Looking for +500k, TIB 7 months with high sales
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  1. 01-03-2019, 11:38 AM #1
    Red
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    Looking for +500k, TIB 7 months with high sales

    Client has been in business for 7 months, in that time he has done over 9MM in sales.

    In the last 3 months banks he has done over 1MM a month, prior to that his low is around 500k.

    Which direct lenders are able to fund in this range with only 7 months TIB?

    Client listed industry as Electronics Wholesaler.


    Thank you
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  2. 01-03-2019, 11:56 AM #2
    Cashman1
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    Quote Originally Posted by Red View Post
    Client has been in business for 7 months, in that time he has done over 9MM in sales.

    In the last 3 months banks he has done over 1MM a month, prior to that his low is around 500k.

    Which direct lenders are able to fund in this range with only 7 months TIB?

    Client listed industry as Electronics Wholesaler.


    Thank you
    Issues u might have for a big offer will be if home based, any payment history and how much he is really making off the sales.
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  3. 01-03-2019, 11:59 AM #3
    abfunders
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    Is he a wholesaler with stock, or is he drop shipping?
    I can introduce you to a few A/R lenders who can get this deal done if his accounting is done right.
    Micah Markowitz | mmarkowitz@abfunders.com | 314-396-2828 | abfunders.com
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  4. 01-03-2019, 12:43 PM #4
    Kevin Henry-Seacoast
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    Quote Originally Posted by Red View Post
    Client has been in business for 7 months, in that time he has done over 9MM in sales.

    In the last 3 months banks he has done over 1MM a month, prior to that his low is around 500k.

    Which direct lenders are able to fund in this range with only 7 months TIB?

    Client listed industry as Electronics Wholesaler.


    Thank you
    $9Mil in sales equates to over $1Mil in AR even if their terms are N30. We could potentially finance their receivables and include inventory if the inventory is monitored by an inventory system internally or by a third party. Happy to take a look..... Kevin.Henry@SeacoastBF.com 561-623-1872 is my direct.
    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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  5. 01-03-2019, 12:56 PM #5
    RichardGerard
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    Kevin is your best bet here- if he can't do it he can likely point you in the right direction
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  6. 01-03-2019, 12:59 PM #6
    Kevin Henry-Seacoast
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    Quote Originally Posted by RichardGerard View Post
    Kevin is your best bet here- if he can't do it he can likely point you in the right direction
    Thanks Richard.... Always the consummate professional....
    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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  7. 01-03-2019, 01:17 PM #7
    WestCoastFunding
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    Quote Originally Posted by kevinhenry0527 View Post
    Thanks Richard.... Always the consummate professional....
    These guys with two first names .....
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  8. 01-03-2019, 02:43 PM #8
    aredmond
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    Quote Originally Posted by WestCoastFunding View Post
    These guys with two first names .....
    I put you over 200k rep points for this post west lol, cheers!
    Second place? Set of steak knives.
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