Results 1 to 9 of 9
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01-20-2015, 05:07 PM #1
- Join Date
- Mar 2013
- Posts
- 25
Consolidating MCA/BCA/Business Loan Balances
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
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01-20-2015, 05:15 PM #2
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
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01-20-2015, 05:33 PM #3
Rapid might be able to consolidate that too....without the securitization
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01-20-2015, 05:34 PM #4
please keep these type of requests in the deal bin
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01-20-2015, 05:53 PM #5
- Join Date
- Sep 2014
- Posts
- 720
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01-20-2015, 09:29 PM #6
Consolidating MCA/BCA/Business Loan Balances
email me wmurphy@everlastingcapital.com
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01-28-2015, 09:48 PM #7
- Join Date
- Jan 2014
- Posts
- 283
Wow, your client is getting KILLED!!! I think i can actually do this but it may be an 8-10 month term....Factor rate sounds doable though.I AM a Broker but I do lots of consolidations and have the relationships in place. PM me if you are interested, I am sure we can work out something.
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02-17-2015, 06:00 PM #8
- Join Date
- Oct 2014
- Posts
- 56
Pay off a number advances and the net the mercherant 50 percent
We will provide an offer and pay off existing advances up to 50% of the offer amount. This not only consolidates the merchant's existing advances into 1 but also brings their daily payments down significantly.
For example a merchant that qualifies for 50k and currently has 2 balances of 15k and 10k could consolidate those 2 advances by having us pay off the advances and still net 25k
Steven Kamhi
Phone 516-444-3499
Cell -516-314-6887
Fax 1-516-765-9184
STEVENK@NULOOKCAPITAL.COM
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02-17-2015, 06:09 PM #9
- Join Date
- Oct 2014
- Posts
- 56
[Q
Steven Kamhi
Phone 516-444-3499
Cell -516-314-6887
Fax 1-516-765-9184
STEVENK@NULOOKCAPITAL.COM
UOTE=Businesscap;16789]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[/QUOTE]
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