Government Contractor Looking to consoldate
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  1. #1

    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

  2. #2
    Senior Member Reputation points: 7360
    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

  3. #3
    Banned Reputation points: 4530
    Join Date
    Mar 2014
    Location
    Ann Arbor, Michigan
    Posts
    1,289

    Government contractor

    Quote Originally Posted by dpFund View Post
    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
    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

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