1MM+/mo has 4 positions looking for consolidation
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  1. #1
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    1MM+/mo has 4 positions looking for consolidation

    Owes approx 600k in total according to payoff letters doing over 1mm/mo. Travel agency. Who does a true consolidation. If I can't get that merchant will take a 5th. Direct funders only.

  2. #2
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    Quote Originally Posted by AMERICApital1 View Post
    Owes approx 600k in total according to payoff letters doing over 1mm/mo. Travel agency. Who does a true consolidation. If I can't get that merchant will take a 5th. Direct funders only.
    What's the gross profit margin on $1M in the travel agency business - 10%

    You have a business owner drowning in debt ($600K) and you want to give him a 5th?

    I will never say never in the MCA Industry, but, if some funder would go a 5th - just put a fork in the business.
    He/she is going out of business.

    Depending on the financials, a true consolidation may (a slim maybe) may be doable

    You may be better off securing a CFO for them, my question would be what does a travel agency do with $600K in MCA $$$ ?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    When all that fails, then reach out to me and I'll help fix it.

    Need to see financials.

    This client needs help running their business by someone financially qualified. We have a accounting services team to help do that.

    Throwing good money after bad, or consolidlation it just bad business....band aid fix and not a solution.
    Last edited by Olderguy; 09-19-2023 at 08:36 PM.
    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
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  4. #4
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    Quote Originally Posted by AMERICApital1 View Post
    Owes approx 600k in total according to payoff letters doing over 1mm/mo. Travel agency. Who does a true consolidation. If I can't get that merchant will take a 5th. Direct funders only.
    Depending on EBITDA they may be able to secure a loan, debt restructuring would also be a viable option if the payments are killing them. Feel Free to give me a call.
    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

  5. #5
    We offer consolidation options with merchant able to net only 40% of our funding but this SIC might not be the perfect file for us to consolidate.


    David Levin
    29 West 36th St
    New York, NY 10018
    Direct 516-444-6141
    Email dlevin@appfundingbeta.com

    www.appfundingbeta.com
    BETTER BUSINESS BUREAU® Accredited

  6. #6
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    we can help, contact me at Lee@stallingcapitalpartners.com

  7. #7
    I’d be willing to look at this file. Andrew@arkcapitalfunding.com

  8. #8
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    Quote Originally Posted by ArkCapitalFunding View Post
    I’d be willing to look at this file. Andrew@arkcapitalfunding.com
    You're a broker

  9. #9
    Senior Member Reputation points: 35668
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    Quote Originally Posted by Lee01888 View Post
    we can help, contact me at Lee@stallingcapitalpartners.com
    Youre a broker

    Admin can you do a new purge on these low lifes? Please? Before users here lose money by sending them deals? Someone posted about this fool andrew just recently.

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