Results 1 to 25 of 33
Hybrid View
-
08-23-2021, 04:12 PM #1
Reputation points: 10
- Join Date
- Aug 2021
- Posts
- 4
We fund 1-10 million dollar consolidations+ net. Defaults okay. We're mainly looking at profitability. Call me.
Angelina Fletcher
Business Development Director
C: (949) 312-7475
-
08-24-2021, 02:19 PM #2
Reputation points: 97075
- Join Date
- Jun 2015
- Posts
- 754
-
08-24-2021, 02:21 PM #3
-
06-06-2023, 03:24 PM #4
Reputation points: 10
- Join Date
- Aug 2021
- Posts
- 4
I don't get on here often, so here is my reply two years later
Typically 10/10 are not if you look at the net profit. I add back MCA interest and other line items that may have been due to a one time supply chain/covid related issue to see if the underlying business is profitable on an EBITDA or EBITA basis. Many still are not, but many just have choked cash flow due to the MCA interest. Our payments typically save them 60/70% in monthly debt service. Also note that a combo of working capital and debt needs to equate to our minimum of 1mm, they don't have to have 1mm in MCA debt.
And we are not affiliated with Fletcher Advance
Similar Threads
-
Looking For High Risk Lenders
By freeprocessing in forum Merchant Cash AdvanceReplies: 23Last Post: 07-27-2021, 05:06 PM -
What is the default rate for a high risk funder?
By pcfunder in forum Merchant Cash AdvanceReplies: 8Last Post: 07-01-2020, 08:13 PM -
Looking to expand my C+ lenders (NOT HIGH RISK LENDERS)
By freeprocessing in forum Merchant Cash AdvanceReplies: 2Last Post: 05-24-2019, 02:08 PM -
High risk lenders
By CarolinaSweetJuice in forum Merchant Cash AdvanceReplies: 10Last Post: 01-02-2019, 01:34 PM -
Do any lenders fund someone with an MCA default? Does high sales
By Red in forum Merchant Cash AdvanceReplies: 2Last Post: 07-27-2018, 01:31 PM