Merchant has great credit and 50K biz equipment collateral. Cash flow not impressive
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  1. 02-04-2015, 03:32 PM #1
    bostriba
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    Merchant has great credit and 50K biz equipment collateral. Cash flow not impressive

    I have a merchant that has just over 50K in business collateral and has a credit score over 700. The issue is that his recent bank statements are not impressive and so he wants to steer away from using those statements for purposes of funding or loan. He seeks 15-20K. Any ideas?
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  2. 02-04-2015, 07:56 PM #2
    IKorie
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    You are going to want to get a loan off the 50k equipment. Than do some Gap Funding. If you do some Gap Funding based off the credit score you can get some great cash. The deal may take a little longer(7-10 days) but you can make it work. Let me know if you need some more details and/or help.
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  3. 02-06-2015, 11:42 AM #3
    bdshaw
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    How old and a description of the equipment please. He may qualify for a three year lease.
    Bob Shaw
    734.929.3800
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  4. 02-15-2015, 12:39 PM #4
    lilru911
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    what type of equipment how old ? bottom line is we need to talk do an app . Rudy 678-499-7804
    rudyj911@gmail.com or upwardmotionfinacial@gmail.com
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  5. 02-24-2015, 11:40 AM #5
    GoSwipe2
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    Call me I can do this deal. 646-604-9170
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