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  1. #1
    Senior Member Reputation points: 54989
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    Dec 2013
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    I cant comment about other funders... we look at the deal based on the specific-cash flow. seems like will come out very strong ..you'll have offer in hour or so and contracts back-in will fund today!

    In fact from the dozens of deals will fund today many were ONLY first sent to us today! youll have commission before weekend !
    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

  2. #2
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Aug 2015
    Location
    CALIFORNIA
    Posts
    947

    Quote Originally Posted by mcaguru View Post
    I cant comment about other funders... we look at the deal based on the specific-cash flow. seems like will come out very strong ..you'll have offer in hour or so and contracts back-in will fund today!

    In fact from the dozens of deals will fund today many were ONLY first sent to us today! youll have commission before weekend !
    Will try you again. Hopefully no blackholes.

  3. #3
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Aug 2015
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    CALIFORNIA
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    947

    My manager has offered this guy factoring. Does not want it

  4. #4
    Senior Member Reputation points: 242074
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    Feb 2017
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    He can qualify for an ABL with the right lender, which won't need notification.

  5. #5
    Senior Member Reputation points: 341293
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    Mar 2015
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    Boynton Beach
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    Quote Originally Posted by brokerCompany View Post
    My manager has offered this guy factoring. Does not want it
    I scratch my head with this all the time..... Why would a business owner chose a more expensive and non revolving facility to finance working capital. Finding an ABL facility with a $250K minimum might be a challenge as most true ABL lenders start at $1Mil minimums. If it is found, the rates may be as high if not higher than a bank owned factor like us. They won't require notification, but will require dominion of cash-lock box. There are some out there that provide factoring where notification is soft and the company will manage collections so there is very little interaction with the customers. Happy to chat about it.... There is a better way ....
    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

  6. #6
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Aug 2015
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    Marcus My client is not in the market for 1.49 rates 4 month terms. Seems to be the case with most of your offers
    Last edited by brokerCompany; 07-26-2018 at 06:13 PM.

  7. #7
    Senior Member Reputation points: 107104
    Join Date
    Aug 2016
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    831

    Quote Originally Posted by brokerCompany View Post
    Marcus My client is not in the market for 1.49 rates 4 month terms. Seems to be the case with most of your offers
    They are who they are .I usually only see 3 months

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