Results 1 to 5 of 5
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08-28-2018, 12:54 AM #1
- Join Date
- Dec 2017
- Posts
- 277
Video, TV and Sound Installation Company with 2 Existing Advances.
TIB: 4 years.
Location: New York
Existing balance for advance #1 is $20,000 with a $140 daily payment with 6.5 months left.
Existing balance for advance #2 is $4,500 with a $75 daily payment with 2.5 months left.
Bank Statement Info
June
Deposits: $40,000
Average balance: $10,500
Ending balance: $8,680
July
Deposits: $30,000
Average balance: $9800
Ending balance: $5,088
August (statement cycle ends on the 23rd of every month)
Deposits: $22,000
Average balance: $6500
Ending balance: $6500
There are no NSF or ODs.
The merchant is looking to consolidate the balances to lower the daily payments.
Credit score: Sub 500.
The merchant has 2 jobs lined up after Labor Day which will generate $75,000.
Anyone able to consolidate this?
Thank you in advance.
Michael Sla*****er
msla*****er@sla*****er.com
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08-28-2018, 09:01 AM #2
- Join Date
- Aug 2018
- Posts
- 12
Give me a call Michael, your name and last name stand out lol. It's a pleasure to see you on here, hope after American funding all is well and that job you took at the brokerage went well.
If you are your own God bless, you deserve it, Hard ass working Individual
Oscar Valido
Senior Operations Manager
Email: info@mihwf.com
Phone: 305-834-4500
12250 sw 129th ct suite 108 33186
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08-28-2018, 12:05 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
may be a perfect fit for mantis !
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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08-28-2018, 02:07 PM #4
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
If they have the invoices that are B2B, call Ish or anyone in my sales office. If B2B and checks out, our offer would be, for lack of a better word, a "bundled" term loan (we do not offer cash advance or factoring) at APR-based pricing.
Carl Fairbank
Founder & CEO boldMODE
www.boldmode.com
Carl@boldmode.com
Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
www.breakoutfinance.com
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08-28-2018, 05:05 PM #5
- Join Date
- Mar 2016
- Posts
- 908
Merchant has 2 balances higher than the revenue he did in August. Rev dropping as the months go by. Don't see a consolidation happening here. Might be room for a small 3rd, but that's about it.
If credit is really high you might be able to pull something off. Good Luck!Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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