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  1. #1
    Senior Member Reputation points: 5633
    Join Date
    Mar 2019
    Posts
    104

    Diamond Wholesale: Looking For ABL or Factoring Facility

    Hey guys,

    Have a nice deal for Diamond Wholesale which I know it tough due to collectability but all of his customers are US based Diamond and Jewelry Manufacturers:

    Has a variety of A/R 0-90 to the tune of 5mm across 3 separate entities w/ some small senior debt that would need to be cleared out.

    Is there anyone who would do this industry

    20+ years TIB,
    Middle of the road credit for owner

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    I'll send it off to my contact and see what they say...
    Steve Benjamin
    Professional Business Loans

    1012 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.

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    She said no luck and doesn't now anyone who can do it.
    Steve Benjamin
    Professional Business Loans

    1012 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.

  4. #4
    Senior Member Reputation points: 216519
    Join Date
    Feb 2017
    Posts
    3,334

    All depends on the creditworthiness of the customers..... No reason why it couldn't get done in and of itself.

  5. #5
    Banned Reputation points: 191
    Join Date
    Dec 2021
    Posts
    8

    Sent you a PM we can help you

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