Need 1mm invoice factor
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  1. #1
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    Need 1mm invoice factor

    I have a ticket broker who has 2mm in receivables. Needs 1mm cash at a decent rate. Looking for someone to finance the receivables. Does anyone know who's good at this?

  2. #2
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    Who owes him the receivables?

  3. #3
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    Quote Originally Posted by abfunders View Post
    Who owes him the receivables?
    Stubhub, Vivid, Ticketmaster etc.

  4. #4
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    I feel like TVT would like this deal

    Simon Wein
    CEO- Radiance Funding
    P:516.509.9788
    W: Radiancefunding.com
    E:Simon@radiancefunding.com

  5. #5
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    Why Factoring?!?!?! This sounds good for secured financing!
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  6. #6
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    If you can obtain all data that shows that they are cash flowing from an EBIDA standpoint and then hyperfocus on the assets that you can use for secure financing this sounds like a file that might have legs for Secured Financing aka ABL.
    Secondly, if they show enough in top line revenue, gross profit margins, proper debt, proper equity, and have financials in order I could take to my institutional lenders to obtain 1-3Mil in 4-14 business days.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  7. #7
    Quote Originally Posted by CT3 View Post
    I have a ticket broker who has 2mm in receivables. Needs 1mm cash at a decent rate. Looking for someone to finance the receivables. Does anyone know who's good at this?
    call me 732-757-1832

  8. #8
    Member Reputation points: 23 B2csp's Avatar
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    Quote Originally Posted by CT3 View Post
    I have a ticket broker who has 2mm in receivables. Needs 1mm cash at a decent rate. Looking for someone to finance the receivables. Does anyone know who's good at this?
    we can place this for you if you're open to it. Given that he consistently generate AR of over 1M a month. rates below 1% of month LOC

    Let me know.

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