Results 1 to 10 of 10
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01-05-2015, 06:13 PM #1
- Join Date
- Jan 2015
- Posts
- 77
Retail Shop With 1mil gross rev needs a good second position offer***HOT HOT HOT
Current offer 44 paying back 66 (merch has not agreed to......yet) 699 Credit
Outstanding 72
22
Grossed 1mil for 2014.
Doesn't Need a Third. Looking for consolidation or a competitive second.Last edited by JHausen; 01-05-2015 at 09:02 PM. Reason: Answer to questions
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01-05-2015, 07:19 PM #2
- Join Date
- Nov 2014
- Posts
- 266
how much is he looking for? 44k didn't work for him?
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01-05-2015, 08:03 PM #3
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Retail Shop With 1mil gross rev needs a good second position offer***HOT HOT HOT
Ok 1 Mil a year isn't a huge number when broken down and the amount is dissected into how much it costs to run a business.
He has 2 advances out- the first amount I understand... Why did he take a second? Now a third? Did you get this off of a UCC list? Merchants won't take more money unless it's a large amount that attracts them. Regardless, paying back more that 50% in 3-5 months of your lucky probably won't make him budge either.
Look into a better product instead of digging a business owner into a hole.Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
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01-05-2015, 08:59 PM #4
- Join Date
- Jan 2015
- Posts
- 77
@WhoisKingsley
I apologize I should have clarified we're not looking for a third. We're either looking for a good consolidation or a competitive second
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01-05-2015, 10:11 PM #5
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Retail Shop With 1mil gross rev needs a good second position offer***HOT HOT HOT
Gotcha. Sorry got a little angry there
Okay- as in someone to buy out that second and become a second? Do they take a good amount of CCs? If so, we can get a split put in place to take out the second if it's been more than 30 days.
Consolidations are tough with just 2 positions. There are some that will take a look like fund my payroll? Right? Other than that you can try to get them into a term loan... That would make more sense. PM me if anythingAmanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
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01-05-2015, 10:23 PM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
We have term loan lenders, you don't make much but a better product for the borrower. As long as the are not running in the red and in business for 3+ years you should have a better product than an advance
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01-05-2015, 11:33 PM #7
- Join Date
- Dec 2014
- Posts
- 93
Retail Shop With 1mil gross rev needs a good second position offer***HOT HOT HOT
Hello! If you still need help with this please contact me! Edreselly@wbl.com or 860-692-4636! l
Erin Dreselly
World Business Lenders
81 Market Sq., Suite 7
Newington, CT 06111
Direct: 860-549-2419
Cell: 860-692-4636
Fax: 860-499-5413
Email: edreselly@wbl.com
Web: www.wbl.com
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01-05-2015, 11:56 PM #8
- Join Date
- Jan 2015
- Posts
- 6
JHausen I am new to the forum but not the business. I think I could help you with this. Please feel free to contact me at your convenice.
Robert Scarpaci
FIG Capital
212-776-4385
Rscarpaci@figfunding.com
75 Broad St. Suite 1904
New York, NY 10004
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01-06-2015, 07:20 AM #9
- Join Date
- Jul 2014
- Posts
- 82
Retail Shop With 1mil gross rev needs a good second position offer***HOT HOT HOT
Get him an SBA 7a 150k 10 year term @ 6% need a 680 cs your merchant qualifies. PM I have a back that gives approvals in 24 hours & funds in 3-5 biz days.
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01-06-2015, 11:54 PM #10
- Join Date
- May 2014
- Posts
- 42
I can offer a term loan for 5-10 yrs with a monthly payment regardless of any existing working capital cash advances.
Contact me to see if they qualify!Meet me and see if you Qualify http://ezcapital.us
Ben Corey
714-988-4469
*Ask me about our ISO program
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