Results 1 to 18 of 18
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01-06-2020, 04:16 PM #1
- Join Date
- Jun 2019
- Posts
- 44
Gun dealers
Any A paper guys doing these? I know of Snap so far
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01-06-2020, 04:27 PM #2
Lendr.. I think.
FUND3R1
"Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christopher Rice"
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01-06-2020, 04:27 PM #3
- Join Date
- Jan 2017
- Posts
- 388
We can help you with that.
Paul Boxer
Merchant Marketplace
Chief Operating Officer
Chief Revenue Officer
Cell: (516) 805-9209
paul@merchantmarketplace.com
www.merchantmarketplace.com
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01-06-2020, 04:36 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
Most traditional banks have been avoiding this industry. I said this months ago. Alternative lenders with a head on their shoulders should be pounding the street looking for companies in the industry that are being turned off by their banks. We are not lending or factoring the industry either. I saw a manufacturer about 9 months ago. $80Mil company that throws off $5Mil in cash. They were getting kicked out by their bank. The owner told me.....I need a $8Mil facility (AR & Inventory) and I will sign anything under 12%.
There is a lot of wood to chop in this industry for someone that is willing to do a little work!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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01-06-2020, 04:50 PM #5
- Join Date
- May 2018
- Posts
- 79
BFS did one last week 150k funded ...
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01-06-2020, 05:16 PM #6
- Join Date
- Dec 2017
- Posts
- 238
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01-06-2020, 05:35 PM #7
- Join Date
- Feb 2019
- Posts
- 124
arms market is probably exploding as we speak
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01-06-2020, 08:45 PM #8
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,960
Credit Card / Lock Box Split & Term Loans Available.
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
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01-07-2020, 11:19 AM #9
- Join Date
- Dec 2013
- Posts
- 4,713
Mantis will always take a Shot (non pun intended) at this space!
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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01-07-2020, 12:49 PM #10
- Join Date
- Jun 2019
- Posts
- 44
Thanks for the input guys. Kevin, the only thing I would say to your point is that the A paper guys biggest concern with this type of industry is fear of legislation.
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01-07-2020, 12:57 PM #11
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
Legislation is not the issue if you finance the companies correctly and in a strict formula. The reason a lot of traditional banks are looking for the exit is the Remington CH11 filing and headline risk. There are ways to avoid the headline risk, but most banks are just staying away from the industry.
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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01-07-2020, 01:20 PM #12
- Join Date
- Dec 2013
- Posts
- 4,713
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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01-07-2020, 01:30 PM #13
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
Um...the equity has been in that deal for ions. I know them very well. The challenge is exiting the equity position. There are no strategic buyers because of the size and private equity avoids the industry. It's a hotel California deal. You can check-in, but you can never leave. Wells was on the hook for a big number and jettisoned the industry because of the filing and the headlines. They were the largest lender to the industry. The equity will be in the deal for a long time.....they are kinda used to it by now.
The industry does well so long as the headlines benefit sales. The largest challenge right now is lack of working capital liquidity in a demanding market. Some manufacturers are sold out of inventory for certain products. This has not occurred since Sept of 2016. The other challenge is credit risk. Large end customers have left some aspects of the business. The buyers of product are mom and pop shops and some large distributors.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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01-07-2020, 01:46 PM #14
- Join Date
- Dec 2013
- Posts
- 4,713
Whitebox Advisors will come out of this with a big win!
Last edited by mcaguru; 01-07-2020 at 01:49 PM.
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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01-07-2020, 01:51 PM #15
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
If they get paid back..... Originally it was wells as the ABL and term. BofA led the last syndicate.
The equity is still the same player.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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01-07-2020, 02:19 PM #16
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01-07-2020, 04:14 PM #17
- Join Date
- Aug 2019
- Location
- Recently un-retired, "shocked" that nothing has changed.
- Posts
- 116
I hate them. They never perform. If they have an onsite range, it's a little better.
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01-08-2020, 09:49 AM #18
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 501
We fund Gun shops and Ranges but has to be credit card split deal
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
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