Logistics Company
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  1. #1

    Logistics Company

    Have a logistics company that has deposited:
    May: 160,000
    June: 150,000
    July: 317,000
    August: 460,000

    Balances are 20-50k

    Over 30 deposits a month

    Credit is ok.

    Merchant took 100k 6 mo with BFS in June. Is up for refi with them. Who can pay off BFS and offer a low Buy rate?

  2. #2
    Senior Member Reputation points: 340558
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,501

    Quote Originally Posted by PuppetMaster View Post
    Have a logistics company that has deposited:
    May: 160,000
    June: 150,000
    July: 317,000
    August: 460,000

    Balances are 20-50k

    Over 30 deposits a month

    Credit is ok.

    Merchant took 100k 6 mo with BFS in June. Is up for refi with them. Who can pay off BFS and offer a low Buy rate?
    Do they have a senior lender or factor in place?
    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
    Noob Reputation points: 10
    Join Date
    Sep 2018
    Location
    Detroit, MI
    Posts
    3

    can you send merchant file to submission@konnectcapital.com we can have a response and possible funding by COB 9-18-18

  4. #4
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    Quote Originally Posted by konnectcapital View Post
    can you send merchant file to submission@konnectcapital.com we can have a response and possible funding by COB 9-18-18
    Only a damn moron would submit it there.

  5. #5
    Senior Member Reputation points: 71352
    Join Date
    Mar 2016
    Posts
    908

    I can compete with their factor and term while still paying you a fair amount. Paying them off might be a tough one, but if i can convince one of my Sr Underwriters to price it, i might be able to pull something off.

    Let me know if you want to take a shot. My Offer will be somewhere in the mid to high 1.3's including your commission.
    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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