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10-06-2014, 09:12 PM #1
Reputation points: 10
- Join Date
- Oct 2014
- Posts
- 40
Can you fund this deal??
I have a client who owns a Certified Ford Dealership. His annual revenue is in the ballpark of $9M. Unfortunately, they were promised a $1M loan from someone who dragged them out for over a month only to renig on the deal at the last minute and they were forced to take funding from places such as Yellowstone, etc. He currently has 8...yes 8... cash advances with 3 different lenders totaling in $1.1M in balances. Even with the high balances and dailies the client still maintains an average of a $40-50k daily balance and has never ONCE bounced a single payment nor incurred any NSF's.
This client is looking for a $1.5M consolidation loan (preferably with monthly payments but willing to accept otherwise).
If you are willing to discuss this client please contact me asap.
Thanks in advance,
MichaelLast edited by Peak Source; 10-06-2014 at 10:23 PM.
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