Merchant seeking 500k
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  1. #1

    Merchant seeking 500k

    Merchant does about 600k a month. Merchant needs over 500k. Owes under 50k on his current cash advance.

  2. #2
    Senior Member Reputation points: 338265
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    Quote Originally Posted by CashAdvanceKing View Post
    Merchant does about 600k a month. Merchant needs over 500k. Owes under 50k on his current cash advance.
    What does the Company do?
    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

  3. #3
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    Cresthill funds those size in the course of its normal business. (we also know how to maneuver around many of the obstacles).
    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

  4. #4
    Senior Member Reputation points: 5110 LJH365's Avatar
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    Aside from Cresthill (of course), there are a lot of funders who will do that deal, but you're gonna need some more information on the deal.
    Sean Hawley
    CEO
    BLF
    Bright Light Freight
    shawley@brightlightfreight.com.com
    631-210-6327
    SBA, Term Loans, LOC, MCA & Equipment Finance (Transportation & Trucking)

  5. #5
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    Any assets?

    Ian G. Nadjari
    Managing Director

    Riverstrong Capital, Inc.
    95 Wall Street
    Floor 6
    New York, NY 10005

    Phone: (917) 983-9621
    Email: Ian@RiverstrongCapital.com

  6. #6
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    Quote Originally Posted by CashAdvanceKing View Post
    Merchant does about 600k a month. Merchant needs over 500k. Owes under 50k on his current cash advance.
    Guessing by the limited post I would assume the current funder does not want to refi, or the refi amount wouldn't exceed 250k.... The real question here is credit and who that funder is. 500k will be a stretch but without details idk.

  7. #7
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    Quote Originally Posted by CashAdvanceKing View Post
    Merchant does about 600k a month. Merchant needs over 500k. Owes under 50k on his current cash advance.
    If the deal deserves $500k, Midnight can fund this today.
    High risk paper

  8. #8
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    if it does not deserve 500K then you fund tomorrow ?
    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

  9. #9
    Senior Member Reputation points: 5110 LJH365's Avatar
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    Quote Originally Posted by mcaguru View Post
    if it does not deserve 500K then you fund tomorrow ?
    Yes. But at 12:01am.
    Sean Hawley
    CEO
    BLF
    Bright Light Freight
    shawley@brightlightfreight.com.com
    631-210-6327
    SBA, Term Loans, LOC, MCA & Equipment Finance (Transportation & Trucking)

  10. #10
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    i always thought we kept latest hours in mca but this midnight name really has me concerned ... ( i still think we keep latest hours but i cant put hand on bible any longer) ...
    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

  11. #11
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    500k in 1 shot probably won't happen, but I can probably get 250-300 done here and I'm sure one of my competitors would be happy to come behind us with another 200+. Feel free to reach out if I can be of any help. I stop working at 6 though because I make sure I fund all my deals by the wire cutoff time and I have a life.
    Last edited by Anthony@torro; 08-08-2018 at 09:13 AM.

  12. #12
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    Quote Originally Posted by LJH365 View Post
    Aside from Cresthill (of course), there are a lot of funders who will do that deal, but you're gonna need some more information on the deal.
    na nobody besides them would do .. fake news

  13. #13
    Sounds like a yellowstone deal.
    They will get closest to the dollar amount you need you with minimal stips.

  14. #14
    We have a seat for this.

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