Results 1 to 12 of 12
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12-17-2018, 12:33 PM #1
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- May 2018
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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?
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12-17-2018, 12:35 PM #2
I can possibly do a Reverse Consolidation with this file. Call me @ 3477322724
-JonLast 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
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12-17-2018, 12:40 PM #3
Reputation points: 49940
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- Aug 2014
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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.
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12-17-2018, 04:55 PM #4
Reputation points: 5448
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Thank you but I dont think this one is going for a reverse or yellowstone pricing this time around
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12-17-2018, 06:06 PM #5
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12-17-2018, 06:09 PM #6
Reputation points: 503040
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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.
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12-17-2018, 06:45 PM #7
Reputation points: 17416
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- Jul 2013
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12-17-2018, 08:57 PM #8
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
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12-18-2018, 06:40 AM #9
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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12-18-2018, 10:33 AM #10
Reputation points: 5448
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- May 2018
- Posts
- 199
Hahaaaaaaaaaaaaaaaaaaa
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12-19-2018, 09:40 PM #11
Reputation points: 5448
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- May 2018
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- 199
I think I'm going to use liftforward to supplement this deal guys
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01-03-2019, 08:26 AM #12
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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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