Results 1 to 4 of 4
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02-26-2015, 06:02 PM #1
- Join Date
- May 2014
- Posts
- 32
engineering company seeking consolidation
Engineering company has three advances out, totaling 150k. Only issue is deposits are average 125k. Daily balances are healthy. Few thousand a day in there average.
Direct lenders only please. And if you can do something, and know you can, please inbox me. If there is a doubt, please do not contact me.
Thanks.
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02-26-2015, 07:40 PM #2
- Join Date
- Jul 2014
- Posts
- 196
engineering company seeking consolidation
I wouldn't bank on consolidating all of them but if the merchant is willing to consolidate one or two of them then it seems more realistic to get done. I just consolidated a merchant who had 5 positions and we were able to consolidate the 2 smaller ones and net him additional funds.
Mike@SamsonPartnersLLC.com
O# 347-492-1801
C# 917-689-1502
F# 718- 304-1163
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02-27-2015, 08:58 PM #3
- Join Date
- Apr 2014
- Posts
- 781
Consolidation of advances happens very seldom. People asking for statements are doing so trying to convince you what they can offer. Position 2 and 3 didnt comsildate means it's not likely.
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03-06-2015, 02:52 PM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
We handle a number of finance vehicles that might consolidate the advances into a 6% loan payable over 10 years. Your client will then be free to take down more advances.
Typical deal for $100,000 loan is $1,100 monthly.
Bob Shaw 734-929-3800
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