Who funds something like this?
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  1. #1

    Who funds something like this?

    Business in HVAC
    3-3.5M annually in gross receipts
    600 fico score

    Has one position with a reputable lender. Merchant lowered payment over 6 months ago and the lender never asked them to go back on orig. payments. Payments were lowered due to a temporary hardship within the business. Their balance is now 16K. He's now trying to get a deal in the 75-100k range 8+ months and is having trouble finding one that doesn't get killed in final.

    Any ideas on who might jump on this file?

  2. #2
    once they put the payments back to normal for at least 2 weeks id be able to help here
    TMRNOW | A Total Merchant Resources Company
    Ariel Avalos – Iso Relations Manager
    377 Hoes Lane, Suite 240, Piscataway, NJ 08854
    Phone: 347-814-6152 | Email: Ariel@tmrnow.com | Web: www.tmrnow.com

  3. #3
    Senior Member Reputation points: 3493
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    Quote Originally Posted by ONEFUND View Post
    Business in HVAC
    3-3.5M annually in gross receipts
    600 fico score

    Has one position with a reputable lender. Merchant lowered payment over 6 months ago and the lender never asked them to go back on orig. payments. Payments were lowered due to a temporary hardship within the business. Their balance is now 16K. He's now trying to get a deal in the 75-100k range 8+ months and is having trouble finding one that doesn't get killed in final.

    Any ideas on who might jump on this file?

    cfg but the offer wont be crazy

  4. #4
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    Irvine, CA
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    Any equipment we can do cash out on?
    Steve Benjamin
    Professional Business Loans

    522 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
    I can take a look at the file but I am not going out 8 months. My max term is 6 months

    David Z
    Star Capital Solutions
    david@starcapitalsolutions.org
    347-877-5932
    Chief Executive Officer
    14 Wall St
    New York, NY 10005

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