Services Firm 5M revenues
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  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    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..

  2. #2
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    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

  3. #3
    you're quick on the factor trail kevin

    yeah what does he do lol
    The Rose Funder l 917.228.4970
    bander@therosefunder.com
    Highlands NJ 07732
    http://www.therosefunder.com

  4. #4
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    Quote Originally Posted by therosefunder View Post
    you're quick on the factor trail kevin

    yeah what does he do lol
    We do ABL too!
    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

  5. #5
    Senior Member Reputation points: 54989
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    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

  6. #6
    Senior Member Reputation points: 49940
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    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.

  7. #7
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    Quote Originally Posted by mcaguru View Post
    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
    dude you're not even in the game

  8. #8
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Not a factoring deal. Accounting business services

  9. #9
    Quote Originally Posted by brokerCompany View Post
    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..





    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/

  10. #10
    What Industry?

  11. #11
    If it's a CPA, I have a program for them, much better than an MCA

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    Since 2003, service industry professionals across the United States
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