Results 1 to 9 of 9
-
10-13-2015, 12:56 PM #1
- Join Date
- Apr 2015
- Posts
- 159
$60,000 monthly deposits, needs to re-fi 2 outstanding advances
Hi, having a tough time finding a home for this deal.
-Metal fabricating company
-Avg. monthly deposits $60,000
-NSFs June and July, but none in Aug, Sept.
-Outstanding: PIRS - $700, last payment 10/22
-Outstanding: Yellowstone - $6,800
-Credit sub-600
Wants to re-fi and net $15-$20k for working capital.
Where can I take this?
-
10-13-2015, 01:08 PM #2Regards,
Matthew A. Stucchio
Associate
World Business Lenders, LLC
120 W. 45th St.
5th & 29th Floor
New York, NY 10036
Main: (212) 293-8200
Direct: (212) 220-6018
Fax: (646) 417-7161
Email: Mstucchio@wbl.com
www.WBL.com
-
10-13-2015, 01:51 PM #3
- Join Date
- Jul 2015
- Posts
- 10
Email me, joe@berkmanfinancial.com. I may be able to work this.
-
10-13-2015, 01:54 PM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Metal company
If there are no underlying liens the client could factor their receivables and the NSF's would not be meaningful.
Bob Shaw
rshaw@millenniumfundingusa.com
rshaw@advancecredit.com
734.929.3800
-
10-13-2015, 02:30 PM #5
- Join Date
- Jul 2015
- Location
- Michigan
- Posts
- 36
Hi,
Please check your PM.
Thank you,
-
10-13-2015, 02:48 PM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
Loanme if it is in the right state. Or do invoice factoring. Get him out of a cash advance.
If you need direction with either contact me.
info@omegafund.com
-
10-13-2015, 03:34 PM #7
- Join Date
- May 2014
- Posts
- 317
With good balances you can always do a LOC somewhere (if no one will take out both advances)
-
10-17-2015, 03:59 PM #8
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
How much inventory do they have? Receivables? Are the principals homeowners? Is there equity in residence? Do they have contracts or purchase orders?
If there are assets this should not be challenging..
Richard
www.businesscapitalconsultants.com
Direct 516 510 3855
-
10-19-2015, 03:06 PM #9
This sounds doable especially since his balances are low. Shoot me an email and we'll see what we can get done!
Michael Jagiello
Director of Client Acquisitions
Blue Granite Funding LLC
mjagiello@bluegranitefunding.com
1(718)873-6407 Cell
1(917)791-8911 Fax
Similar Threads
-
CA Used Car Dealership 750k+ Monthly Deposits
By Cshoke in forum Deal BinReplies: 4Last Post: 07-08-2015, 01:30 PM -
low monthly deposits high volume
By AMERICApital1 in forum Deal BinReplies: 6Last Post: 04-28-2015, 03:02 PM -
Roofing Company $65,000 Monthly Deposits
By Cshoke in forum Deal BinReplies: 12Last Post: 04-18-2015, 09:39 PM -
Aged Leads monthly bank deposits - $20,000 - $100,000
By Call Qualifier in forum PromotionsReplies: 3Last Post: 09-29-2014, 05:13 PM -
Aged Leads with monthly bank deposits - $10,000 - $100,000
By Call Qualifier in forum PromotionsReplies: 0Last Post: 08-10-2014, 06:58 PM