engineering company seeking consolidation
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  1. #1

    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.

  2. #2
    Senior Member Reputation points: 64
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    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

  3. #3
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    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.

  4. #4
    Banned Reputation points: 4530
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    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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