200k Monthly Healthcare Looking for Bank Loan Consolidiation
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  1. #1
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    200k Monthly Healthcare Looking for Bank Loan Consolidiation

    I have a merchant with 660 credit score good ledgers and nice sic code. Owes 120k between 3 lenders and does 200k monthly. Ideally what Bank would be a good place to send this?

  2. #2
    Noob Reputation points: 10 jts718's Avatar
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    I can possibly do a Reverse Consolidation with this file. Call me @ 3477322724
    -Jon
    Last edited by jts718; 12-17-2018 at 12:43 PM.
    --
    Warm Regards,



    Jon Tastaca
    Managing Partner

    1979 Marcus Ave
    New Hyde Park NY 11042

    www.BayPointFunding.com

    Direct: 001+646.478.6824

  3. #3
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    Quote Originally Posted by jts718 View Post
    I can possibly do a Reverse Consolidation with this file. Call me @ 3477322724
    -Jon
    Aren’t you guys just CitiCapital rebranded after ruining your last name?

  4. #4
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    Quote Originally Posted by WestCoastFunding View Post
    Aren’t you guys just CitiCapital rebranded after ruining your last name?
    Hit 'em with the Hein!

    These bozo's couldn't even bother to change the caller id!

  5. #5
    Noob Reputation points: 10 jts718's Avatar
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    I wouldn't say re-branded, technically we are still affiliated to Citi until the end of this year. There is always gona be good cops and bad cops. I myself can't speak for the past because i wasn't there. i came on board with my own book and my own capital. I run a clean ship, i dont have time to mess around with other people's business, i respect all the mouth's that my brokers have to feed. I'm building my own reputation from the ground up and no one is going to ruin my last name.
    -Jon
    --
    Warm Regards,



    Jon Tastaca
    Managing Partner

    1979 Marcus Ave
    New Hyde Park NY 11042

    www.BayPointFunding.com

    Direct: 001+646.478.6824

  6. #6
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    If we aren't already in there and their daily ending balances can support an additional advance, we can definitely get something good done here for you. Please feel free to reach out if I can be of any help.

  7. #7
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    Thank you but I dont think this one is going for a reverse or yellowstone pricing this time around

  8. #8
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    Quote Originally Posted by Wheetie View Post
    Thank you but I dont think this one is going for a reverse or yellowstone pricing this time around

    Unless they have real estate with sufficient equity, or have A/R that can be factored, there’s little hope of getting a bank-type loan.

    It amazes me how merchants can not qualify for a bank loan, they then take out 3 advances over leveraging themselves, and then feel they’ll be rewarded with a bank loan.

  9. #9
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    Hahaaaaaaaaaaaaaaaaaaa

  10. #10
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    Quote Originally Posted by Wheetie View Post
    I have a merchant with 660 credit score good ledgers and nice sic code. Owes 120k between 3 lenders and does 200k monthly. Ideally what Bank would be a good place to send this?
    If in act the clients real FICO is above 650, and the Healthcare company is profitable (on 2017 return an YTD P and L) there are long-term loan options available- in spite of taking out 3 advances

  11. #11
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    I think I'm going to use liftforward to supplement this deal guys

  12. #12
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    Liftforward is useful in many situations- but if the guarantors credit is indeed above 650 and the entity is cash flowing there are MANY options cheaper than rates in the 20's

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