Results 1 to 8 of 8
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07-01-2015, 06:46 PM #1
- Join Date
- Aug 2014
- Posts
- 72
Looking for lender to take out a 2nd position
I've got a merchant who has 3 positions. Banks are strong and can handle it comfortably.
I've gotten them to agree to not stack anymore and let the advances pay-off in the next few months. However, they would like to obtain some capital now but really don't want to increase their daily output. My thought was to perhaps take out the second position and put it on a 6 month turn whereas it matures with the remaining advances.
Deposits are $1.3MM per month, high average daily.
WBL Disclaimer: No, there isn't collateral available.Last edited by Miller192; 07-01-2015 at 09:20 PM.
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07-01-2015, 06:58 PM #2
- Join Date
- Nov 2013
- Posts
- 600
What are their balances with each position? Not many lenders will payoff a high individual balance.
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07-02-2015, 08:42 AM #3
- Join Date
- Feb 2014
- Posts
- 27
try financingsolutionsnow.com
Formally payroll financing solutions they do a lot of debt restructuring with clients in multiple positions. 973-917-2012 Stefani www.financingsolutionsnow.com
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07-06-2015, 12:18 PM #4
- Join Date
- Apr 2015
- Posts
- 188
Shoot me an email and talk nathaniel@vanduraconsultant.com
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07-06-2015, 03:18 PM #5
- Join Date
- Jun 2015
- Location
- New York
- Posts
- 68
please contact me @
Lmangiameli@lexgf.com
646 556 6669
Thanks
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07-06-2015, 03:26 PM #6
- Join Date
- Jul 2015
- Location
- San Diego California
- Posts
- 25
Give me a call (619) 727-6012 Jesus @ Trade capital finance
Jesus Infante
Account Executive
619.592.8000 ext. 409
619.727.6012
“Developing Your Company’s Growth And Success Is Our Goal”
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07-07-2015, 12:47 PM #7
- Join Date
- Jul 2015
- Posts
- 14
Absolutely.
Send me an email.
lconnell@yellowstonecapllc.com
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07-09-2015, 01:49 PM #8
We often payoff existing positions. Generally we consolidate so long as the merchant can net about 40%. I am sure we can do something here depending on the individual balances.
Kaitlyn Miller
ISO Coordinator
770-617-2377
KM@SuperiorCapitalfund.com
http://superiorcapitalfund.com/
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