[FFunding]

Title sums it up...pretty much the perfect merchant minus the FICO. 3M+ a month manufacturing business. massive ADBs, TRs and financials all look great. The rub is the owner is going through a divorce and the exwife hammered the credit (that's the story anyways). Have struck out everywhere based on credit alone. Looking for $500k

Any reputable lenders with a proven track record of doing a deal like this?? Invoice factoring could be an option as well...

[Olderguy]

Reach out to Nancy Kalman

They usually need 600 Fico but if there is a story, they will look at it for factoring.

Nancy Kalman| Senior Business Development Officer
NancyKalman@ucfunding.com
United Capital Funding
401 North Michigan Ave, Suite 1200, Chicago, Illinois 60611
(312) 560-7600 - Cell

I can do cash out hard money on property 10 year I/O - commercial, NOO SFR's, etc. at 50% loan to value no minimum Fico score.

I can also look at asset based lending...

[Kevin Henry-Seacoast]

We would be happy to review.

[abfunders]

Title sums it up...pretty much the perfect merchant minus the FICO. 3M+ a month manufacturing business. massive ADBs, TRs and financials all look great. The rub is the owner is going through a divorce and the exwife hammered the credit (that's the story anyways). Have struck out everywhere based on credit alone. Looking for $500k

Any reputable lenders with a proven track record of doing a deal like this?? Invoice factoring could be an option as well...

Considering that invoice factoring has less to do with the credit of the client vs and only entirely based on the credit of the clients that he is billing, since they are the creditors, there are probably a dozen invoice factors that could and would do this. Who have you tried? Is there no senior debt already?

[abfunders]

We would be happy to review.

See, Kevin said he'd review it, and he's probably one of the only actual LENDERS on the board.

[Incbiz440]

Title sums it up...pretty much the perfect merchant minus the FICO. 3M+ a month manufacturing business. massive ADBs, TRs and financials all look great. The rub is the owner is going through a divorce and the exwife hammered the credit (that's the story anyways). Have struck out everywhere based on credit alone. Looking for $500k

Any reputable lenders with a proven track record of doing a deal like this?? Invoice factoring could be an option as well...

2x on the factoring and a cash out deal if he has real estate with equity or unencumbered equipment.

[Kevin Henry-Seacoast]

See, Kevin said he'd review it, and he's probably one of the only actual LENDERS on the board.

Thanks Micah. Depending on how the company financials look and the receivables, we could possibly offer a ledgered receivables facility.

[FFunding]

Thanks for the input fellas.

@Kevin - can I reach you direct at 561-850-9346?

[closer129]

Title sums it up...pretty much the perfect merchant minus the FICO. 3M+ a month manufacturing business. massive ADBs, TRs and financials all look great. The rub is the owner is going through a divorce and the exwife hammered the credit (that's the story anyways). Have struck out everywhere based on credit alone. Looking for $500k

Any reputable lenders with a proven track record of doing a deal like this?? Invoice factoring could be an option as well...

Is he stuck on 500k. If the tib and daily balances are good and depending on what we see on the credit I might be able to offer a short term starter program and better the terms as he pays back and fixes his credit. My first position renewals are a true add on that works a little like a line of credit in a way.


Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872

[Kevin Henry-Seacoast]

Thanks for the input fellas.

@Kevin - can I reach you direct at 561-850-9346?

Yes-That is my direct