Results 1 to 7 of 7
-
02-12-2020, 09:56 PM #1
- Join Date
- Jan 2019
- Posts
- 5
Logistics Company $8 Mill Gross Annual
Looking for 500K, merchant wants to consolidate some MCAs and net some capital.
Credit 790
Monthly Deposits approx 800k
Average Balances approx 100k
Has 2 MCAs totaling about 27K in payments a month. (one weekly, one daily)
1 monthly loan paying 24K monthly. (approx 320K balance)
1 monthly loan paying 4.5k monthly
Ideally wants to pay off the 2 MCAs and 1 monthly total balance approximately 150k and net the rest. Leaving 1 monthly loan which is at about 320K. Anyone do this?Last edited by lsone; 02-12-2020 at 09:58 PM.
-
02-13-2020, 12:43 AM #2
- Join Date
- Feb 2017
- Posts
- 3,433
Are they already factoring?
-
02-13-2020, 10:21 AM #3
- Join Date
- Aug 2017
- Location
- NYC/Miami
- Posts
- 112
Eli S.
FOx Business Funding
Iso manager
347. 562. 8796
elis@foxbusinessfunding.com
-
02-13-2020, 10:25 AM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
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
-
02-13-2020, 12:49 PM #5
- Join Date
- Feb 2020
- Posts
- 4
We can get this done. Give me a call 848-245-6156
-
02-14-2020, 01:48 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
all else fails Mantis would love to add it to the dozens of deals we got in final.
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
-
02-14-2020, 02:01 PM #7
- Join Date
- Oct 2016
- Posts
- 4,318
Similar Threads
-
Logistics co need 1.5 mill to buy themselves out of chap 11
By Nikki96 in forum All Other LendingReplies: 8Last Post: 03-22-2019, 10:22 AM -
logistics co needs 1.5 mill - looking for private equity co
By Nikki96 in forum Deal BinReplies: 1Last Post: 03-20-2019, 03:27 PM -
$30 Mill/Annual Collection Company
By drosc5 in forum Deal BinReplies: 7Last Post: 02-13-2017, 05:06 PM -
$6-7K for Low Annual Gross Taxi/Limo Company
By Fundyman in forum Deal BinReplies: 11Last Post: 01-15-2016, 03:56 PM -
Aerospace Technology Company 1.2 Million Gross Annual Revenue
By Cshoke in forum Deal BinReplies: 7Last Post: 10-31-2014, 10:46 AM