Quote Originally Posted by Businesscap View Post
Looking for Consolidation Loan/Advance. Payroll Financing Solutions could not do because business is in California.

Restoration/General Contractor-California, 2.75 yrs in biz., brick and mortar location

Existing MCA/loan Balances

QB Balance $10,000 approx. $310.42 per day
YS Balance $10,000 approx. $699.00 per day
Pearl Balance $10,000 approx. $433.00 per day

Gross Annual: $1,200,000
Bank Statements: 0 neg. days/1 NSF DEC 2014, 1 neg. days/3 NSF Nov. 2014
Credit: 585 middle Fico, but looks better than score, no judgements, liens or collections, 5 open active and current trades

Merchant does not need money, just consolidate learned his lesson the hard way and no longer wants to stack (good for him) just wants 8 months or better term and factor.

We are looking for 8 month term or better, 1.38 factor paying commish of 8-10

Lenders/Funders only no brokers/iso's please

If not possible than only other option is to have him wait till he clears out YS and Pearl
We can go out 8- 12 months on this deal and pay off all advances in the ballpark of that pricing but the file must be fully secured (free and clear vehicles/equipment or real estate (65%CLTV))We can possibly offer a weekly as well, once again if deal is fully secured. Pays up to 8 pts. Contact me to discuss.

World Business Lenders
Matthew A. Stucchio
212 220 6018
Mstucchio@WBL.com