Consolodation
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  1. #1
    Senior Member Reputation points: 47257
    Join Date
    Apr 2013
    Location
    Basalt CO
    Posts
    867

    Consolodation

    Hi,
    I have a merchant took around $350k in advances, balances are close to $200k. he is making weekly payments of around $14k, banks are ok.
    He wants to consolidate to try and get his payments lower.

    I have been funding this merchant for over 15 years, and I syndicate or do 100% of the funding myself.

    He has no real estate to leverage.

    Let me know if you have any suggestions.
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

  2. #2
    Senior Member Reputation points: 14313
    Join Date
    Apr 2020
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    120

    Whats the credit?

  3. #3
    Senior Member Reputation points: 81657
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,876

    Quote Originally Posted by skideeppow View Post
    Hi,
    I have a merchant took around $350k in advances, balances are close to $200k. he is making weekly payments of around $14k, banks are ok.
    He wants to consolidate to try and get his payments lower.

    I have been funding this merchant for over 15 years, and I syndicate or do 100% of the funding myself.

    He has no real estate to leverage.

    Let me know if you have any suggestions.
    Within the past 15 years, you could not move this merchant into a better capital acquisition product?

    You have made a decent commission over the years. Look at a SBA Express ( a possibility)
    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

  4. #4
    Senior Member Reputation points: 68639 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,161

    asset based lending review..

    A/P
    Inventory
    Equipment
    cash flow?

    Personal loan
    Heloc on primary if owned

    Reach out
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  5. #5
    Senior Member Reputation points: 16429 fundinggrasshopper's Avatar
    Join Date
    Jun 2022
    Location
    NYC
    Posts
    189

    Quote Originally Posted by skideeppow View Post
    Let me know if you have any suggestions.
    with the info u have provided & assuming its a clean deal i would start with IOU & Biz2Credit
    if it is 2 positions 450k buyout should be there

  6. #6
    Senior Member Reputation points: 66673
    Join Date
    Jul 2017
    Posts
    545

    Quote Originally Posted by skideeppow View Post
    Hi,
    I have a merchant took around $350k in advances, balances are close to $200k. he is making weekly payments of around $14k, banks are ok.
    He wants to consolidate to try and get his payments lower.

    I have been funding this merchant for over 15 years, and I syndicate or do 100% of the funding myself.

    He has no real estate to leverage.

    Let me know if you have any suggestions.
    Congrats for running a deal for that long. That is pretty impressive.

  7. #7

  8. #8
    Member Reputation points: 453
    Join Date
    Oct 2022
    Location
    Long Island
    Posts
    53

    PM me
    Ben K
    Fratello Capital
    Direct Funder
    Underwriting@fratellocapital.com
    www.fratellocapital.com
    212-464-8108
    NO ORIGINATION FEES!

  9. #9
    We can price this out for a reverse. Get in touch.

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