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  1. #1

    180-600k Solar Installation/Sales. Looking for buyout on two positions

    Two open LOC with Bluevine, remaining balance for both: 47k $2,679 & $1,220 Weekly
    Took 40k in February, Remaining Balance: 46,666 $2,333 Weekly

    February: 186k, 10 Deposits, Avg Daily Bal 19k
    January: 213k, 13 Deposits, Avg Daily Bal 33k
    December: 554k, 21 Deposits, Avg Daily Bal 52k

    No NSFs in last 3 months. have 7 months of statements, 395k avg.

  2. #2
    Hey.
    You can submit your deal directly to:

    eric@overnight-capital.com
    Eric Hersh
    Overnight Capital

    T (929)339-0086
    C: (917) 500-3981
    www.overnight-capital.com
    eric@overnight-capital.com

  3. #3
    Senior Member Reputation points: 9802
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    Quote Originally Posted by 1.49howyadoin View Post
    Two open LOC with Bluevine, remaining balance for both: 47k $2,679 & $1,220 Weekly
    Took 40k in February, Remaining Balance: 46,666 $2,333 Weekly

    February: 186k, 10 Deposits, Avg Daily Bal 19k
    January: 213k, 13 Deposits, Avg Daily Bal 33k
    December: 554k, 21 Deposits, Avg Daily Bal 52k

    No NSFs in last 3 months. have 7 months of statements, 395k avg.
    He has a 75% drop ion deposits the last 3 months is not good. If he is seasonal and a years worth of statements will prove it and I might be able to give you an offer depending on thwe whole file.

    Scott Platto
    Scott@tmrnow.com
    tmrnow.com
    212-220-9872

  4. #4
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Good deposits, making money? Have you applied for a term loan? Fico? seasonal business - just get 12 months bank statements.
    Last edited by Olderguy; 03-14-2023 at 05:59 PM.
    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.

  5. #5
    Please submit to Monica@Bestlinefunds.com, I can get you an offer within 2 hours.

  6. #6
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    Capybara Capital has done the massive whale solar fundings....
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  7. #7
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    Quote Originally Posted by MCA-VET View Post
    Capybara Capital has done the massive whale solar fundings....
    Whale Solar!!! Cool..... Do you also do sharks with lasers?
    Hedley Lamarr......That's Hedley

  8. #8
    Senior Member Reputation points: 119752 BR-Nightmare's Avatar
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    In my experience, Solar is always a hit or miss.

    More of a miss in my book. They barely make it to renew.

    It's more of proceed with caution.

    Too many solar "fishes" in the sea.

    See what I did there!?
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  9. #9
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    So you are saying "cut bait"?
    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.

  10. #10
    Senior Member Reputation points: 119752 BR-Nightmare's Avatar
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    Quote Originally Posted by Hedley Lamarr View Post
    Whale Solar!!! Cool..... Do you also do sharks with lasers?
    You mean Sharks with freakin laser beams attached to their heads?
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  11. #11
    Senior Member Reputation points: 119752 BR-Nightmare's Avatar
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    Quote Originally Posted by Olderguy View Post
    So you are saying "cut bait"?
    Don better jump on this one!
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  12. #12
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    Quote Originally Posted by BR-Nightmare View Post
    You mean Sharks with freakin laser beams attached to their heads?
    I am the BOSS....I need the info.......
    Hedley Lamarr......That's Hedley

  13. #13
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    December is always high in solar because of the ITC. I would stay away from solar unless you really know how to underwrite it.
    That high revenue in December makes me think that they cut some corners to get an install date of last year.

    You should ask them if they do split pay with their lenders. If they do split pay, then the revenue amount will be about 20-30% higher each month.
    If this is in California, then they are going to go belly up this year

  14. #14
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    thats true Solar is a hit and miss however, there is a common thread between the misses -- if you can figure "that out" you can dart 3M on a solar group.... going in pretty confident it'll perform with a few delays in payment here and there...
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

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