3 positions, outstanding balance: -$800k
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  1. #1

    3 positions, outstanding balance: -$800k

    Hello everyone,

    I have a merchant that has 3 positions and they’re having problems with cashflow.

    They’re wanting to consolidate or an alternative to lower their payments.

    They do anywhere from $500k - $1M per month in revenue.

    CS: 575-600

    Position 1: -$400
    Position 2: -$150
    Position 3: -$250

    Who can assist or point them in the right direction?

  2. #2
    Senior Member Reputation points: 29542
    Join Date
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    Location
    miami
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    Hey we have a debt restructuring program, different from your normal settlement as the lenders get paid in full with our program we only go after the payment structure. feel free to give me a call to discuss i'd love to help out your merchant.
    Midwestern Financial Solutions
    CEO
    Office - (954) 694-6402
    email- Info@midwesternfinancialsolutions.com
    MidwesternFinancialSolutions.com
    Where your box ends ours begins.
    https://www.linkedin.com/company/mid...ial-solutions/
    linkedin.com/in/brandon-cooper-426615267

  3. #3
    Senior Member Reputation points: 78900 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,377

    1. They need to hire accounting services to reorganize their finances and get them out of what they are doing. It's done by remote and we have a team.
    2. If they have property, get a hard money loan to pay part or all of these off.
    3. Any other assets that can be used for ABL funding resources?
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  4. #4
    Do they have A/R

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