Results 1 to 6 of 6
-
08-10-2015, 12:59 PM #1
- Join Date
- Sep 2014
- Posts
- 83
2- 5 Year Terms Only - 450K Loan Requested - Does 2.5M
Client wants to pay off 3 advances 170k and have total loan of appx $450k
Wants 3-5 Year term
Does Over 2 Million per year....NO CREDIT CARDS.... He is a Distributor
very profitable on P& L as of Aug 2015 $180k profit after add backs
NO NSF
avg daily appx 40k
No Equity in Residence for Collateral
Credit high 600's to low 700's
PM me or respond here......
Thanks
-
08-10-2015, 01:26 PM #2
- Join Date
- Jul 2015
- Posts
- 120
hey Jeff, I can definitely get this deal done for you shoot me an email and lets discuss the deal
Brent@jdmerchantcapitalllc.com
Thanks
BrentBrent Goggins
Business Credit Consultants
ISO Relations Manager
Direct: 518-776-7501
Email: BrentG@bccusa.com
-
08-10-2015, 02:05 PM #3
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
Give Dean Landis a call at Credit Cash, If I recall 2 years is the absolute max but the funding amount wouldn't be a problem not sure what they're take is on stacking.
PM if you need more information.
-
08-10-2015, 03:42 PM #4
- Join Date
- Sep 2014
- Posts
- 83
-
08-10-2015, 03:59 PM #5
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
NP, if they don't pan out I may have another option for you.
Shoot me an email: Isaiah@generalmerchantfunding.comIsaiah Clark
General Merchant Funding
Hartford, CT 06103
-
08-10-2015, 07:05 PM #6jotucker1983Guest
With only $2 million a year in sales, not sure how the client is going to be able to generate a $450,000 approval? The client might be capped at $100,000 - $140,000 in approval which means he won't even generate one high enough to pay off the advance balances.
Similar Threads
-
Roofing Co. Looking for 5-700K Term Loan. Does $6M/year Avg. $2.6M in Assets
By Fundyman in forum Deal BinReplies: 11Last Post: 04-16-2018, 08:10 AM -
Recycling Company 5M per year 710 FICO Looking for a Term Loan
By wallerbusiness in forum Deal BinReplies: 13Last Post: 12-10-2015, 10:36 PM -
Rob Buchanan of InfoGroup review requested
By Moneyformerchant in forum Business LoansReplies: 21Last Post: 08-12-2015, 03:46 PM -
Need Commercial Real Estate Loan 250K Looking For 15 Year Term - Excellent Credit
By Big Papi in forum Deal BinReplies: 0Last Post: 06-08-2015, 10:40 AM