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02-12-2024, 10:03 AM #1
- Join Date
- Oct 2020
- Posts
- 129
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?
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02-12-2024, 10:18 AM #2
- Join Date
- Feb 2017
- Posts
- 3,426
Who owes him the receivables?
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02-12-2024, 10:21 AM #3
- Join Date
- Oct 2020
- Posts
- 129
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02-12-2024, 10:23 AM #4
- Join Date
- Aug 2019
- Posts
- 163
I feel like TVT would like this deal
Simon Wein
CEO- Radiance Funding
P:516.509.9788
W: Radiancefunding.com
E:Simon@radiancefunding.com
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02-13-2024, 02:31 AM #5
- Join Date
- Oct 2022
- Posts
- 280
Why Factoring?!?!?! This sounds good for secured financing!
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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02-13-2024, 06:25 AM #6
- Join Date
- Oct 2022
- Posts
- 280
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
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02-13-2024, 02:34 PM #7
- Join Date
- Jan 2024
- Posts
- 26
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02-14-2024, 12:53 PM #8
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