Results 1 to 8 of 8
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10-06-2014, 09:12 PM #1
- 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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10-06-2014, 09:17 PM #2
- Join Date
- Apr 2014
- Posts
- 781
8 advances, maybe time to sell business?
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10-06-2014, 09:24 PM #3
- Join Date
- Jul 2014
- Posts
- 128
Can you fund this deal??
Lol
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10-06-2014, 09:26 PM #4
- Join Date
- Aug 2014
- Posts
- 194
...
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10-06-2014, 09:57 PM #5
- Join Date
- Oct 2014
- Posts
- 40
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.
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10-07-2014, 12:10 AM #6
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
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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10-07-2014, 07:04 AM #7
- Join Date
- Jan 2013
- Posts
- 151
You forgot to mention that he probably has floor financing so really they are in 1st position before the 8 stacks.
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10-07-2014, 09:09 AM #8
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
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
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