Results 1 to 5 of 5
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08-01-2019, 04:54 PM #1
- Join Date
- May 2018
- Posts
- 199
Pharmacy Doing 500k Monthly Clean
i have a pharmacy deal doing about 500k a month great ledger 700 fico only has kabbage. He wants 300k over 18 months at 25% max. Does anyone have any referrals for me? Principis declined due to Kabbage balance being over 50k. Slight loss on financials. I have 300k Iou approval but its 1.41 over 18
Charles Frazier
President
Sapphire Capital Group
p: 917-781-2232
m: 917-783-5634
w: www.Sapphirecapgroup.com
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08-01-2019, 04:58 PM #2
- Join Date
- Feb 2019
- Posts
- 124
aquina?
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08-01-2019, 05:27 PM #3
- Join Date
- Feb 2017
- Posts
- 3,429
Get him bank credit lines (6-8% APR) and then give him the IOU to top it off.
All in all the rates will be lower than 25%
Also, there are factors and LOC lenders who can do this as well based on the AR aspect.
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08-01-2019, 05:34 PM #4
- Join Date
- May 2018
- Posts
- 199
They are way too expensive. Worse than IOU but thank you
Charles Frazier
President
Sapphire Capital Group
p: 917-781-2232
m: 917-783-5634
w: www.Sapphirecapgroup.com
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08-01-2019, 09:36 PM #5
- Join Date
- May 2018
- Posts
- 79
I have a couple of options if you want to co broker it
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