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07-10-2019, 03:53 PM #1
Services Firm 5M revenues
Weird deal.
Owners have 2 different companies. One entity A does 9M annually has 2 MCAs around 200k
He has another company no MCA no debt that does $5M. Problem is Entity A has the bank accounts and majority of sales revenue into that account.
The Entity B does not show any bank deposits coming in yet just some transfers of around 200k. Is there a way to structure this deal?
He may be open to another position but merchant wanted to see if he could sign under his new entity that has been in operation for only 1 year..
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07-10-2019, 03:58 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
What does the Company do?
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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07-11-2019, 04:44 PM #3
Not a factoring deal. Accounting business services
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07-11-2019, 03:05 PM #4
you're quick on the factor trail kevin
yeah what does he do lolThe Rose Funder l 917.228.4970
bander@therosefunder.com
Highlands NJ 07732
http://www.therosefunder.com
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07-11-2019, 03:29 PM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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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07-11-2019, 03:50 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
All else fails mantis drops many 100K+ deals in hours after submission with very similar to your scenarios....but may want to fund the other account...up to the UW's
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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07-11-2019, 04:39 PM #7
- Join Date
- Jun 2015
- Posts
- 754
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07-11-2019, 04:28 PM #8
- Join Date
- Aug 2014
- Posts
- 620
We can definitely do something here. We would very simply just cross collateralize both businesses and deposit/pull from the business the merchant wants us to pull from. Please feel free to reach out if I can be of any help here.
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07-11-2019, 05:40 PM #9
- Join Date
- May 2019
- Posts
- 29
Send it to UFS
James@ufsfunding.com
we will probably need both entities but lets give it a shot
James Ghoori
VP Iso relations
Unique Funding Solutions
Cell- (917)543-1545
Work-(516)218-1089
Fax-347-549-4296
http://www.ufsfunding.com/
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07-12-2019, 10:55 AM #10
- Join Date
- Mar 2019
- Posts
- 29
What Industry?
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07-15-2019, 05:06 PM #11
- Join Date
- Jul 2014
- Posts
- 82
If it's a CPA, I have a program for them, much better than an MCA
Unlock the value of
tomorrow’s fees today
Financing for CPA Professionals
Leader in financial services lending
Since 2003, service industry professionals across the United States
have benefited from hundreds of millions of dollars in financing from
our source, a direct, non-SBA lender. Our unique cash-flow
analysis, fast turn times, CPA industry knowledge and innovative
technology align to meet the growing demand for CPA practice
financing.
We recognize CPAs often find it challenging to access capital. As
you know, intangible assets like future fees don’t typically fit the
lending model of traditional banks.
We understand
CPAs’ business model and appreciates their most valuable assets –
even though they are intangible.
Our strong financing expertise, innovative technology, proprietary
actuarial models and experienced team align to develop new
products to meet the growing demand for CPA financing.
We help CPAs:
• Hire an additional partner
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• Develop specialized services
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• Upgrade technology
• Initiate a succession plan
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• Loans up to $2.5 million
• Flexible terms up to 10 years
• Line of credit options
• Quick, guided process
• Cash-flow based financing
Uses of Capital
• Mergers & Acquisitions
• Working Capital
• Successions and Owner Buyouts
• Business Debt Consolidation
In-House Loan Processing and Servicing
• We are a direct, non-SBA lender and
handle loan processing, underwriting
and servicing
• Your loan will not be sold to
another organization
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