Large full service Florist needing a consolidation.
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  1. 08-04-2015, 12:40 PM #1
    Mahorney
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    Large full service Florist needing a consolidation.

    Merchant does about $900,000 annually. Has a first position balance of 109k, a 2nd position of 32k and a 3rd position of 27k. Currently paying $1241 daily. Had a bank loan approval for $400k but waiting till late October or early November. Owners FICO is 630+. Looking to net 20-25k and payback over 1 year or slightly longer. Would probably renew next June. At 1.38 payment would be around 1000/daily.
    Thanks, Tim 937-479-4046
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  2. 08-04-2015, 12:46 PM #2
    Chambo
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    merchant does $75K a month, but has $168K in outstanding balances...and wants to consolidate and net something?

    am I missing something here?
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  3. 08-04-2015, 12:58 PM #3
    Zach
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    If this client has real estate they can pledge, we can fund this deal up to $~225K.

    Give me a call and we can discuss.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801
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  4. 08-04-2015, 02:42 PM #4
    Montague
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    Whenever i see someone say a florist i always think about that merchant who defrauded the MCA industry. Or else my memory is totally cloudy and i'm thinking of something else.
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  5. 08-04-2015, 02:46 PM #5
    Mahorney
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    Quote Originally Posted by Montague View Post
    Whenever i see someone say a florist i always think about that merchant who defrauded the MCA industry. Or else my memory is totally cloudy and i'm thinking of something else.
    Not this guy.
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  6. 08-04-2015, 02:47 PM #6
    Mahorney
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    Unusual situation- but its done.
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