8-12 Month terms for merchant with tax liens
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  1. #1

    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

  2. #2
    Senior Member Reputation points: 64
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    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

  3. #3
    Member Reputation points: 10
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    We've done it before. How much are the tax liens for? What is his industry?

    Elisa
    562-513-1963
    elisa@multivisionfinancial.com

  4. #4
    Senior Member Reputation points: 68233
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    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

  5. #5
    Member Reputation points: 10 Miguel martinez's Avatar
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    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

  6. #6
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    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



  7. #7
    Senior Member Reputation points: 113 MatthewAStucchio's Avatar
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    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 6018
    Regards,

    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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