Results 1 to 20 of 20
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10-07-2015, 02:46 PM #1
- Join Date
- Mar 2015
- Posts
- 62
$320,000.00 needed.
8 Years in business
Deposits: 550k/month
Credit: 620+
Industry: Health
Owes: $200,000.00
Wants to payoff and net 100k (no net 40% etc)
Squeaky clean banks - I have 3 years of tax returns as well.
Open to taking a second position but must be at least 100k
Current payment 1500/day
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Shopping aggressively - Seeking quick moving Direct Lender with sub 1.3 buys over 12+
Brokers feel free to get some good karma and tell me who may like this deal.
Inbox or reply, please no free e-mails except if your first and last name rhyme, then it's ok because that's cool. Shout-outs to DionteKionte.
Thanks,
Alan
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10-07-2015, 03:29 PM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
$320,000.00 needed.
what is there business
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10-07-2015, 03:42 PM #3
- Join Date
- Sep 2014
- Posts
- 720
$320,000.00 needed.
If he is shopping aggressively it's very likely that you've already lost the deal. Not to be mean, just honest - brokers play chess locking themselves in to all lenders that can make the strongest offer on a deal within hours if not minutes.
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10-07-2015, 03:44 PM #4
- Join Date
- Sep 2015
- Posts
- 1
send me contact info, phone number and e mail, would be interested in investing.
Thanks
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10-07-2015, 03:48 PM #5
- Join Date
- Jul 2015
- Posts
- 120
Sent you a private message
Brent Goggins
Business Credit Consultants
ISO Relations Manager
Direct: 518-776-7501
Email: BrentG@bccusa.com
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10-07-2015, 03:57 PM #6
- Join Date
- Jul 2013
- Posts
- 352
Looks you like you'll be playing the "send me the agreement and I'll get you a Better offer" game. First position is pretty much off the table with the current balance and the buy rate you're looking for.
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10-07-2015, 03:57 PM #7
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Hey Skytop,
I am a direct lender and would be interested in looking at this IF the client is open to consolidating his first two loans (no I am not a MCA lender). Twelve month term. 1.31 Factor, monthly payments. Assuming a $300k funding amount (since he will have paid down some of it), his monthly payments would be about $32,700 which is slightly more than he is paying now for $200k ($1,500 X 21 days = $31,500).
Your client would have to understand that he would be prohibited from stacking for the duration of my repayment schedule (yes, we have a way to enforce it).
All this stated, his numbers would have to support that he can comfortably afford the payment. I am going to be more strict than my MCA colleagues. :-)
If there is interest, please feel free to reach out, and I can tell you what I need to provide a quick assessment. Email is best since I am typically booked all day on calls.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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10-07-2015, 03:59 PM #8
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
Arf
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10-07-2015, 04:12 PM #9
- Join Date
- Mar 2015
- Posts
- 62
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10-07-2015, 04:15 PM #10
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
Wasn't aware of that; good to know...sorry
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10-07-2015, 05:32 PM #11
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
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10-07-2015, 10:14 PM #12
- Join Date
- Apr 2014
- Posts
- 781
Dan page program is very good
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10-08-2015, 10:00 AM #13
- Join Date
- Mar 2015
- Posts
- 62
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10-08-2015, 10:46 AM #14
I can definitely help! We have a few different ways we can do it too! Unsecured, collateralized, etc. Give me a call or send me an email. Kmacdonald@wbl.com or my number is (860) 436-2183 . I look forward to working with you!
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10-08-2015, 03:12 PM #15
- Join Date
- Apr 2014
- Posts
- 781
contact Dan page he is a poster on the site and his consolidation of cash adv is superb
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10-08-2015, 03:42 PM #16
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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10-08-2015, 04:59 PM #17
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
$320,000.00 needed.
Get his attention back using a 6%, 10 year loan.
That should stop hom from signing for another MCA
Bob Shaw
rshaw@advancecredit.com
734.929.3800
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10-15-2015, 05:35 PM #18
- Join Date
- Oct 2015
- Location
- Ohio
- Posts
- 5
I work with a few Direct Lenders that might be able to help! Please contact Lisa loans@bizlm.com
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10-16-2015, 04:20 PM #19
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
If they are doing 550k per month how much are their receivables? $750k? An Asset Based Line of Credit (not factoring) with an 80 per cent advance on paper up to 90 days is likely the way to go.
Interest rate would be around 12% annually.
Potential issue: Who are they billing? Is it EOB's or Moms and Pops?
Feel free to call 516 510 3855 to discuss...
Richard
www.businesscapitalconsultants.com
If it's Medicare and Insurance Companies I can have a LOI out in 24 hours and the due diligence done in 12 business days..
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10-22-2015, 11:59 AM #20
- Join Date
- Oct 2015
- Posts
- 42
Please call me at 7189082434 or email me nathen@goldbarcapital.com
Thanks
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