Results 1 to 11 of 11
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10-02-2015, 11:51 AM #1
- Join Date
- Jan 2015
- Posts
- 77
Manfactiring Company looking to take over 1st position BFS
Merchant has balance of 379 with September revenues of 735K.
Has guaranteed government contracts for 10M payable in Quarterly
installments. First Payment is coming prorated in the November for 500K
Looking ideally for large 1st position between 450 24-26 months
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10-02-2015, 12:01 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
We might be able to put together a working capital facility based on receivables, inventory, and equipment. Send along some info: Kevin.Henry@SeacoastBF.com
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10-02-2015, 01:28 PM #3
- Join Date
- Aug 2015
- Posts
- 22
I'm interested in the deal I have a few questions 3474528009
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10-02-2015, 02:57 PM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Mercah nt looking for 450K
I agree with Kevin's thought. this sounds like a factoring opportunity. Better for you and better or the client.
we would be interested also.
Bob Shaw
734.929.3800
rshaw@advancecredit.com
rshaw@millenniumfunding.com
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10-02-2015, 05:03 PM #5
This deal sounds like a solid one for WBL, so long as they have the real estate available.
We can lend 2-3X their monthly revenue, so it would be a much more significant round of funding for the client... Not to mention much more commission for yourself!Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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10-02-2015, 05:42 PM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 730
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10-15-2015, 05:40 PM #7
- Join Date
- Oct 2015
- Location
- Ohio
- Posts
- 5
I work with a few Direct Lenders. Please contact Lisa loans@bizlm.com
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10-22-2015, 10:54 AM #8
Definitely best off pursuing a term loan for this one. Fundation would like this one. Best of luck!
Michael Jagiello
Director of Client Acquisitions
Blue Granite Funding LLC
mjagiello@bluegranitefunding.com
1(718)873-6407 Cell
1(917)791-8911 Fax
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10-22-2015, 11:07 AM #9
- Join Date
- Oct 2015
- Posts
- 10
Pm I'll be able to to do this deal as I am a direct lender
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10-22-2015, 11:44 AM #10
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
Manfactiring Company looking to take over 1st position BFS
I agree with Kevin and Bob on this one. This deal would be better suited for factoring/asset based lending as factors can at times help finance their production cycle, which will ultimate be of concern with such large contracts and payment terms. A term loan might strap the borrower's CashFlow down the line.
If you consider factoring, I am happy to see what we can do. Non-recourse, silent notification, and if it makes sense, we might even finance their production cycle.
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10-22-2015, 12:00 PM #11
- Join Date
- Jun 2015
- Posts
- 3,325
why would it make any sense for the merchant to payoff and only net 60-70k to get an extra 6 months ? paying double on the money like that will be crazy .
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