[FundingGuy]

Law firm. Have balances with -
LCF
Forward
Coconut
Kabbage
Family Funding
Star
Please advise who will do revise consolidation or another position

[Yankeeman07]

Law firm. Have balances with -
LCF
Forward
Coconut
Kabbage
Family Funding
Star
Please advise who will do revise consolidation or another position

They need to hire a money manager

What are the financials of the Law Firm? Need a lot more details

One would hope that their is a financial solution other than additional MCA $$$


Contact me

[Risker]

Shoot us an email bg@fundprollc.com

[Olderguy]

Lawyers and Doctors don't know how to run their businesses.

The LAST thing these guys need is a 5th position.

Problem is they have funds in clients trust accounts.

They need to hire an accountant that operates like a trustee....and take all their checkbooks away from them. (reach out - I do have access to an accounting team that can review and determine a course of action_

And they might also:

They need a bankkruptcy attorney.

Need to be put into receivership...

In all seriousness neither you nor you client have the skills to handle this situation....and I mean that in truth not to be a jerk.

I cannot over emphasize the seriousness of this situation. You have clients funds in trust. Your client run the serious risk of being disbarred and jailed.

[fundinggrasshopper]

It appears they have 6 active positions….
A reverse will only be a regular sized band-aid placed on a gushing open wound…
Someone with this poor cash flow management cannot be trusted with a reverse consolidation even if all 6 of the lenders are on 30-45 day terms
Steve is right

[Hedley Lamarr]

Law firm. Have balances with -
LCF
Forward
Coconut
Kabbage
Family Funding
Star
Please advise who will do revise consolidation or another position

Esquire Bank ...they are the bank for law firms....

[abfunders]

Firstly, you don't do a reverse around Kabbage. They're a LOC with monthly payments.
Secondly, this client needs a real consolidation.
Thirdly, not all doctors and lawyers "don't know how to run their businesses." I don't like sweeping statements or assumptions about business owners, they each have their own story.

Everyone seems to be assuming that the client is actually 100% overleveraged based on a single post. The broker requested a reverse consolidation because that's what s/he knows how to sell. There are other options out there, and a "guided landing" is one of them. If the client's business credit is great their personal FICO is somehow surviving (650+) even if it's not "outstanding" business credit, then there's another option on the table as well that I offer that's not based on cash-flow.

What are the senior positions here? SBA? EIDL? Is there still cashflow or it's all taken over by the MCAs and they're going broke? Did they try ERTC? What type of lawyer? Are there lawsuit settlements that can be loaned against/purchased?

[WarrenG@QFS]

QFS Capital Specializes in Reverse $ Consolidations! Give us as call or email to get started on your cashflow relief consolidation offer! We do offer MCAs as a side by side deal!

ISO Friendly
Competitive Commissions
Cashflow relief for Merchants
Average term 7-9
5m+ for funding per deal.

[WarrenG@QFS]

No law firms!