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09-23-2019, 07:50 AM #1Senior Member
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
700% of Monthly Sales- Actual Case
NY Metro Area Food Manufacturing firm doing 900k Annually- 75k per month
We arranged/closed 350k 10 year term note (debt restructure) client had been turned down by 3 other banks
An unsecured 90k Line of credit at 3.5 over prime interest only- 1 month clean up annually
75k Long Term advance- 18 months 1.3 Factor rate for expansion purposes
$515k debt arranged on 75k Monthly... Nearly 700% of monthly
Please reach out to Jared Lagemann, Director of Partnerships jared@bccusa.com) if this might help you and/or your clients
RG
Business Capital Consultants USA
3237 Route 112 Suite 9
Medford, NY 11763
bccusa.com
631-880-7501Last edited by RichardGerard; 09-23-2019 at 08:38 AM.
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