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01-02-2019, 07:41 PM #1
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
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01-03-2019, 06:32 AM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 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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