Commodities Broker with 1.3M in Gold and Silver Inventory
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  1. #1

    Commodities Broker with 1.3M in Gold and Silver Inventory

    Commodities Broker with 1.3M in Gold and Silver Inventory needs 300k to 400k in working capital, While his bank deposits are high, the retained cash is next to nothing which is problematic for any cash flow based lender.
    Funding offers based on collateral are welcome. Please email if interested; conrad@prosperousfutureconsulting.com

  2. #2
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    So if cash flow is an issue..... How do you expect the broker to pay a term note collateralized by commodity products.
    Hedley Lamarr......That's Hedley

  3. #3
    Senior Member Reputation points: 68259 Olderguy's Avatar
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    Look into asset based financing....does he have property for a no doc hard money loan? Can he qualify for a personal loan? Business credit card or LOC?
    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
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    Quote Originally Posted by Olderguy View Post
    Look into asset based financing....does he have property for a no doc hard money loan? Can he qualify for a personal loan? Business credit card or LOC?
    Steve,

    Poor cash flow. Financing the inventory will not work nor would financing any assets that would require a term note vs. collateral.
    Hedley Lamarr......That's Hedley

  5. #5
    His personal income is 1.2M gross annual, rev on the business is 7M. This man does not have cash flow issues, he has exotic cars and a giant house. 1.36M in gold/silver inventory being offered as collateral, he shouldn't have issues paying back, if he does the collateral is gold and silver.

  6. #6
    Senior Member Reputation points: 68259 Olderguy's Avatar
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    Quote Originally Posted by CCConrad View Post
    His personal income is 1.2M gross annual, rev on the business is 7M. This man does not have cash flow issues, he has exotic cars and a giant house. 1.36M in gold/silver inventory being offered as collateral, he shouldn't have issues paying back, if he does the collateral is gold and silver.
    1. Do a personal loan which is up to $250K Need 700+ Fico and use personal tax return. Micah can do that.

    2. Use equity in the house - go to the bank and get a LOC.

    3. MoneyMetals.com can collateralize precious metal (they claim).
    Last edited by Olderguy; 09-01-2022 at 11:18 AM.
    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.

  7. #7
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    Quote Originally Posted by CCConrad View Post
    Commodities Broker with 1.3M in Gold and Silver Inventory needs 300k to 400k in working capital, While his bank deposits are high, the retained cash is next to nothing which is problematic for any cash flow based lender.
    Funding offers based on collateral are welcome. Please email if interested; conrad@prosperousfutureconsulting.com
    I’ll take it on, what’s the actual inventory? Gold bars? Or gold and silver coins and trinkets?

    Also, does the merchant wholly own the brokerage?

    I will email you shortly

  8. #8
    Quote Originally Posted by CCConrad View Post
    His personal income is 1.2M gross annual, rev on the business is 7M. This man does not have cash flow issues, he has exotic cars and a giant house. 1.36M in gold/silver inventory being offered as collateral, he shouldn't have issues paying back, if he does the collateral is gold and silver.
    Sounds like a perfect fit for Caymus Funding, Inc. They are good people who have been around since 2002

  9. #9
    Gold coins silver bars I have the detailed inventory list. Did not receive your email.

  10. #10
    Thank you.

  11. #11
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    Quote Originally Posted by CCConrad View Post
    Gold coins silver bars I have the detailed inventory list. Did not receive your email.
    Email sent

  12. #12
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    where is marcus when he actually should promote ...this is a marcus/capybara deal 75 day 1.499 20% fee funded in 10 minutes

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