Results 1 to 6 of 6
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09-18-2018, 04:41 PM #1
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
taking out a first positino
I have a General Aviation ground services business, that is doing around $120k a month. They currently have a first with me, paying around $225 a day for 12 months. We gave them 40k.
They took $50k from loan me two weeks ago.
Looking to get them lower payments on the first and net them some cash as well.
TIB is only 3 months, but the it was a previous operator that was there for 12 years prior.
Any ideas?I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
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09-18-2018, 04:44 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Sure....get them an asset based LOC of factor the AR.
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
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09-18-2018, 04:55 PM #3
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
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09-18-2018, 04:59 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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
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09-19-2018, 09:23 AM #5
- Join Date
- Jun 2017
- Posts
- 2,049
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09-19-2018, 09:38 AM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
It would make sense to factor all eligible AR instead of select factoring or small lines/advances. It would be much more cost effective and revolving.
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
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