Results 1 to 17 of 17
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08-26-2019, 08:32 PM #1
- Join Date
- Apr 2013
- Posts
- 359
2nd Position $500K in CA
Balance hovers between $3-$4M in the bank.
It's a start-up, about two years in.
I don't have all the details. Just need to know who can do $500K in CA as a 2nd.
No brokers. Thanks for your recommendations.
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08-27-2019, 10:57 AM #2
- Join Date
- Aug 2019
- Posts
- 43
Do they have any equipment that is free and clear? We could do a sale and leaseback on equipment.
I would love to discuss further.
Please give me a call at 847-784-0011 or shoot me an email at calfalkenhayn@elgalllc.com
Regards,
Cal FalkenhaynCal Falkenhayn | Senior Account Executive
Equipment Leasing Group of America
211 Waukegan Road, Suite 100 |Northfield, IL 60093
O: 847-784-0011 | F: 847-784-0066 | M: 847-922-2729
calfalkenhayn@elgallc.com | www.elgallc.com
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08-27-2019, 11:09 AM #3
- 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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08-27-2019, 11:19 AM #4
- Join Date
- Dec 2013
- Posts
- 4,713
Mantis would love to get a shot at funding -- 6 digit deals is a norm at Mantis!
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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08-27-2019, 11:32 AM #5
- Join Date
- Aug 2014
- Posts
- 620
We can easily do a 500k deal it just depends on the monthly rev/daily balances. Feel free to reach out to me directly if you would like to discuss this further.
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08-27-2019, 11:50 AM #6
- Join Date
- Mar 2016
- Posts
- 908
Anthony is your best bet here hands down - He's the only person on this forum who should see this file....
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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08-27-2019, 12:16 PM #7
- Join Date
- Feb 2017
- Posts
- 3,463
Lior, come on. 2 years in is not a startup anymore. Anyone with relationships with a bank or a factor can do a large deal. Problem is the brokers want to make the company broke with a cash advance. However, you're right, when someone says "no brokers" that means that they're only interested in selling a cash advance, but there are a few direct real lenders here on the forum who can do deals like this.
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08-27-2019, 12:22 PM #8
- Join Date
- Mar 2016
- Posts
- 908
Per the brokers request "Looking for a 2nd position CA offer for 500k" Anthony is the best shot to execute on that request. Can a "real lender" do that too? Possibly, but the path of least resistance is Anthony. The broker also said he doesn't have any details on the file which every lender will ask for. Again, if they want a big funded amount only based on a bank statement and a credit report, Anthony is the best bet.
Ide request the deal be sent to me, but i cant do that big of a funded amount.Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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08-27-2019, 12:25 PM #9
- Join Date
- Aug 2014
- Posts
- 620
Thank you Lior!
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08-27-2019, 12:25 PM #10
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08-27-2019, 12:29 PM #11
- Join Date
- Mar 2016
- Posts
- 908
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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08-27-2019, 01:59 PM #12
- Join Date
- Apr 2013
- Posts
- 359
I appreciate the responses but ultimately I was just looking for which lenders in the space would consider a 2nd position, in CA, for that high an amount. If they can at least do that, then I can get into all the details. I've had trouble finding 2nd position lenders in CA.
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08-27-2019, 02:01 PM #13
- Join Date
- Oct 2016
- Posts
- 4,318
In theory Knight can do this. Also, as noted above YSC is a no-brainer. Additionally, can do TVT and Influx.
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08-27-2019, 02:04 PM #14
- 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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08-27-2019, 02:31 PM #15
Without knowing all of the details, I can tell you that we do fund in California and specialize in 2nd and 3rd position deals up to $1 million. The last 500k deal we funded was a 12 month term.
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08-27-2019, 08:32 PM #16
- Join Date
- Aug 2018
- Posts
- 877
If you sign some legal docs guaranteeing 15% to me, and a COJ depending on the state you're in, that my attorney drafts, i'll tell you who can get this done if it qualifies.
I will know when it funds.
Let me know if you want to make this happen.
Thanks
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08-30-2019, 01:55 PM #17
- Join Date
- Mar 2016
- Posts
- 335
Sounds like we can buy out their 1st and give them better terms... We are in CA. Call me.
---
Bill Doody
Round Table Financial
Business Development Officer
bill@rtfinancialgroup.com
C: (949) 444-3346
www.rtfinancialgroup.com
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