Sprint Contractor Needs 150k
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  1. #1
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    Sprint Contractor Needs 150k

    I have a prospect that needs 100k - 150k. Only one main client= Sprint. Has a few small clients (less than 10k per month). Does 60k or so per month with Sprint.

    We cannot factor Sprint A/R.

    I'm not looking to "work" this deal and convince him to take an MCA but I'll take a referral fee if you can place him with a lender or get him any type of capital.

    No positions currently but I know he has 650 credit score. TIB 4 years

    PM me and I'll send you details.
    Last edited by TedFundy; 08-26-2019 at 06:26 PM.

  2. #2
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    He was prepared to receive factoring type rates... just FYI
    ---
    Bill Doody
    Round Table Financial
    Business Development Officer
    bill@rtfinancialgroup.com
    C: (949) 444-3346

    www.rtfinancialgroup.com

  3. #3
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    Quote Originally Posted by TedFundy View Post
    I have a prospect that needs 100k - 150k. Only one main client= Sprint. Has a few small clients (less than 10k per month). Does 60k or so per month with Sprint.

    We cannot factor Sprint A/R.

    I'm not looking to "work" this deal and convince him to take an MCA but I'll take a referral fee if you can place him with a lender or get him any type of capital.

    No positions currently but I know he has 650 credit score. TIB 4 years

    PM me and I'll send you details.
    Does the Business Owner show a profit on his 2018 Tax Returns?
    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

  4. #4
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    Quote Originally Posted by TedFundy View Post
    I have a prospect that needs 100k - 150k. Only one main client= Sprint. Has a few small clients (less than 10k per month). Does 60k or so per month with Sprint.

    We cannot factor Sprint A/R.

    I'm not looking to "work" this deal and convince him to take an MCA but I'll take a referral fee if you can place him with a lender or get him any type of capital.

    No positions currently but I know he has 650 credit score. TIB 4 years

    PM me and I'll send you details.
    TedFundy,

    -We can factor Sprint AR. Most traditional factoring companies will have issues with Sprint and a lot of other end customers. You are not allowed to direct payments to a third party and you cannot verify invoices.

    -Company is way too small for us.

    -We are very picky about this industry right now.

    KH
    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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