyone out. I would be happy to take a look. FYI....we have floated a few term pieces to clean up a mess for the right deal and right owner.

[Kevin Henry-Seacoast]

Factoring?

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-Seacoast]

https://seacoastbusinessfunding.com/...etain-profits/

Here's the link.

[ryan $]

Kevin.Henry@SeacoastBF.com Patrick....go to www.seacoastbf.com and look what we just did for a staffing company in a similar situation.

Every deal I have with good Invoices all do business overseas. And I cant get anything done. WHo can touch Companies that do business overseas?