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09-09-2022, 01:08 PM #1Member
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- Brooklyn
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Need a consolidation solution.........
Merchant is in specialty products and plumbing supplies. Currently has balances of roughly 200-210K Merchant is in specialty appliances and plumbing supplies. Credit score is 650-700. Looking for solution to get cash flow down. Have financials and P&L and balance sheet. Any ideas here? Possible reverse? Merchant has no collateral to put up. Has lenders currently all pulling weekly.
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09-09-2022, 04:12 PM #2Senior Member
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- Sep 2021
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- Irvine, CA
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If they qualify, uncollateralized SBA 7A if cash flows after consolidation. And making money on tax returns when you take out depreciation and officer's salaries. Will take a month though. Needs 680+Fico...otherwise do a reverse.
Last edited by Olderguy; 09-12-2022 at 11:04 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.
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09-12-2022, 11:02 AM #3Member
Reputation points: 14
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- Jul 2022
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- NYC
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- 34
give us a call this is doable, Gary@infusioncapital.org 718-20704804
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09-21-2022, 04:30 PM #4Member
Reputation points: 254
- Join Date
- Aug 2022
- Posts
- 14
I'm late to the party but this would be a file we would be interested in Reversing.
For any future consolidations you can reach out at avi@alvaadvance.com
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