[phunder]

Hey guys,

Have a merchant with multiple related businesses. Has 4 positions across all of them. His cashflow is taking a beating, and he's extremely interested in pursuing a reverse. The problem is, each position is under a different entity.

Would any reverse lenders touch this?

[Olderguy]

Does your client have any assets to do ABL?
equipment free and clear?
Real Estate with equity?
4 positions in multiple entities - he needs to hire a remote CFO.

[phunder]

Merchant has none of those unfortunately, also has too low TIB to pursue an SBA 7(a) loan. As things look right now, reverse seems to be the only options here.

[SBF]

How long is TIB, what is the industry and what is the Experian FICO score?

[Cash Advance Kid]

Is revenue down? seems like they need to use their reconciliation provision, not take another position.

[Zonefund]

Are they all different eins? Are they all different biz types?

[phunder]

All different EINs, all same biz type (medical). FICO is 740 but TIB is just under 2 years so SBA isn't super realistic. Rev is solid, not looking to add another position but hoping I can get a reverse offer.

[Zonefund]

All different EINs, all same biz type (medical). FICO is 740 but TIB is just under 2 years so SBA isn't super realistic. Rev is solid, not looking to add another position but hoping I can get a reverse offer.

If the balances meet their guidelines, if i were you, id fund em each at gfe throttle and arena funding. If u submit them all to one funder they make think there's too much bs going on. These guys would give the best savings w/ the lowest rates.

[Tom Aronov]

Send it over to us at Throttle Funding we'll take a look at what can be done

Submissions@throttlefunding.com
Tom@throttlefunding.com