Results 1 to 8 of 8
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10-15-2018, 12:17 PM #1
- Join Date
- Apr 2017
- Posts
- 127
MCA lenders that do hemp manufacturers?
Have a client that manufacturers hemp products. does 200-500k a month in sales. What MCA lenders do this industry?
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10-15-2018, 12:18 PM #2
- Join Date
- Feb 2017
- Posts
- 3,411
Factor that. Get long-term financing for the guy.
I've got a factor that can do it, send me an email.
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10-15-2018, 01:02 PM #3
- Join Date
- May 2017
- Location
- New York/Miami
- Posts
- 65
We will take that paper all day long!
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10-15-2018, 01:23 PM #4
- Join Date
- Feb 2018
- Posts
- 1,349
several would , espec if the cash flow and credit is good...
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10-15-2018, 04:57 PM #5
- Join Date
- Aug 2014
- Posts
- 620
I've done numerous hemp/cbd deals. Feel free to reach out if I can be of any help here.
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10-15-2018, 05:41 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
We have advanced capital to many in that space. No site inspections.
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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10-16-2018, 01:03 PM #7
- Join Date
- Feb 2018
- Posts
- 1,349
so, we have learned that many higher risk funder's give about 30% max of the monthly gross sales as offers, and, a lot of times lower. We had a few that in the past would throw out $5K as an offer which was a total disgrace. you really should dive into their underwriting upfront before even signing up with some of these guys. not only will you waste your time and money, you will annoy your client and more than likely, that app and their social will be shotgunned around. buyer beware on all the claims to do all these wonderful things. if they cant tell you the % of gross they fund on average or against adbs, run.
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10-17-2018, 12:24 PM #8
- Join Date
- Oct 2018
- Posts
- 99
As long as they do $3.5mm a year minimum and have good A/R or collateral I can get them 12-18%
Adam Ward
911 Ave U
Brooklyn NY 11235
adam@Funding-Zone
347-269-1598
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