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11-08-2015, 03:22 PM #1
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- Oct 2015
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- 8
borrow against 500k of copper wire.
Have an electrician client who has 500k copper wire inventory does 70k monthly. Has three positions currently totaling 30k and September had a bunch of nsfs but October statement is clean. He is looking to do a consolation of all or some of his positions against copper inventory. And take out a bit extra.
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11-08-2015, 03:27 PM #2
I don't know anyone who would use copper (perhaps Pledgecap), but if he has some real estate to pledge I can probably provide exactly what he's asking for.
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11-08-2015, 04:04 PM #3
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- Aug 2015
- Location
- Boulder, CO
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- 755
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11-08-2015, 03:57 PM #4
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
Go direct to a commodity firm that will allow marginable assets.
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11-08-2015, 04:08 PM #5
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
Whatever they do even in a grain storage house it will have to be placed there. Try CME, LME. Might even turn out thats where he purchased them from. Should just use margin and take delivery when he needs it from the hedge.
Last edited by John Galt; 11-08-2015 at 04:10 PM.
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11-09-2015, 07:12 AM #6
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Suggest to look at the balance sheet and interims. Since the liabilities aren't staggering there a few ABL's out there that give credit lines. If client is a homeowner (and a positive balance sheet) it is almost a certainty. Touch base if you would like assistance.. 100k seems very possible based on info given.
Richard 516 510 3855
www.businesscapitalconsultants.com
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11-09-2015, 07:36 AM #7
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
borrow against 500k of copper wire.
I have not seen this for a while but years ago a lender would place the wire in a bonded warehouse. The bonding company would collect an appropriate amount for whatever inventory the borrower used.
You might try googling them.
Bob
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11-09-2015, 10:22 AM #8
- Join Date
- Aug 2014
- Posts
- 49
borrow against 500k of copper wire.
Primebusinesslending.com Nathan is grey over there they will do consolidation and might not even need to collateralize it
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11-09-2015, 11:11 AM #9
- Join Date
- Aug 2015
- Posts
- 6
Advance
I will be able to help you get the capital you need my email is aaronharrishawkins2013@gmail.com send me and email and let's move forward
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11-09-2015, 11:14 AM #10
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11-09-2015, 11:22 AM #11
- Join Date
- Jun 2015
- Posts
- 3,325
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11-10-2015, 02:31 PM #12
- Join Date
- Jun 2015
- Posts
- 22
Try Credit Junction. They offer an inventory-based revolving line that starts at $200k in inventory or A/R.
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11-11-2015, 01:41 AM #13
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