Results 1 to 10 of 10
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06-27-2019, 12:45 PM #1
Reputation points: 1158
- Join Date
- Apr 2015
- Location
- Morristown, NJ
- Posts
- 100
Factoring - Need A Company Who Can Move Fast
I have a factoring client who is currently 'in between' factoring companies and needs to find his new factor quickly. He left his old company at the end of may because he thought he was closing with a hedge fund on June 1. June 1 comes and the fund has missed that deadline and several others on other deals we had placed there. Merchant is holding 220k in invoices he needs to factor ASAP in order to have the capital to run his daily operations.
-Waste Removal Doing 4MM/Yr
-Has a 500k tax lien with the IRS, an agreement has been reached in writing and the deposit will be paid from this factoring round
-Has 2 MCAs totaling about 100k
-All invoices are Net 30---------------------------------------------------------
Rich McKellar
www.linkedin.com/in/richardmckellar
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06-27-2019, 02:58 PM #2
Reputation points: 11191
- Join Date
- Apr 2018
- Posts
- 144
Blue Vine, Capital Solutions Bancorp, Ameri Factors.
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06-28-2019, 10:35 AM #3
Reputation points: 1392
- Join Date
- Oct 2017
- Posts
- 5
Hello Richard,
Id be happy to take a look at this deal, however, we would have to pay the MCAs out of the proceeds of the initial advance.
Feel free to contact me at your convenience.
EJ Ortiz
Summar Financial, LLC
Cell: (786) 566-3002
ejortiz@summar.com
2299 SW 27 Ave.
Miami, FL 33145
www.summar.com
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06-28-2019, 10:50 AM #4
I can get this done for you without necessarily having to take out MCA's give me a call 917.228.4970
The Rose Funder l 917.228.4970
bander@therosefunder.com
Highlands NJ 07732
http://www.therosefunder.com
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06-28-2019, 01:05 PM #5
Reputation points: 54989
- Join Date
- Dec 2013
- Posts
- 4,713
GO with EJ!
EJ Ortiz
Summar Financial, LLC
Cell: (786) 566-3002
ejortiz@summar.com
2299 SW 27 Ave.
Miami, FL 33145
www.summar.comMarcus 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
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06-28-2019, 01:29 PM #6
Reputation points: 338677
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
Wish Tobacco Road was still open! Loved meeting EJ there for a cold beer.
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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06-28-2019, 02:02 PM #7
Reputation points: 54989
- Join Date
- Dec 2013
- Posts
- 4,713
my wife from Australia were the yare just as happy to have a beer that's warm (or hot) !!
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
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06-28-2019, 02:24 PM #8
Reputation points: 941
- Join Date
- Jun 2019
- Posts
- 78
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06-28-2019, 02:27 PM #9
Reputation points: 338677
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
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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06-28-2019, 02:31 PM #10
Reputation points: 941
- Join Date
- Jun 2019
- Posts
- 78
WAS the oldest bar...there use to be another spot in Key Biscayne that shut down to but that was so much fun, fresh caught dolphin or snapper, beer sold for $1 out of a cooler and the vibe you'd catch a VD just walking in the door lmao
https://www.yelp.com/biz/jimbos-place-virginia-key
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