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  1. #1
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    Need a consolidation lender

    Merchant is doing 130k a month and has 6 open positions 4 are under 9k need a consolidation. Any lender that does consolidations please no brokers please.

  2. #2
    Par, Roc or Premiere

  3. #3
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    Thanks

  4. #4
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Reverse Consolidation only option with that many positions..
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  5. #5
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    Quote Originally Posted by Fundthis! View Post
    Merchant is doing 130k a month and has 6 open positions 4 are under 9k need a consolidation. Any lender that does consolidations please no brokers please.

    I may have a solution depending on the cash flow and future sales volume.
    But don't call me since I would be a broker in the deal.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  6. #6
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    You can help the forum out:
    - What's the credit look like?
    - What's the industry?
    - Is there any collateral? You know, AR, equity in real estate, etc etc

  7. #7
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    Quote Originally Posted by abfunders View Post
    You can help the forum out:
    - What's the credit look like?
    - What's the industry?
    - Is there any collateral? You know, AR, equity in real estate, etc etc
    What Micah said

  8. #8
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    It’s a shame Dan Page’s program ended. Those consolidations were the best. But I’m sure Dan got stacked to death.

  9. #9
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    Credit is 550
    Hvac
    No collateral
    And already said 130k a month

  10. #10
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    Quote Originally Posted by Fundthis! View Post
    Credit is 550
    Hvac
    No collateral
    And already said 130k a month
    They have to have A/R. What does that look like?

  11. #11
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    Quote Originally Posted by WestCoastFunding View Post
    It’s a shame Dan Page’s program ended. Those consolidations were the best. But I’m sure Dan got stacked to death.
    Whatever happened with him? I haven't seen his email blasts in a while. Does he still FUND?

  12. #12
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    Quote Originally Posted by NoBigDeal View Post
    Whatever happened with him? I haven't seen his email blasts in a while. Does he still FUND?
    He’s brokering real estate deals.

  13. #13
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    If the merchant is processing at least $100,000/mo in credit cards we can look at it.
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  14. #14
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    Merchant has 300k in ar for the next 60 days

  15. #15
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    Is 300k B2B AR or B2C AR?

    Again:
    - What's the credit look like?
    - What's the industry?
    - Is there any collateral?

  16. #16
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    Quote Originally Posted by Fundthis! View Post
    Merchant has 300k in ar for the next 60 days
    Get an AR Detailed Aging from the client along with an AP Detailed Aging and sent it to Micah.

    We don't touch construction. Maybe he can help you.
    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

  17. #17
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    Thanks Kevin, he's not looking for a broker, but I think it's interesting that we both had a hunch that this was construction from the get-go.

  18. #18
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    This is an HVAC company, right?

  19. #19
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    HVAC company not sure if it's B2B or B2C. You will know once you peel it the AR Detailed Aging.
    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

  20. #20
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    This is an hvac . Not looking for a broker thanks

  21. #21
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    Not a construction deal. He does Hvac

  22. #22
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    Quote Originally Posted by Fundthis! View Post
    Not a construction deal. He does Hvac
    HVAC is construction!
    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

  23. #23
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    Is Mantis the 5th position, of the 6th position?

  24. #24
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    Wow, I guess I missed that post that said HVAC.
    Yeah, this deal looks doable if it's B2B or B2C. Subcontractors are great! You said no brokers, but let me know how I can help.

  25. #25
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    WE do construction. I can get him immediate cash on that AR even in a lower position if there is MCA debt. Call me

    Bill Doody
    949.444.3346

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