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07-14-2022, 11:56 AM #1
- Join Date
- May 2022
- Posts
- 62
High risk high Rev Need help! --- 1.2 Mil/ Month Rev
EDITED , No longer need help. Thank you all
Last edited by TheMattTasticVoyage; 08-10-2022 at 12:18 PM.
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07-14-2022, 12:02 PM #2
Has he applied for a SBA or Term Loan? Does he qualify? Does he have any real estate for a hard money loan?
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.
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07-14-2022, 12:14 PM #3
- Join Date
- May 2022
- Posts
- 62
I don't think he has but he would certainly take a term loan so long as it served the same purpose for him.
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07-14-2022, 12:19 PM #4
- Join Date
- Feb 2017
- Posts
- 3,463
GC or SC? Can any of his AR be factored? That would definitely be the best way here.
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07-14-2022, 12:23 PM #5
- Join Date
- May 2022
- Posts
- 62
Gc I believe , and I imagine they can.
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07-14-2022, 12:33 PM #6
- Join Date
- Aug 2021
- Location
- nyc
- Posts
- 17
call me at 631-835-3987
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07-14-2022, 12:43 PM #7
- Join Date
- Feb 2017
- Posts
- 3,463
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07-14-2022, 12:44 PM #8
- Join Date
- Feb 2017
- Posts
- 3,463
GCs are harder than SCs, that's what I meant. The good news is that there's probably room on the AR to sustain his business and buy out the MCAs.
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07-14-2022, 02:34 PM #9
- Join Date
- Mar 2019
- Posts
- 105
Matt pretty sure I know the deal, bigger issue is the Average Daily Balance if so, his ADB is under 2k.
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07-14-2022, 02:36 PM #10
- Join Date
- May 2022
- Posts
- 62
Sounds like you do know him. RIP
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08-09-2022, 07:12 PM #11
- Join Date
- Aug 2022
- Posts
- 2
Hi Matt. I see the issue you have with this client. With the low balances and his background I'm sure its difficult to find something that works for the client. If you can not get an approval, the client is declined across the board and they are in danger of defaulting, we should jump on a call. National Credit Partners is a debt modification and restructuring firm. We are not a debt settlement company and we do not offer any financing. We work directly with the lenders and get brand new contracts in place while still paying back the lender in full. Russell 949-288-0702
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