Results 1 to 17 of 17
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12-14-2018, 10:35 AM #1
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
NON - MCA, NON -SBA - 24-36 month product
I have a merchant with 3 businesses with a combined revenue of 9m a year. Slight profits showing in 2017 but had a hit in 2016 with a 220k loss showing. 5yr in business
They do not have real estate to pledge but with a 710 fico and a 685 fico for the owners,
cash flow seeking a 24-36 month product.
Any recommendations of a lender or a product?
Has 1 open balance mca 425k 8 months left on the balance 38% paid down from funding.
Da Vinci
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12-14-2018, 10:36 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Hi Da Vinci,
What industry?
Best,
KevinKevin 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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12-14-2018, 10:44 AM #3John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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12-14-2018, 11:53 AM #4
- Join Date
- Dec 2013
- Posts
- 4,713
Look into liftfoward
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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12-14-2018, 12:04 PM #5
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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12-14-2018, 12:04 PM #6
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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12-14-2018, 12:05 PM #7
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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12-14-2018, 12:09 PM #8John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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12-14-2018, 12:11 PM #9
- 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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12-14-2018, 12:18 PM #10
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
yes staffing service and payroll solutions for many companys, mostly food establishments and a few local uber contracts
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12-14-2018, 12:22 PM #11
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
We provide factoring and asset based lines of credit. Staffing is an industry we really like. I would be happy to take a look.
Best,
Kevin
kevin.henry@seacoastbf.comKevin 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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12-14-2018, 12:27 PM #12
- Join Date
- Oct 2016
- Posts
- 4,318
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12-14-2018, 12:56 PM #13
Factoring is the way to go with Staffing. The open MCA balance of 425 may cause problems if they do not want to subordinate a first position UCC or pay the balance off out of first funds. If the AR Aging is clean we can usually provide an OverAdvance to help the client. I would love to talk to you in more detail, jnearing@commercialfund.com
Jeannette Nearing | Business Development Officer| AmeriFactors
| M (770) 362-2307
jnearing@amerifactors.com |
http://www.amerifactors.com
https://www.linkedin.com/in/jeannettenearing
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12-14-2018, 02:52 PM #14Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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12-15-2018, 02:43 PM #15
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 464
I may be able to get it done, depending on how profitable 2017 looked with add backs and if 2018 interim financials look better than 2017.
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12-17-2018, 07:50 AM #16
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Steven,
The key might be how 9M in top line is distributed. Is most of it in one entity and the others are essentially pass through entities? Where is the AR? Is it under the firm that took out the 425K?
If they can supplant the existing short term debt with a LOC from Kevin, even if there is a shortfall there are cost effective options to subordinate the balance.
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12-17-2018, 09:39 AM #17
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
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