500k average monthly gross, needs to consolidate.
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  1. #1

    500k average monthly gross, needs to consolidate.

    Borrower came to us with 4 positions owing $390k, paying about $4,800 per day. Would like to consolidate these positions.

    Banks are good, credit is solid as well. Grosses about $5MM per year.

  2. #2
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    500k average monthly gross, needs to consolidate.

    We funded a merchant 800k paying off 350k netting them 450k. Their credit was around 760 and they were grossing around 21million a year. I know the client is only grossing 5mill a year but I can see if we could consolidate all or maybe knock 2 or 3 out. If you'd like to discuss further please feel free to contact me.


    Mike@SamsonPartnersLLC.com
    O# 347-492-1801
    C# 917-689-1502

  3. #3
    We consolidate positions all the time and the client does not have to net any minimum percentage. We will require real estate as collateral for a consolidation deal. Does the merchant have real estate we can use as collateral?

    Chris Pepe
    Vice President
    World Business Lenders, LLC

  4. #4
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    500k average monthly gross, needs to consolidate.

    Miller- email me and I will send you information... Admin@sendto.capital
    Amanda Kingsley
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    This is me. https://www.facebook.com/whoiskingsley
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    Always Live and Lead with Integrity.

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