Insurance Broker grossing 1.2m per year 40k cc over 200 deposits looking for 12 month
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  1. #1

    Insurance Broker grossing 1.2m per year 40k cc over 200 deposits looking for 12 month

    I have an insurance broker looking for a 12 moth or longer advance at a 1.30 or better he has 2 bank accounts main operating account is doing 105 deposits for 40k a month insurance account is doing 120 deposits for 50k a month and he's doing 39k a month in cc. His credit is 568 and filed a bk in June of 14 and withdrew it in August of 2014, shows up as a dismissal. Has an offer right now for 39k at a 1.39 for 12 months. Let me know if you have any interest or can do the deal.

  2. #2
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Have an Insurance Broker Client who has a line BFS in Florida.. They may like that paper

  3. #3
    they do, but bk dismissal has to be 12 months, so they want it in August 2015

  4. #4
    Try calling Isaac Robinson at Oak Street Funding, 317-428-5162. They specialize in funding the insurance industry. If your customer qualifies, you can probably get him money at an APR in the 5-7% range.

  5. #5
    Thanks I have a call scheduled with Scott, Isaac's manager at 4pm already in the pipeline but thanks for the input

  6. #6
    Member Reputation points: 10
    Join Date
    Apr 2015
    Location
    Meriden, Connecticut, United States
    Posts
    14

    I have the perfect investor to handle this account, how much does this merchant bring in a month and what is there average reserve balance? lets get this deal done give me a ring or feel free to email it over ASAP.

    Tel: (860) 890-7220
    Toll Free Fax: 1(844) 279-7010
    Email: Michael@smartseedcapital.net
    Web: Smartseedcapital.com

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