Consolidate two advances
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  1. #1

    Consolidate two advances

    I have a client who has two advances out currently one for 27k & one for 25k. He does 55k in deposits per months. Looking for 70k total. Pay off the two advances & the rest to purchase inventory. He has good credit. Who could do this type of deal?

  2. #2
    Banned Reputation points: 4530
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    Consolidate two advances

    if his clients are businesses we can do it.

  3. #3
    Give me a call 858-263-1651

  4. #4

    FMC can do it

    Quote Originally Posted by ks0807 View Post
    I have a client who has two advances out currently one for 27k & one for 25k. He does 55k in deposits per months. Looking for 70k total. Pay off the two advances & the rest to purchase inventory. He has good credit. Who could do this type of deal?
    Hello Friend,

    The equity bridge program that my company provides could easily handle this situation. Call me lets chat Sal 516-481-1394

  5. #5
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by ks0807 View Post
    I have a client who has two advances out currently one for 27k & one for 25k. He does 55k in deposits per months. Looking for 70k total. Pay off the two advances & the rest to purchase inventory. He has good credit. Who could do this type of deal?
    $55,000 in deposits, wants $70K (already extremely unlikely), but wants to pay off two advances and net less than $20K?

    that aint gonna happen

  6. #6
    Senior Member Reputation points: 113 MatthewAStucchio's Avatar
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    Quote Originally Posted by ks0807 View Post
    I have a client who has two advances out currently one for 27k & one for 25k. He does 55k in deposits per months. Looking for 70k total. Pay off the two advances & the rest to purchase inventory. He has good credit. Who could do this type of deal?
    If real estate with equity is available for collateral we can take a look at extending term and getting him some cash. No promises though. Shoot me an email or call. Thanks
    Regards,

    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

  7. #7
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    Let me know if you have not found a home. I am a direct lender. This may fit into our wheelhouse if the fellow is not upside down.
    Thanks,

    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com

  8. #8
    Quote Originally Posted by ks0807 View Post
    I have a client who has two advances out currently one for 27k & one for 25k. He does 55k in deposits per months. Looking for 70k total. Pay off the two advances & the rest to purchase inventory. He has good credit. Who could do this type of deal?
    Depending on the daily pulls of the first 2 positions we could consolidate and take at least 1 out.
    Kaitlyn Miller
    ISO Coordinator
    770-617-2377
    KM@SuperiorCapitalfund.com
    http://superiorcapitalfund.com/

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