Who can buy out $150k balance?
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  1. #1

    Who can buy out $150k balance?

    Which direct lenders are willing to buy out a balance of about $150k if the client qualifies for enough? These days alot of sources have a max buyout of $50-80k. Client is a manufacturer averaging about $290k/month. Looking to replace their 1st (and only) position.

  2. #2
    Senior Member Reputation points: 49940
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    PM sent

  3. #3
    I will give it a shot, email me.
    brandon@modernfundingadvisors.com

  4. #4
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by Vfunding View Post
    Which direct lenders are willing to buy out a balance of about $150k if the client qualifies for enough? These days alot of sources have a max buyout of $50-80k. Client is a manufacturer averaging about $290k/month. Looking to replace their 1st (and only) position.
    Not a direct lender but could get done just paid off a 120k balance last week. If the numbers work the size of the balance wont matter. Email or PM me for more info
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  5. #5
    If your client has real estate or is interested in an equipment re-lease PM me. Much better terms for the merchant
    Last edited by fundit; 02-02-2015 at 04:59 PM.

  6. #6
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    They may qualify for a SBA loan that closes within 30 days at 6% APR and a ten year payback.

  7. #7
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    While that is significant revenue the question is whether or not the business is solvent. If it is there are several (SBA, ABL, Term and Business LOC) solutions that will diminish your clients debt service and allow him to be more profitable.. Touch base if you would like our assistance..

    Richard 516 510 3855

    www.businesscapitalconsultants.com

  8. #8
    For medical deals reach out to James Graydon at ProMED Healthcare Financing, 631-468-6325. They fund from hospitals to private practices and everything health/medical in between.

    Quote Originally Posted by Vfunding View Post
    Which direct lenders are willing to buy out a balance of about $150k if the client qualifies for enough? These days alot of sources have a max buyout of $50-80k. Client is a manufacturer averaging about $290k/month. Looking to replace their 1st (and only) position.

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