Results 1 to 3 of 3
Hybrid View
-
09-24-2015, 11:48 AM #1
- Join Date
- Jan 2015
- Posts
- 77
Government Contractor Looking to consoldate
Wants to consolidate debt looking for $275-420 needed to payoff advance
22 years in Business
690
Total Assets - $1,390,000
Total Liabilities - $1,160,000
2014 Tax Return shows gross receipts of $2,890,000
-
09-24-2015, 12:37 PM #2
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
I do a lot of MCA consolidations if that is what your client is looking for. Direct lender, with our own fund. Twelve month term. Client can pre-pay any time after six months and only pay remaining interest (if they wish). Monthly or weekly payments (client choice, numbers are the same either way). If we are talking true MCA loans, I can typically get the payment down to about a third of what they are paying now.
The client must be able to show they can meet their obligations, so they cannot be in financial trouble.
If you are interested, I would need to see the following:
1.) 2014 and 2015 YTD P&L and Balance Sheet
2.) Last six months bank statements
3.) Debt schedule, showing lenders, total owed and daily payments.
Armed with these docs, I can provide you with some quick feedback as to whether it might be a fit.
Feel free to ping me with any questions!
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
-
09-25-2015, 12:07 PM #3
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Government contractor
I agree with Dan about contacting him if you think another MCA is best for your client.
However, we have provided lines of credit at reasonable rates to government contractors for almost 20 years. Generally clients stay with our financing an average of 33 months and the broker receives a commission check for each of those.
Bob Shaw
734.929.3800
rshaw@millenniumfundingusa.com
rshaw@advancecredit.com
Similar Threads
-
AR Factoring for Concrete Construction Co. Against Government Jobs
By Fundyman in forum All Other LendingReplies: 7Last Post: 08-05-2015, 12:16 PM -
Funding for low deposit government contractor business
By Alberto Ruvalcaba in forum Business LoansReplies: 5Last Post: 04-28-2015, 12:37 PM -
The Government Keeps Helping People Buy Failing Cold Stone Creamerys
By isaacdstern in forum Merchant Cash AdvanceReplies: 3Last Post: 09-18-2014, 02:24 PM -
Government Shutdown
By mfs01 in forum Merchant Cash AdvanceReplies: 4Last Post: 10-09-2013, 03:34 PM -
Government Takeover
By JayBallentine in forum Merchant Cash AdvanceReplies: 3Last Post: 04-21-2013, 05:18 PM