Results 1 to 4 of 4
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06-22-2015, 11:58 PM #1
Construction Company Needs 65K ASAP Monthly or Weekly Payments Avg 8 Neg. Days/month
This merchant has FICOs in the mid 600s, but is turned off by typical cash advances because it doesn't give him the chance to get paid before repaying.
Looking for 65K with an option for longer terms than just 6-8 months, so that payments be manageable.
Business does $500K in yearly revenue.
Down side of the deal is there are average of 8 negative days a month, so that's not a Daily ACH-friendly file.
Would need either monthly or weekly ACH or term loan program with longer terms (if there is one out there!)
If you can work with such a scenario, PM me. Direct lenders only, please.
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06-23-2015, 08:59 AM #2
- Join Date
- Jun 2014
- Posts
- 59
I think Factoring would be a better option for this business.
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06-23-2015, 10:58 AM #3Regards,
Matthew A. Stucchio
Associate
World Business Lenders, LLC
120 W. 45th St.
5th & 29th Floor
New York, NY 10036
Main: (212) 293-8200
Direct: (212) 220-6018
Fax: (646) 417-7161
Email: Mstucchio@wbl.com
www.WBL.com
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06-23-2015, 02:23 PM #4
- Join Date
- Mar 2015
- Posts
- 42
Go over to loanme.com they do monthly
Term product simple interest 1-5 year term he only pays for time he uses the money
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