Results 1 to 9 of 9
-
09-19-2023, 02:21 PM #1
- Join Date
- Apr 2014
- Location
- New York
- Posts
- 274
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.
-
09-19-2023, 02:54 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,995
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
Office: 727-233-1111
Skype: fc-financial
-
09-19-2023, 06:27 PM #3
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
@ 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.
-
09-19-2023, 07:23 PM #4
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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
-
09-19-2023, 08:36 PM #5
- Join Date
- Aug 2023
- Posts
- 19
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
-
09-20-2023, 03:48 PM #6
- Join Date
- May 2023
- Location
- Salt Lake City
- Posts
- 12
we can help, contact me at Lee@stallingcapitalpartners.com
-
09-21-2023, 09:46 AM #7
- Join Date
- Sep 2023
- Posts
- 42
I’d be willing to look at this file. Andrew@arkcapitalfunding.com
-
09-21-2023, 02:19 PM #8
- Join Date
- Aug 2018
- Posts
- 882
-
09-21-2023, 02:20 PM #9
- Join Date
- Aug 2018
- Posts
- 882
Similar Threads
-
3 Positions; Consolidation
By Monarch in forum Deal BinReplies: 2Last Post: 04-11-2020, 11:44 PM -
Consolidation 3 positions
By CFObyDesign in forum Merchant Cash AdvanceReplies: 2Last Post: 06-20-2019, 12:29 PM -
CA consolidation - 2 positions
By 1Loanguy in forum Merchant Cash AdvanceReplies: 0Last Post: 05-02-2017, 10:03 AM -
Consolidation of 3 positions
By ryan1046 in forum Deal BinReplies: 3Last Post: 05-15-2016, 09:42 PM -
Consolidation of 4+ positions.
By nmanapat in forum Deal BinReplies: 1Last Post: 06-14-2015, 09:10 PM