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03-21-2019, 03:09 PM #1
Looking for a 4th Position
Hey Guys,
Thought I'd post this as the last resort. Looking for a funder that can do a 4th position with weekly payments!
Home Health Care Company
Been in business since 2004
Borrower credit is 700
Did $19M+ in annual revenue for 2018
Has 3 advances
-$740K
-$242K
-$225K
Looking for $100K-$200K / Currently half way thru the SBA process & looking for a bridge to hold them over!Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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03-21-2019, 03:19 PM #2
- Join Date
- Jun 2016
- Location
- Tampa, FL
- Posts
- 180
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03-21-2019, 03:28 PM #3
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03-21-2019, 03:30 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Hi Nick,
Are the invoices paid by private pay, insurance, Medicare, or Medicaid? Sometime these home healthcare companies work under government contracts and you might be able to factor them or get an asset based line. If they are growing will they outgrow the SBA?
If they are not insurance, private pay, Medicare, or Medicaid.....I would be happy to see if we can do something.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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03-21-2019, 03:41 PM #5
- Join Date
- Oct 2018
- Posts
- 99
What type of term is he looking for?
Adam Ward
911 Ave U
Brooklyn NY 11235
adam@Funding-Zone
347-269-1598
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03-21-2019, 03:55 PM #6
- Join Date
- Jun 2016
- Location
- Tampa, FL
- Posts
- 180
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03-21-2019, 04:41 PM #7
- Join Date
- Mar 2016
- Posts
- 908
CFGMS - ide love to take a crack at this deal. Doing a weekly as a 4th might be possible if the first 3 positions aren't the typical YSC / EBF's.
My 4th position offer will be a strong option for your merchant to consider. Look forward to hearing from you!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
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03-21-2019, 05:13 PM #8
- Join Date
- Aug 2017
- Posts
- 251
Wouldn't a weekly offer be based upon daily balances?
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03-21-2019, 05:18 PM #9
- Join Date
- Mar 2016
- Posts
- 908
It would, but its tough to justify a weekly payment when the first 3 are daily and accompanied with a 100-120 day term. (if they are highrisk funders)
Its easier for me to get a weekly payment from my funder when the first 3 daily positions are OnDeck, Swift and Knight for Example. All of those positions will have low factor rates, really long terms and are just overall REALLY good deals for the merchant that wont have a huge effect on my weekly debit.
Imagine 3 daily debits of $300-$400 compared to 3 daily's of $1,500-$2,500. The higher the daily, the less chance you have of collecting your weekly debit. But if they are low, you shouldn't have any issues.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
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