Deal Needs a Home
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  1. #1

    Deal Needs a Home

    Hi Guys,

    New independent ISO looking to introduce himself and get a deal funded. I've got a IT company in Texas that's been around 17 yrs.

    They want $100,000 and pay back $125,000 over 12 months.

    They're doing $100,000/month. They were doing $300,000/month the past couple of years but the CFO and another employee defected and took a lot of clients with them. At the same time they opened
    a data center in Chicago. They want the money to develop sales efforts and catch up on a few payables.

    I know it's a stretch considering the current revenues, but I want to know if there's a direct lender out there that can work with this. They'll close with these terms, but if somebody can come close I can
    try to get them to move. Let me know if someone out there is willing to work with this. Already have an offer on the table for $65k, $85k payback 6-8months
    Last edited by Better Business; 01-27-2015 at 07:34 PM.

  2. #2
    Member Reputation points: 27 CherylSuperior's Avatar
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    Deal Needs a Home

    If they are doing $100k, they are not going to get $100k and certainly not for 12 months at a 1.25. If you have offer for $85K, chances are that is the best you're going to get.
    Cheryl Tibbs
    Superior Capital
    ISO Account Manager
    Direct: 678-435-9743
    Fax: 817-665-3819

  3. #3
    Member Reputation points: 27 CherylSuperior's Avatar
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    Deal Needs a Home

    Ok I see you got $65 with 85 payback. I misread. I'd suggest Rapid for a bit higher than $65k.
    Cheryl Tibbs
    Superior Capital
    ISO Account Manager
    Direct: 678-435-9743
    Fax: 817-665-3819

  4. #4

  5. #5
    Senior Member Reputation points: 11553 Eagle Funding's Avatar
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    Give me a call in the morning 718 316 3323, I want to learn a little more about this deal or email me at allen@trustcapitalfunding.com

  6. #6
    Senior Member Reputation points: 49940
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    PM sent

  7. #7
    Sponsor Reputation points: 126 freddy's Avatar
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    I would love to hear what you got there as well - feel free to email me freddy@bccfund.com Hey Cheryl!
    Freddy Zalta
    President
    Cash Crunch Advance, LLC
    Direct 1-888-275-1090
    freddy@cashcrunchadvance.com

  8. #8
    Member Reputation points: 84 arielp's Avatar
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    if they are willing to put up some collateral i could probably get them the 85k-100k
    Ariel Perez-Palma
    Finance Specialist

    World Business Lenders
    81 Market Sq.
    Suite 7
    Newington, CT 06111

    Direct: (860) 436-4963
    Cell: (203) 600-4221
    Fax: (646) 924-3632
    Email: aperez@wbl.com
    Web: www.wbl.com

  9. #9
    Senior Member Reputation points: 1072 SupremeCapitalGroupinc's Avatar
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    Quote Originally Posted by Better Business View Post
    Hi Guys,

    New independent ISO looking to introduce himself and get a deal funded. I've got a IT company in Texas that's been around 17 yrs.

    They want $100,000 and pay back $125,000 over 12 months.

    They're doing $100,000/month. They were doing $300,000/month the past couple of years but the CFO and another employee defected and took a lot of clients with them. At the same time they opened
    a data center in Chicago. They want the money to develop sales efforts and catch up on a few payables.

    I know it's a stretch considering the current revenues, but I want to know if there's a direct lender out there that can work with this. They'll close with these terms, but if somebody can come close I can
    try to get them to move. Let me know if someone out there is willing to work with this. Already have an offer on the table for $65k, $85k payback 6-8months

    We can get you a 1.27 at 10 to 12 months. Email info@supremecapitalgroup.com or 855 445 9719

  10. #10
    If the credit is 650+ I can secure a 12 month - 18 month deal in the range of 1.25 - 1.36. Feel free to PM me to discuss the deal.

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