Results 1 to 6 of 6
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04-01-2015, 03:49 PM #1
- Join Date
- Apr 2015
- Posts
- 159
Client needs $200k ASAP
Hi everyone,
I have a client that needs $100k BLOC for working capital, and would like the lender to consider re-financing existing MCA debt in the amount of $90k (decreasing by appx. $1,000/day). Say $200k to be safe.
Please do not follow-up with this unless you believe that there is a very good chance he can get financing from you. To help facilitate that, here are a few key metrics about our client.
Glass and mirror glazing company
In business for 4+ years
Took a loss in 2013, -$82,165
Netted profit of $178,000 in 2014
Revenue growth, 2014 versus 2013: 92.3%
Quick Ratio, 12/31/13: 1.03
Quick Ratio, 12/31/14: 1.28
Quick Ratio (Interim Financials), Q1, 2015: 2.03
Profit (Interim Financials), Q1, 2015: $29,000 (note: Q1 is slowest Q)
Owner is 100% owner, personal credit score just under 650
In my hands I have the following documents:
Sept - Feb, 2015 bank statements
Debt schedule (2 cash advances and an advance repayment owed to Fundbox, around $90k)
2012, 2013, 2014 financials
Q1 2015 Interim Financials
3 Years biz tax returns
1 Year personal tax returns
Again, while we appreciate all inquiries, please do not follow-up unless you in good faith believe that based on these metrics my client will qualify for financing from you. Thanks so much everyone.
E-mail me directly at CapitalPartnerSolutions@gmail.com - this is not the name of my company but an e-mail created specifically for posting to public threads.
THANK YOU!
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04-01-2015, 07:54 PM #2
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
It seems that you already tried qualifying this merchant since you have 95% of the documents that are usually requested... did he get turned down? PM me and let me know if this is moving forward. I can help if you would like.
Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
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04-13-2015, 01:01 PM #3
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
we might be able to help you with this Amanda
Bob
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04-16-2015, 10:22 AM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
If you send the following we can let you know in a few minutes if we can get the deal done. If you're uncomfortable I would be glad to send a broker agreement or sign any non-disclosure document you have.
If the deal can be done it would take 20-30 days to close and fund.
Bob Shaw
734-929-3800
rshaw@advancecredit.com
Debt schedule (2 cash advances and an advance repayment owed to Fundbox, around $90k)
2013, 2014 financials
1 Years biz tax returns
1 Year personal tax returns
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04-16-2015, 09:47 PM #5
- Join Date
- Dec 2014
- Posts
- 91
Lets get a "snap-shot" of the business and go from there. Merchant Source can help need to see in "black and white ". Call Rudy 2 646-757-3000 or email rjames@merchantsourceinc.com
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06-09-2015, 01:07 PM #6
- Join Date
- Jun 2015
- Posts
- 16
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