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12-29-2014, 05:16 PM #1
- Join Date
- Jul 2014
- Posts
- 74
8-12 Month terms for merchant with tax liens
I have a merchant doing $200k-$400k a month, with approvals in the $50-$75k range at 6 months. Any lenders that can provide more funding or longer payback terms?
2 caveats:
- Has Tax liens (but is on payment plans with IRS)
- Credit in the 500-520 range
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12-29-2014, 05:37 PM #2
- Join Date
- Jul 2014
- Posts
- 196
8-12 Month terms for merchant with tax liens
I think it would be easier to get a higher dollar amount then the length of the term. Would he take the same length if he could get a higher dollar amount? With credit like that I think it would be hard to find a longer term but if the balances say he can handle payments then getting more funding is not out of the question.
Office- 347-492-1801
Mike@SamsonPartnersLLC.com
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12-29-2014, 07:06 PM #3
- Join Date
- Dec 2014
- Location
- Long Beach, California, United States
- Posts
- 26
We've done it before. How much are the tax liens for? What is his industry?
Elisa
562-513-1963
elisa@multivisionfinancial.com
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12-29-2014, 07:16 PM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
As previously mentioned: how much are the liens for, and is the client in a tough to fund industry? Is the business profitable? Honestly we've cleaned up much worse- paid off the liens and secured 36-60 month terms for the client.. Touch base at your convenience..
Richard 516 510 3855
www.businesscapitalconsultants.com
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12-30-2014, 10:01 AM #5
I may have an avenue for this merchant please contact me either by email or by phone mmartinez@wbl.com or 860-436-9009 or cell phone 860-759-6365
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01-02-2015, 10:37 PM #6
8-12 Month terms for merchant with tax liens
I've used can and retail capital for similar situations with 15 month terms
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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01-02-2015, 11:23 PM #7
8-12 Month terms for merchant with tax liens
If client is willing to use collateral (free and clear equipment/vehicles or real estate with equity (65% CLTV) World Business Lenders can lend him up to 100% of monthly revenue regardless of credit.
Mstucchio@wbl.com
212 220 6018Regards,
Matthew A. Stucchio
Associate
World Business Lenders, LLC
120 W. 45th St.
5th & 29th Floor
New York, NY 10036
Main: (212) 293-8200
Direct: (212) 220-6018
Fax: (646) 417-7161
Email: Mstucchio@wbl.com
www.WBL.com
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