Cash advance consolidation
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  1. #1
    Member Reputation points: 723 CHAMP3's Avatar
    Join Date
    Sep 2014
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    El Dorado Hills
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    95

    Cash advance consolidation

    Does anybody know of a true lender that will do a true consolidation. There is a story to it.

    My customer does $20mm annual gross. Took out 5 different loans in 2018 which was done by the CFO. Total amount is around $1.3mm

    Looking to consolidate as much as they can. Has a property free and clear to lien if needed worth about $1mm

    Any information will be appreciated

  2. #2
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
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    1,108

    Good Morning Champ3.

    Yes, the collateral is helpful- however understanding the balance sheet (both the assets and liabilities) and earnings will determine if there is a path to a 'true consolidation.'

    Our practice arranged over $20M in true consolidations in 2018. Feel free to touch base. I will make sure to give you an honest assessment swiftly.

    Regards,

    Richard Gusmano, Managing Director
    Business Capital Consultants
    3237 Route 112 Suite 9
    Medford, NY 11763

    www.businesscapitalconsultants.com

    rg@businesscapitalconsultants.com

    Mobile: 516-510 3855

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