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12-23-2014, 05:12 PM #1
- Join Date
- Jun 2014
- Posts
- 38
8 Mil Per Yr Retail Business with 700K in 2 balances wants 1 payment and 400K
This NY merchant has a 10 plus year old business doing 8 mil per year. Has 2 balances totaling 700K. Is looking to get a long term loan for 1.1 million or even 1 million to payoff the balances and net 300K to 400K. Wont take a 7 or 9 month MCA deal. We can get him that.
Has some collateral; 1.2 million in equity (in a building with a mortgage already on it) and 1 million in clear inventory.
Anyone know where to go with this P.M. me.
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