Staffing company 80k a month
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  1. #1
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    Staffing company 80k a month

    Who funds this type of Company TIB 3 years

    Mike

  2. #2
    Member Reputation points: 48 joey funds's Avatar
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    I am happy to take a look

    Joey Andreoni
    Rocket Capital
    (C)848-318-2721
    (O)786-954-5086
    Joey@rocketcapllc.com
    https://rocketcapllc.com/

  3. #3
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    Any other information you care to provide?
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  4. #4
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    take them to the sba, feel free to give me a call sba loves staffing right now
    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
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    Quote Originally Posted by michaelh View Post
    Who funds this type of Company TIB 3 years

    Mike
    If a staffing company is waiting on AR for payments they can easily get AR financing or an AR LOC based on their receivables

  6. #6
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Mike:

    There is way too much information missing to direct you to a proper lender.

    How much money do they need, what's the use of funds and how quickly do they need it.

    Are you just asking for a MCA funding?

    Are they making money, losing money or breaking even on their tax return?

    Is this first position, which your post implies.

    Have you tried to qualify them for a SBA 7A, Term Loan, or A paper loan?

    What rate and term are they seeking?

    Your post reminds of brokers who call me and ask "how many points can I make".

    With no information, I tell them from 0 - 150 points

    Nobody here can give you any kind of reference without some basic information.
    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.

  7. #7
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    Do you just reply to everyone to hear yourself talk. The post was fine and multiple lenders sent me private messages and we got several offers.
    I gave all that was needed for a basic inquiry.

    Mike

  8. #8
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Quote Originally Posted by michaelh View Post
    Do you just reply to everyone to hear yourself talk. The post was fine and multiple lenders sent me private messages and we got several offers.
    I gave all that was needed for a basic inquiry.

    Mike
    There are other people who review posts on this forum who really do want to know what options might be available to their clients and call me. Clearly you don't and good for you. Once again, your snide remarks are inappropriate and unwarranted.
    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.

  9. #9
    Senior Member Reputation points: 6585
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    You have been on the Board 2 years and constantly spam all the post. Clearly you have a complex. I have been on this Board 9 years and do not waste peoples time with constant spam and useless post. I ask concise questions after I search the forums. You spam everything.

  10. #10
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    So ignore me...your response pretty much answers itself. Right now I have 15 loans over $20M all from brokers from this site so clearly some people see some value with my expertise. You don't and that's your choice. In the meantime posting negative comments about people who have posts you don't like is not constructive.
    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.

  11. #11
    Quote Originally Posted by michaelh View Post
    You have been on the Board 2 years and constantly spam all the post. Clearly you have a complex. I have been on this Board 9 years and do not waste peoples time with constant spam and useless post. I ask concise questions after I search the forums. You spam everything.
    hes such a clown don't waste your breath hes funds nothing

  12. #12
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    Quote Originally Posted by michaelh View Post
    Do you just reply to everyone to hear yourself talk. The post was fine and multiple lenders sent me private messages and we got several offers.
    I gave all that was needed for a basic inquiry.

    Mike
    You may have received offers (those are a dime a dozen) the proof is can they actual close a funding deal.

    I would be interested in knowing what information you provided so an "Offer" could be presented.
    I don't know of any funder/lender that could completely underwrite a file in less than 24 hours.

    I would be amazed that the merchant completed a full application and provided all the necessary documentation within 1 day.
    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

  13. #13
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    The one think I wish this site had is a block feature. But this is a hugh resource. Every couple years we get self import spammers. But do me a favor don't bother to try helping me again

  14. #14
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    Dave - This is an MCA site. You submit Bank Statements and applications and they all respond in under 24 hours. But to name a few, Credibly, LCF, Clarity, Simply, Spartan, Splash, Lendingvalley, GMF. All produce offers and contracts in under 24 hours and fund. And that list is not all of the great Lenders in this Business.

  15. #15
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    Michael,

    Staffing companies generally have a constant need for financing payroll. SBA and other term loan products are not a good tool as they are not revolving facilities. Unfortunately, this opportunity is way too small for me. There are some receivables financing/factoring companies that know the industry well and are members of some of the industry associations. I just came back from a large staffing conference and will be at another next week and November. If you wish, please send me a PM and I can point you to finance companies thay may be able to help and know the industry.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  16. #16
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    Quote Originally Posted by michaelh View Post
    Who funds this type of Company TIB 3 years

    Mike
    We like funding staffing companies.
    East Shore Equities, LLC
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

  17. #17
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    Quote Originally Posted by Michael Lau View Post
    That looks like something that fits our box, give pinnacle a shot
    email-michael@pinnacleadvances.com
    phone-917-780-7128
    This post is from like September. Chances are someone already stacked it 5 times and put the poor company out of business already.......
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  18. #18
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    Quote Originally Posted by Hedley Lamarr View Post
    This post is from like September. Chances are someone already stacked it 5 times and put the poor company out of business already.......
    Remember, he hasn't posted a single thing other than "send it, this fits out box!" for every deal on the forum, which means that every deal fits his box? I'm a broker, and that's why I don't have a box. However, if I was a funder, I would make sure to have one box per brand, otherwise I'd just confuse everyone. So either he's lying or he's doing very bad marketing.

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