[rmckellar]

We have an ABL deal that we have been in LOI for a while on and the funder has blown through several milestone dates and deadlines because of an internal monetary problem there and it could be a day, or several days, before this closes and the merchant is at the end of his rope... We need an ABL lender who can step in, maybe who can use this audit (verified and everything of course, if you happen to use Tiger), and who can close in a reasonable amount of time. Facts of the file:

-Household Waste Removal Doing 4MM/Yr
-Has 1MM in Equipment Collateral, as per the audit done by Tiger recently
-We are also closing a factoring facility doing no less than 200k/mo with the same fund, and have had to jump to a new factor for the client as the prospective fund is having him hold 160k in invoices that he needs to monetize
-Has a 500k tax lien with the IRS, an agreement has been reached in writing and $35k out of the ABL is going to the IRS for the deposit on the payment plan
-Has 2 MCAs totaling about 120k
-Audit done by Tiger

If you've read this and it looks like something your fund can do, I can provide the LOI and the audit and whatever else needed to get going.

[Sachip24]

not sure if he would entertain this but Kevin over at Seacoast is the man to speak with when it comes to ABL

[WestCoastFunding]

Going to bet that the factor filed a UCC on their A/R?

[therosefunder]

I can place this if you want to jump on a call

[FinancialSwissArmyKnife]

Kevin at Seacoast!

[rmckellar]

Nah. Nothing like that. There is 2 advances that we have to buy out.