Results 1 to 11 of 11
Hybrid View
-
08-18-2015, 04:48 PM #1
- Join Date
- Aug 2015
- Location
- NYC
- Posts
- 3
Lots of revenue but lots of MCA loams
Hi all,
Trying to find a home for a deal.
Freight company in GA doing about $6 mil per year in revenue with a plethora of strong and steady contracts for months and months of future work. They have 8 outstanding mca loans paying $7,709 daily and total payoff of $1,076,000. 660 FICO score. They have never gone nsf and continue to grow their business despite the mcas.
They are looking to consolidate all mcas into one payment.
I have all supporting financials if needed.
Thanks
Sean
631-827-3847
-
08-18-2015, 04:53 PM #2
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 300
Lots of revenue but lots of MCA loams
I can't wait to hear the feedback from the group on this one. I'm going to grab a cocktail and watch this thread! 8 positions and $1MM outstanding balances should be a slam dunk!
-
08-18-2015, 04:54 PM #3
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Freight co.
We may be able to help them out by using an ABL in combination with another financial instrument and we pay the highest commissions in our industry, bar none. Do they have any other debt besides the advances?
Bob Shaw
734.929.3800
rshaw@advancecredit.com
-
08-18-2015, 05:57 PM #4
Like Sigmund said, this deal looks like a slam dunk indeed! $500K per month would allow us to provide between $1MM and $1.5MM, and with that kind of revenue you can bet this client has collateral.
SLAM DUNK! Give me a call Sean, I'd love to discuss this one with you.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
-
08-21-2015, 11:36 AM #5
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Good morning, Let me know if you are still looking for a lender to consolidate. I just consolidated 8 MCAs for a client two weeks ago that had $1.2M in outstanding balances. I am a direct lender. If the numbers work and we can prove the client can afford the payments, it is doable. Unsecured, twelve month payback. We have north of $1M in similar loans in the pipeline right now. Please reply to dan@fundingstrategypartners.com or call direct at 303-938-8280. Thanks.
-
08-18-2015, 08:55 PM #6
- Join Date
- Jun 2015
- Posts
- 3,327
Do the financials still show profit with the 8 advances factored in ?
-
08-18-2015, 09:11 PM #7
- Join Date
- Aug 2015
- Location
- NYC
- Posts
- 3
Yes they do. I have been speaking with Zachary- he was so helpful. If our deal with him has no legs I will reach out to you.
-
08-19-2015, 09:33 AM #8
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,513
Seanquinnn,
Please send information on this. Kevin.Henry@SeacoastBF.com We are a direct lender. 561-623-1872
-
08-19-2015, 09:50 AM #9
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
If they have a own a home (don't need it as collateral) you can get pricing around 1.36-1.45 over 24 months. PM
-
08-21-2015, 10:31 AM #10
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Good morning, Let me know if you are still looking for a lender to consolidate. I just consolidated 8 MCAs for a client two weeks ago that had $1.2M in outstanding balances. I am a direct lender. If the numbers work and we can prove the client can afford the payments, it is doable. Unsecured, twelve month payback. We have north of $1M in similar loans in the pipeline right now. Please reply to dan@fundingstrategypartners.com or call direct at 303-938-8280. Thanks.
-
08-25-2015, 11:42 AM #11
This sounds very doable! Shoot me an email and we can discuss it further.
Michael Jagiello
Director of Client Acquisitions
Blue Granite Funding LLC
mjagiello@bluegranitefunding.com
1(718)873-6407 Cell
1(917)791-8911 Fax
Similar Threads
-
Need a partner for my revenue based deals
By Thomas in forum Deal BinReplies: 5Last Post: 08-12-2015, 10:21 AM -
Credi 700+, annual revenue $500k+
By mca123 in forum Deal BinReplies: 8Last Post: 12-30-2014, 03:28 PM -
Medical Clinic $600K in revenue
By mca123 in forum Deal BinReplies: 5Last Post: 11-07-2014, 05:22 PM -
2nd Position Restaurant Lots of Negative Days in 1 month out of 4
By danra in forum Deal BinReplies: 2Last Post: 07-31-2014, 07:24 PM -
Advice of revenue split on CC processing
By Ocean Financing in forum Merchant Cash AdvanceReplies: 5Last Post: 06-23-2014, 12:39 PM