Wholesaler - garmets, shoes, hats - 350k needed
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  1. #1
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    Wholesaler - garmets, shoes, hats - 350k needed

    Who is best lender for wholesale.
    Merchant currently has good credit - but had BK discharged in 2009 because of that my tier 1's keep declining because of that and they say its Import/Export too high risk

    has 1 position for 45k
    deposits - 400k-1m a month
    looking for 350k over 12 months weekly payments if possible. Can any lender get this done if so PM me
    Strong daily balances
    strong ending month balances
    in California
    Last edited by Sachip24; 02-26-2019 at 07:00 PM.

  2. #2
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    MAntis all day ...expect offers in hour or so and all the contracts are now Adobe-Sign....deals can go from submissions to funded email in rapid speed!!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  3. #3
    Senior Member Reputation points: 340530
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    Quote Originally Posted by Sachip24 View Post
    Who is best lender for wholesale.
    Merchant currently has good credit - but had BK discharged in 2009 because of that my tier 1's keep declining because of that and they say its Import/Export too high risk

    has 1 position for 45k
    deposits - 400k-1m a month
    looking for 350k over 12 months weekly payments if possible. Can any lender get this done if so PM me
    Strong daily balances
    strong ending month balances
    in California
    Are they importing goods into the US and selling to US customers? BK does not scare us..... We might be able to help.

    KH
    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

  4. #4
    Senior Member Reputation points: 71352
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    Quote Originally Posted by Sachip24 View Post
    Who is best lender for wholesale.
    Merchant currently has good credit - but had BK discharged in 2009 because of that my tier 1's keep declining because of that and they say its Import/Export too high risk

    has 1 position for 45k
    deposits - 400k-1m a month
    looking for 350k over 12 months weekly payments if possible. Can any lender get this done if so PM me
    Strong daily balances
    strong ending month balances
    in California
    Why wont the current position do the 350k for 12 months? How are the daily balances, and credit? Ill be honest i dont see anyone doing 12 months on this type of SIC with an MCA. You will get really strong approvals on a 2nd if the rev is consistent, good balances and ok credit.

    Feel free to submit it, but no way ill get to 12 months, and 300k+ is to be determined based on the banks. Just want to give you realistic expectations but you should get a nice approval. If i was a broker who had this deal ide send to,

    EBF
    CFG
    Knight
    Kalamata
    Mantis (In-House)
    TVT(Heard they put out a big offer in another post)

    That should be a good start. Let me know if you want to submit.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  5. #5
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    Quote Originally Posted by Lmonus View Post
    Why wont the current position do the 350k for 12 months? How are the daily balances, and credit? Ill be honest i dont see anyone doing 12 months on this type of SIC with an MCA. You will get really strong approvals on a 2nd if the rev is consistent, good balances and ok credit.

    Feel free to submit it, but no way ill get to 12 months, and 300k+ is to be determined based on the banks. Just want to give you realistic expectations but you should get a nice approval. If i was a broker who had this deal ide send to,

    EBF
    CFG
    Knight
    Kalamata
    Mantis (In-House)
    TVT(Heard they put out a big offer in another post)

    That should be a good start. Let me know if you want to submit.

    Thank you Lior, do you go over 6 months on term? daily balances are strong usually over 30k, month ending balances over 100k, he does not want to go back to Ibex he wants a longer term and is not happy with their service.

  6. #6
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    Quote Originally Posted by Sachip24 View Post
    Thank you Lior, do you go over 6 months on term? daily balances are strong usually over 30k, month ending balances over 100k, he does not want to go back to Ibex he wants a longer term and is not happy with their service.
    My longest term is 150-160 days. We Rarely go that far, but 130-140 is pretty common.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  7. #7
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    Quote Originally Posted by lmonus View Post

    mantis (in-house)

    that should be a good start. Let me know if you want to submit.
    on that note ill skip lunch ! ...fyi..mantis has been funding non-stop 12 hours a day not sure if its our new adobe-sign feature or more flexibility or competitors out of the space or one of the largest funding houses submitting to us all the subprime ? !!

    either way ..we open to fund all the subprime the industry can submit our way!
    Last edited by mcaguru; 02-27-2019 at 01:26 PM.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  8. #8
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    We can look at this deal, but we don't offer weekly payments and we rarely go out one year term,

    but if you have a hard time getting the amount needed, feel free to submit to us
    East Shore Equities, LLC
    Tel: (516) 784-4298 | Fax: (516) 231-5590
    www.EastShoreEquities.com

  9. #9
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    Garbage

  10. #10
    Someone on here keeps mentioning Credit Cash for these kinds of deals, large monthly revenues, and looking for big quick financing. Try them out? I'd love to hear a success story with them to see if it's the real deal.

  11. #11

  12. #12
    We work with businesses that have been established for at least two years import export is ok please email summary to milford@commercialmortgagecap.com and our website is www.commercialmortgagecap.com and our telephone is 541-632-3560

  13. #13
    Can look at 2 to 3 year term must have 2 years tax returns for personal and business can payoff that 45,000 MCA loan 350,000 is ok must have credit score above 685 if looking for quick loan but can do 10 year term loan with credit score of 650 or better need to show profits on tax returns Please submit loan request to milford@commercialmortgagecap.com and review our website at www.commercialmortgagecap.com

  14. #14
    Sponsor Reputation points: 9187 DannyFoxCap's Avatar
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    We specialize in 2nd, 3rd, and high risk 1st positions and go up to 750k. Give me a call/email

    Direct: 347-468-7528
    Fax: 866-557-0455
    Email: Danny@foxbusinessfunding.com

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