Results 1 to 13 of 13
-
03-30-2022, 05:14 PM #1
- Join Date
- May 2020
- Posts
- 54
Let's try this again...
I made a post about a week ago but I've since received some new information that might make this deal more attractive.
My client has a three-year-old business and is looking for $3M to $10M in working capital. The business has done more than $5 Million in revenue each month for the last six months. They do not want a cash advance as they have had them before and didn't like them.
I have all of their bank statements except for one which will be ready in a couple of days.
They can provide P&L, tax returns and any other documentation that is needed.
They also have accounts receivables on the books that exceed $100M.
They are not too concerned about the rate, they just want to get the deal done as quickly as possible.
I appreciate everyone that reached out to me both publicly and privately.
Feel free to contact me at info@NovaLendingSolutions.com.
-
03-30-2022, 05:25 PM #2
Have you spoken to factoring companies? You can use more than one if you are at a limit for each. What's' the A/R aging look like.
Last edited by Olderguy; 03-30-2022 at 05:28 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
-
03-30-2022, 05:34 PM #3
- Join Date
- May 2020
- Posts
- 54
I actually have not. I was looking at one that I have signed up with but I didn't know I could use more than one. I will check on the aging. Thanks for the info.
-
03-30-2022, 06:41 PM #4
- Join Date
- Feb 2017
- Posts
- 3,455
if you have the right factoring partner, you can get a fee up-front, in addition to the monthly fees attached. And sometimes the client doesn't like factoring, so there's versions of non-notification, but you have to know where and how to do that.
Also, if they have senior debt, you have to know how to deal with it as well.
It's not brain surgery, but it helps knowing how factoring works and what the client will do. I'm not sure why, but a lot of merchants look at factoring as the "F-word."
-
03-30-2022, 06:44 PM #5
- Join Date
- Dec 2021
- Posts
- 637
I understand merchant does not want a cash advance but if Capybara Capital made a 3Million Offer over 12 months with Monthly Payment in the low 120's would your merchant be interested ? If yes for ISO Agreement Email marcus@capybarausa.com
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
-
03-30-2022, 06:46 PM #6
- Join Date
- Feb 2017
- Posts
- 3,455
-
03-30-2022, 06:49 PM #7
- Join Date
- Dec 2021
- Posts
- 637
I am making a very serious offer. perhaps for you its not helpful but for the one asking the question there is a shot (perhaps not) for him to get his merchant funded and make a very large commission. (yearly salary numbers). as we do actually fund 3M deals.
Last edited by MCA-VET; 03-30-2022 at 06:52 PM.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
-
03-30-2022, 06:57 PM #8Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
-
03-30-2022, 07:07 PM #9
Anyone can literally goto: https://dailyfunder.com/profile.php?do=ignorelist and type in the username of anyone whose posts you don't want to see and they won't even show up for you going forward.
-
03-30-2022, 07:09 PM #10
- Join Date
- Dec 2021
- Posts
- 637
That's actually a brilliant feature....
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
-
04-04-2022, 02:04 PM #11
- Join Date
- Aug 2016
- Posts
- 831
-
04-04-2022, 02:41 PM #12
- Join Date
- Oct 2013
- Location
- Designer
- Posts
- 592
That's actually pretty funny.
www.UccRadar.com
-
05-05-2022, 03:30 AM #13
- Join Date
- Aug 2018
- Posts
- 843
Does capybara really do monthly?