Aerospace Technology Company 1.2 Million Gross Annual Revenue

**Cshoke** · 10-30-2014, 04:33 PM

I have a merchant I am working with that currently has 5 advances out! Yes, I said 5! His gross annual revenue is around 1.2 million. What he would like to do is get all these paid off and net some extra capital. Between all the advances he currently owes 80k.

Let me know if anyone can get this done.

**anonymous** · 10-30-2014, 04:38 PM

Should be a layup if he has strong credit, consistent revenue, and a decent daily ledger.

**Eagle Funding** · 10-30-2014, 04:39 PM

He has a good daily balance and can show he won't get crushed by payments I can do it email me allen@mcamerchant.com

**MikeC524** · 10-30-2014, 04:54 PM

That doesn't seem to high if the balances all equal only 80k and he's generating 1.2 million annually. I don't see how this can't be done if he's able to handle the daily payments. I just funded a similar merchant who had 4 advances which we got consolidated and we were able to net him the funds he needed because he was able to handle the payments with the monthly revenue he was doing. Mike@SamsonPartnersLLC.com office #347 492 1801

**anydealfunded** · 10-30-2014, 05:07 PM

When did he take out his last advance? Please call me at 774-208-8118 might be able to get him in a different program.

**JoePat** · 10-30-2014, 07:09 PM

I should be able to assist you in getting this done.. Into one loan by consolidate the advances into APR 2-7 year term loan Email for more info:
Joseph Patterson
Sr. Vice President/Business Development Executive
Main 855-676-6687
Fax 718-989-9204
Direct 718-395-9007
Cell 718-440-5937
Email jpatterson@rocfundinggroup.com

**BizFiStore** · 10-31-2014, 10:40 AM

Does the merchant show a profit? Is the credit above 600? If so, he could qualify for a monthly payment consolidation term loan.

Sam Tiburzi
Finance Store
240-345-3314
sam@financestore.com

**bdshaw** · 10-31-2014, 10:46 AM

Originally Posted by Cshoke

I have a merchant I am working with that currently has 5 advances out! Yes, I said 5! His gross annual revenue is around 1.2 million. What he would like to do is get all these paid off and net some extra capital. Between all the advances he currently owes 80k.

Let me know if anyone can get this done.

This sounds like an ABL deal that would be revolving debt running at about
15% a year. Typically these deals stay on the lenders books for several years and commissions are paid throughout the lending period as opposed to an MCA where you get paid once unless they renew.
Bob Shaw
734-929-3800

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