Results 1 to 6 of 6
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09-28-2015, 04:10 PM #1
- Join Date
- Feb 2015
- Posts
- 9
Outside of United States
I have a merchant currently doing $8mm a year in revenue. Unfortunately he is located in St. Vincent which is part of the BVI. He is a liquor importer/ exporter and also runs a small restaurant under the same entity filing. Are there any lenders out there willing to take a look at a business in the BVI?
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09-29-2015, 10:08 AM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
What exactly is the client looking for?
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09-29-2015, 10:41 AM #3
Done Puerto Rico in the past 2 out of 2 defaulted. Hawaii a much better experience.
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09-29-2015, 11:13 AM #4
- Join Date
- Feb 2015
- Posts
- 9
He is looking for something in the 150-200k range, which I feel is unrealistic. He has the opportunity to buy from a distributor from Latin America and increase his margins by at least 50%. The issue he has is that his clients pay him net 30 to net 60 and the restaurant does less than 20k a month. Cash flow is a big issue and he is looking to take advantage of this new supplier with a big offer. Daily balances are in the 10k range and rate is not an issue. Let me know if you know of someone who will take a look.
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09-29-2015, 11:41 AM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
I see two options. One could be to factor the accounts receivable, the other a MCA.
Bob Shaw
734.929.3800
rshaw@advancecredit.com
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09-29-2015, 04:50 PM #6
- Join Date
- Jun 2014
- Posts
- 541
Depending on how how the merchant is importing the liquor with his customs broker, we may be able to make Cooper's SLOC Bill of Lading Financing Program work-
Robert S Bloink
EVP of ISO Partnerships
Direct: 313-218-4663
Email: bb@cooperasset.com
Web: www.cooperasset.com
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