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10-09-2014, 11:16 AM #1
- Join Date
- Oct 2014
- Posts
- 40
Can you fund this deal?
I have a client who is looking for $7M.
He needs $2M in cash and a $5M letter of credit. The letter of credit will be used to create a captive and then once the captive is formed will be released back the lender never having to come out of their pocket.
The $2M will be used to merge with an existing Payroll company generating about $70M a year. Obviously that is not all their money since it is a payroll company.
He has a very intricate and detailed plan that makes complete sense to have this loan repaid in less than 2 years.
Any takers?
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10-09-2014, 11:53 AM #2
Can you fund this deal?
I'll be fair to you, best case scenario I can get you funded the $2Million cash, is that something you would be interested in? Getting the $5 million line of credit I realistically can't do
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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10-09-2014, 11:56 AM #3
- Join Date
- Oct 2014
- Posts
- 40
Unfortunately without the letter of credit or even $7M in cash total. There's no deal.
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10-09-2014, 12:05 PM #4
Can you fund this deal?
Ok, Good luck on the search!
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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10-09-2014, 01:20 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
$7 million
A few questions:
will the new owner control the company after the merger?
is this a merger or acquisition?
Is there any collateral for the LC?
who is the LC made to?
what is the exact purpose of the LC
Is there any collateral for the $2.0 million?
Thanks, Bob 734.929.3800
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10-15-2014, 01:51 PM #6
- Join Date
- Oct 2014
- Posts
- 257
Can you fund this deal?
Has this been funded yet? If not please call me 7742088118
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