Results 1 to 9 of 9
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11-16-2023, 12:21 PM #1
- Join Date
- Sep 2023
- Posts
- 16
200-300k/m/ Neg history/ high deposit vol./looking for 1st
I have a merchant in manufacturing that does about 200-300k/m avg. Stacked through the roof a wile back that forced a default. Looking to build back lending history. Any suggestions for a first? TIA
Shoot me an email,
alex@teamsscap.com
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11-16-2023, 12:26 PM #2
- Join Date
- Oct 2022
- Posts
- 280
This sounds like my type of file.
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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11-16-2023, 12:38 PM #3
Never a garbage bin icon around when you need one Elon...
Get accounting services team involved to clarify the financials and work towards fixing them
We can look at asset based lending
A/R aging
Review A/P
Inventory
Equipment
Any property
Fiancially restructure to get them where they need to go.
Would/Could take several steps or phases...
Reach out....we need to see the full picture and have accounting services look at all the financials to point you in the proper direction.Last edited by Olderguy; 11-16-2023 at 12:42 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.
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11-16-2023, 12:52 PM #4
- Join Date
- Feb 2019
- Posts
- 209
You seem to pitch financial transformation services a lot. Do you have a concrete plan on how to make money?
Unless you are doing it in-house, its a lot of money spent before a broker makes money & then you have a slew of hurdles that you need to pass to get paid.
Its a very profitable strategy if you actually understand the strategy behind it
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11-16-2023, 12:59 PM #5
- Join Date
- Sep 2023
- Posts
- 16
Credit is low here.
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11-16-2023, 01:02 PM #6
- Join Date
- Feb 2017
- Posts
- 3,428
If the UCCs are out and the MCAs are finished, and there's no factor in first place, get a factor in there. A factor is basically a self-dissolving LOC
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11-16-2023, 01:18 PM #7
It's gets them in the door so we can do multiple types of instruments to help them run their businesses.....equipment, term loans, real estate, factoring, etc. And it can be concurrent to get them immediate cash like ABL instead of just MCA.
I am a bit unique as I don't have any debt, don't need to worry about money or overhead and don't need to make decisions on how much I can make on a deal, but do what is in the best interests of the client.
And yes you don't make any money to speak of on accounting services but that's the direction this industry will be evolving into....
It's an overseas team....might cost a minimum of $2,500 a month...we get 10% to split...but it's renewal every month and it leads to bigger opportunities.Last edited by Olderguy; 11-16-2023 at 01:26 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.
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11-16-2023, 01:19 PM #8Steve 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.
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11-17-2023, 10:33 AM #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
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