[Peak Source]

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,

Michael

[golf2014]

8 advances, maybe time to sell business?

[Drizzle]

Lol

[MCA]

...

[Peak Source]

Believe it or not, this client has 8 advances but has never ONCE bounced a payment, or had an NSF, and after making the daily payments STILL maintains over a $40,000 daily balance.

[Eagle Funding]

I mean like wow, but I can def look at this, can you email me cscuderi@mcamerchant.com or call me on my personal cell phone 718-316-3323 I would love to discuss this

[cashguy]

You forgot to mention that he probably has floor financing so really they are in 1st position before the 8 stacks.

[bdshaw]

Probably yes.
If they qualify we would restructure the debt with a 5 year term loan that would reduce their monthly payments by at least 65-70%.
Please give me a good number and time to call and discuss the opportunity.
Bob 734.929.3800