[A1FinCEO]

After the Dec statements come out, my client who owns a large chain of restaurants in California, AZ,NV will want a consolidation of his 3 MCAs equaling about $1.6mill, he wants 2 years minimum. Last funding taken 11-24, Perfect on all payments. 2 owners 740/680 FICOs...Doing $6m/ month across 7 accts. Would like extra cash if possible. Wants great rate too. No Brokers Please, can't dilute comm further. Anybody know of anyone that will pay nice comm on this? Thanks in advance!

[Olderguy]

Holy crap....do these guys qualify for a SBA 7A?

Are they making money?

Does he own any of the restaurants for a real estate loan?

Do they have restaurant equipment that we can do a sale leaseback?

3 MCA's at $1.6M - somebody needs to take the checkbook away from them.

These guys need a financial overhaul to stop this MCA madness.

If they really want to be fiscally responsible, reach out on this.

Another consolidation position taking out 3 is NOT what these guys need....they need help running their business.

[A1FinCEO]

Hi Steve,
Thank you for answering.
I'll address what you wrote in order.
They have numerous SBAs. Yes they're making money but taxes show a loss due to taking on new franchises(fees). No owned RE, else I would've done that. He won't do the equip thing, no major equip anyways. He doesn't want to "be responsible" (who does?) he wants a smaller payment load each month, with the slower months coming. Wants $400K out as well...If you can help do that, and pay handsome commissions on this truly beautiful goldmine of a file, please do so...
Best Regards,
Mark Ayers
President
A1 Financial USA
(909)-930-9159
A1 Financial USA.com

[Yankeeman07]

After the Dec statements come out, my client who owns a large chain of restaurants in California, AZ,NV will want a consolidation of his 3 MCAs equaling about $1.6mill, he wants 2 years minimum. Last funding taken 11-24, Perfect on all payments. 2 owners 740/680 FICOs...Doing $6m/ month across 7 accts. Would like extra cash if possible. Wants great rate too. Anybody know of anyone that will pay nice comm on this? Thanks in advance!

Do them a favor - Have them file for BK - Hire a CFO and maybe they will still be in business in 2 years.

They have several SBA Loans ? See if any of the banks that wrote the loans will provide additional capital.

[abfunders]

Do them a favor - Have them file for BK - Hire a CFO and maybe they will still be in business in 2 years.

They have several SBA Loans ? See if any of the banks that wrote the loans will provide additional capital.

Dave, says that they're defaulting? They're just looking for a consolidation, and they're probably still making money. Not every MCA is a recipe for disaster. Several SBAs don't automatically mean they're going under. Sounds like each location has an EIDL and an SBA. Not unheard of. Mark, there are options with a 740 FICO, just likely not $1.6mm

[Yankeeman07]

Dave, says that they're defaulting? They're just looking for a consolidation, and they're probably still making money. Not every MCA is a recipe for disaster. Several SBAs don't automatically mean they're going under. Sounds like each location has an EIDL and an SBA. Not unheard of. Mark, there are options with a 740 FICO, just likely not $1.6mm

Yes they're making money but taxes show a loss due to taking on new franchises(fees).

This is double speak, they are are not making a profit and if we are to believe all that is posted, they are highly leveraged.

SBA Loans & several MCA's - Additional MCA $$ will push them down further into the rabbit hole.

I agree with you that each location has a EIN , which would make a single consolidation more difficult.
Oh yes, they want better rates and a longer term - Longer term is greater risk for the funder.

[abfunders]

Yes they're making money but taxes show a loss due to taking on new franchises(fees).

I agree with you that each location has a EIN , which would make a single consolidation more difficult.
Oh yes, they want better rates and a longer term - Longer term is greater risk for the funder.

It can actually sometimes make the consolidation easier because they don't have to pay off "every" MCA all at once. Mark, I introduced you to a lender who can at least start to help you on this, and give you direction if not. I'll follow up later on next week to see what happened.

[Olderguy]

Yes they're making money but taxes show a loss due to taking on new franchises(fees).

This is double speak, they are are not making a profit and if we are to believe all that is posted, they are highly leveraged.

SBA Loans & several MCA's - Additional MCA $$ will push them down further into the rabbit hole.

I agree with you that each location has a EIN , which would make a single consolidation more difficult.
Oh yes, they want better rates and a longer term - Longer term is greater risk for the funder.

Sounds like Micah has a potential solution for Mark.

Dave - I have done SBA 7A loans with a tax return losing money....a franchise fee can be factored in as a one time exclusive payment. In addition, you can pull out officer's salaries, depreciation, interest expense to turn a loss into a profit. If the company cash flows, very possible to fund SBA 7A.