Results 1 to 6 of 6
Hybrid View
-
10-24-2023, 03:37 PM #1
- Join Date
- Sep 2023
- Posts
- 18
400k/m wholesale / 5-10 deposits/ California
Looking for a lender that would come in as 1st position. Consistent 400k/m. Only 5-10 deposits avg.
-
10-24-2023, 03:52 PM #2
- Join Date
- Feb 2017
- Posts
- 3,450
Factoring would be the best, just not the fastest. Long term pays the best also. However, requires first position UCC.
Bluevine (if you have a link, you don't need a lenders license), easiest sale
There are a few CA brokers that will superbroker you with Credibly, IOU or Ondeck I'm sure
Did you try PIRS?
Do they already have first position debt?
-
10-24-2023, 04:06 PM #3
- Join Date
- Sep 2023
- Posts
- 18
Recently paid a first position off.
-
10-24-2023, 04:12 PM #4
- Join Date
- Dec 2022
- Posts
- 67
I would send to Channel first, then Rapid Can and Fora.
-
10-24-2023, 04:38 PM #5
- Join Date
- Nov 2019
- Posts
- 685
If they have strong daily balances i should be able to get that done. I will need tax returns do to the size of the deal and wholesalers profit margins are not that high so we need to see what the revnue is and what they can afford. My first position deals work kind of like a line of credit as well.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
-
10-24-2023, 08:14 PM #6
- Join Date
- Oct 2022
- Posts
- 291
What industry?
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
Similar Threads
-
California merchant doing 400k a month
By Fundthis! in forum Deal BinReplies: 15Last Post: 10-23-2023, 04:12 PM -
Company with a $400K city contract only $10k deposits needs $40k
By mike@ubcfunding.com in forum All Other LendingReplies: 0Last Post: 09-26-2019, 10:01 PM -
dental office 200k monthly deposits but has 400k in tax liens on payment plan
By Sachip24 in forum Deal BinReplies: 10Last Post: 12-11-2018, 04:59 PM -
500k in deposits - 400k available balance consistently
By showtime73 in forum Merchant Cash AdvanceReplies: 8Last Post: 02-13-2018, 08:15 PM -
Retailer with 400K deposits over past 6 months; one bad month due to bank switch
By Fundyman in forum Deal BinReplies: 5Last Post: 06-01-2015, 01:55 PM