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  1. #1
    Banned 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

  2. #2
    Senior Member Reputation points: 97075
    Join Date
    Jun 2015
    Posts
    754

    Quote Originally Posted by Fletca View Post
    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
    You guys are affiliated with Fletcher advance?

  3. #3
    Quote Originally Posted by Fletca View Post
    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

    9/10 clients that owe 1M+ in advances are most likely not profitable.

  4. #4
    Banned 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

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