3.5 Mil a month owes 600-650K
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  1. #1

    3.5 Mil a month owes 600-650K

    This guy never has any negatives or anything wrong with bank statements - a lot of lenders just don't like the file. He is a payroll company. Looking to consolidate the 3 positions I have for him.

  2. #2
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by fdecelle View Post
    This guy never has any negatives or anything wrong with bank statements - a lot of lenders just don't like the file. He is a payroll company. Looking to consolidate the 3 positions I have for him.
    reverse consolidation if the banks are good is the only thing I can see working for this.. Fundrite is who I send these files to
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  3. #3
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    FDECELLE,

    Are they a staffing company or just providing payroll services?
    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: 6957 ESE5020's Avatar
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    If the merchant is willing and able, We can offer another position. Unfortunately, We do not consolidate but if another position is of interest please send to Submissions@EastShoreEquities.com
    East Shore Equities, LLC
    Tel: (516) 784-4298 | Fax: (516) 231-5590
    www.EastShoreEquities.com

  5. #5
    Quote Originally Posted by J.Celifarco View Post
    reverse consolidation if the banks are good is the only thing I can see working for this.. Fundrite is who I send these files to
    JINGLES!!!! Hey buddy - you mean Fundkite I assume?

  6. #6
    Quote Originally Posted by kevinhenry0527 View Post
    FDECELLE,

    Are they a staffing company or just providing payroll services?
    All back office stuff.

  7. #7
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by fdecelle View Post
    JINGLES!!!! Hey buddy - you mean Fundkite I assume?

    no Fundrite different company
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  8. #8
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    Quote Originally Posted by fdecelle View Post
    All back office stuff.
    I would be happy to take a look if they would consider an asset based line of credit or factoring.
    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

  9. #9
    Senior Member Reputation points: 5110 LJH365's Avatar
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    credit?
    Sean Hawley
    CEO
    BLF
    Bright Light Freight
    shawley@brightlightfreight.com.com
    631-210-6327
    SBA, Term Loans, LOC, MCA & Equipment Finance (Transportation & Trucking)

  10. #10
    Quote Originally Posted by kevinhenry0527 View Post
    I would be happy to take a look if they would consider an asset based line of credit or factoring.
    Please shoot me an email - main@terrapinfunding.com

  11. #11
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    Quote Originally Posted by fdecelle View Post
    Please shoot me an email - main@terrapinfunding.com
    Wait for ittttt..... If all else fails, send it to Mantis.

  12. #12
    Senior Member Reputation points: 5016 @jeannette's Avatar
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    I just sent you a PM, I do have someone that I work with in Atlanta that comes from a factoring background. They are a lower cost MCA option and provide an "OverAdvance" They will subordinate the receivables to a factoring company if you would like to go in with a two part approach and refinance part of the MCA at a lower rate and offer a lower long term factoring solution. Give me a call to discuss 770-362-2307 or jnearing@commercialfund.com.
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

  13. #13
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    Quote Originally Posted by freeprocessing View Post
    Wait for ittttt..... If all else fails, send it to Mantis.
    no dont

  14. #14
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    Quote Originally Posted by J.Celifarco View Post
    no Fundrite different company
    They never approve reverses

  15. #15
    100 percent will fund it its james from high five funding we fund defaults declines over leveraged merchants any type of deal we beat any offer aprove 95 percent of the files that come in any file deposting over 10k a month no matter what the case is try me out with any deal 347 301 4568 CALL AT ANY TIME FOR 25 -30 MIN APPROVALS MAX

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