Auto sales/ Auto repair - Looking for 3rd
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  1. #1

    Auto sales/ Auto repair - Looking for 3rd

    Auto sales/ Auto Repair

    800 credit 4MM revenue

    1st position 500k 44 weeks 1.22

    2nd Position 400k 44 weeks 1.24

    Looking for 300k+ as a strong 3rd

    MCA ONLY

  2. #2
    Senior Member Reputation points: 226125
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    Who gave him those 1st and 2nd positions? Those are SOLID, was it through a broker?
    I'm assuming the auto repair is the majority of his business?

  3. #3
    Positions were direct with the funders as far as my knowledge. Auto sales is the majority of his business.

  4. #4
    Senior Member Reputation points: 10476
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    Quote Originally Posted by Loading View Post
    Auto sales/ Auto Repair

    800 credit 4MM revenue

    1st position 500k 44 weeks 1.22

    2nd Position 400k 44 weeks 1.24

    Looking for 300k+ as a strong 3rd

    MCA ONLY
    I can take a look at it but i will need most recent tax returns due to most of the business being car sales and see if there is room for a third position. The trm will be 26-30 weeks at most and the rate will not be anywhere near that low as a 3rd positon and being car sales.

    Scott Platto
    scott@tmrnow.com
    tmrnow.com
    212-220-9872

  5. #5
    Senior Member Reputation points: 84403
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    Mar 2014
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    Florida
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    2,926

    Quote Originally Posted by Loading View Post
    Auto sales/ Auto Repair

    800 credit 4MM revenue

    1st position 500k 44 weeks 1.22

    2nd Position 400k 44 weeks 1.24

    Looking for 300k+ as a strong 3rd

    MCA ONLY
    Why MCA Only ?

    If your numbers are accurate they are already in debt for over $1 Million Dollars .
    They are headed for BK if you bury them with an additional MCA.

    They appear to have a need for capital - seek a better solution.
    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

  6. #6
    Quote Originally Posted by Yankeeman07 View Post
    Why MCA Only ?

    If your numbers are accurate they are already in debt for over $1 Million Dollars .
    They are headed for BK if you bury them with an additional MCA.

    They appear to have a need for capital - seek a better solution.
    Thank you for reading my post

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