Results 1 to 3 of 3
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10-20-2015, 04:12 PM #1
- Join Date
- Oct 2012
- Posts
- 142
Supply company looking for (2) consolidations
My client, a supply company is looking for a 3-5 year consolidation for two outstanding cash advances, $393,000 and $43,000 (which should be paid off in about 10 weeks.) He has an approval for $500,000, for (3) years, but is cannot be used to payoff the (2) advances, and willing to go behind the consolidation loan. I have all the Financials that would be needed. Interested lenders would receive a complete packet along with a detailed narrative from the owner. Briefly, here are particulars about the company.
Credit Score: 705-verified by submitted credit report
No negative days of bad checks
Current with all taxes, state, and federal
Release from UCC filings
Bank Statement Deposits
April $526,139
May $589,899
June $552,223
July $352,874
August $569,744
September 248,465
If there are any lenders that they could meet their request.
Howie Dane
President
Funding Sources for Business
(866) 573-3273
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10-22-2015, 11:07 PM #2
- Join Date
- Aug 2015
- Posts
- 67
Hello Howie,
For the consolidations, we are targeting well performing deals where the client needs additional capital. The merchant should be netting 50% of the consolidated advance.
If they are then we can offer a 3 to 5 year term.
I would love to look at some advances for you. Our Lenders are funding so much business.
yesterday we funded a consolidation advance for $140k.
We can be very competitive on good deals.
Contact me at doran@doransummers.comDoran M. Summers
Small Business Loans & Commercial Loans
3960 Howard Hughes Parkway Suite #500
Las Vegas, NV 89169
Doran@DoranSummers.com
Www.DoranSummersFunding.com
217.799.0156
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10-26-2015, 10:14 AM #3
You'd be looking more along the lines of a term loan for this one. My recommendation would be to give Fundation a shot, they'd definitely take a look at this
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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