Results 1 to 11 of 11
-
10-02-2023, 07:35 PM #1
- Join Date
- Mar 2019
- Posts
- 41
Consolidation / 2.1 million a month
Need a A paper lender that would consolidate 5 postions and net merchant an additional 200k capital at roughly a 1.21-1.35
Merchant does approximatly 2.1 million a month, and has outstanding 850k in MCA's.
Any suggestions?Last edited by giveme; 10-02-2023 at 07:39 PM.
-
10-02-2023, 08:24 PM #2
- Join Date
- Oct 2022
- Posts
- 295
A paper wouldn't take 6-Position. You are most likely best off doing a reversal.
I would personally look at an SBA or an instrument similar to that to restructure debt.Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
-
10-02-2023, 08:28 PM #3
- Join Date
- Mar 2019
- Posts
- 41
-
10-02-2023, 08:41 PM #4
I could take them all out if they had any property with equity. I don't see anyone taking out 6 positions.
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.
-
10-02-2023, 08:50 PM #5
- Join Date
- Mar 2019
- Posts
- 41
Technically we could just consolidate 2/3 positions with the top off.
-
10-03-2023, 08:37 AM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,993
Last edited by Yankeeman07; 10-03-2023 at 01:48 PM.
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
-
10-03-2023, 09:16 AM #7
- Join Date
- Aug 2018
- Posts
- 877
There are a few funders that would take out 1-2 of them. Good luck finding them. I don't like sharing certain weapons of mass funding.
-
10-03-2023, 01:11 PM #8
- Join Date
- Mar 2019
- Posts
- 41
-
10-03-2023, 08:34 PM #9
- 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
-
10-04-2023, 04:21 PM #10
- Join Date
- Mar 2019
- Posts
- 41
Working on a bank loan for long term, but Short Term, we need to clear up merchants cash flow since his daily / weekly MCAs payements are very high. So they plan is to knock out the biggest payments postions first and then swoop in and buy those out with the cheaper bank money.
-
10-10-2023, 10:46 AM #11
- Join Date
- Oct 2023
- Posts
- 2
What kind of business? Would an 18 month term with 16% apr interest your client?
Similar Threads
-
Need a consolidation funder merchant doing 1.2 million a month
By Fundthis! in forum Deal BinReplies: 6Last Post: 09-04-2023, 03:52 PM -
$2.4 million Debt Consolidation and Business Expansion Loan
By Creative Lender in forum Business LoansReplies: 4Last Post: 06-29-2021, 04:20 PM -
Consolidation deal $1.8 million in annual rev
By MCA in forum Deal BinReplies: 7Last Post: 04-12-2020, 12:01 AM -
$1 million Consolidation
By Stiina in forum Deal BinReplies: 11Last Post: 03-20-2016, 11:19 PM -
Trucking Consolidation Deal depositing 1 million a month
By WayUp in forum Deal BinReplies: 8Last Post: 02-19-2016, 07:01 PM