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07-30-2024, 04:11 PM #1
- Join Date
- Apr 2013
- Posts
- 363
Consolidation Needed for 2 of 4 balances...
Thanks in advance for recommendations:
Merchant averaging $475,000 over last 3 months.
Has four balances totaling $350,000.
Lowest two balances are $60,000 and $55,000 respectively, down each about $5K by end of week.
Currently at a 32% draw on revenue. Looking to sub out at least the two lower balances.
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07-30-2024, 04:28 PM #2
Does this merchant qualify for something better than 4 positions at 7.5% of revenue?
Taking out positions with positions?
And he has cash flow issues?
How are the financials?
Any assets, real estate we can use?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.
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07-30-2024, 07:11 PM #3
- Join Date
- Aug 2018
- Posts
- 897
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Yesterday, 04:09 PM #4
- Join Date
- Jun 2024
- Location
- Montvale, NJ
- Posts
- 9
(347) 699-1140
ashley@mintfunding.com
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