Results 1 to 9 of 9
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11-19-2015, 12:22 PM #1
- Join Date
- Aug 2015
- Location
- miami
- Posts
- 48
Consolidation auto sales with body shop
500k mthly sales last 12mths, 200K DAILY AVG
1st position . balance $145,329.30 CAN -CAP, 2nd position balance $112,534.28 ARCARIUS ,total balance is $257,863.28 ,this is what the merchant would like merchant is open to pay off second and net $100k or consolidate both with reasonable daily 1500 max and net the difference
Credit is 690 LOOKING FOR BEST OFFERS PM ME IF YOU CAN GET THIS DONE .
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11-19-2015, 12:53 PM #2
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Hi there,
I do MCA consolidations all day long. (on track to do north of $2M this month). I would have to take out all the MCAs and end up in first position though (and we would prohibit him from any future loans until we are paid off).
Assuming his financials add up just fine and he passes underwriting, we would end up with a monthly payment (we do not do daily payments) somewhere between $30k - $38k depending upon term (equivalent of $1,500 - $1,800 daily). I'd want to know how the additional $100k he is requesting is going to generate incremental revenue for him.
I am a direct lender
Monthly payments
12-18 month term
Prepay any time after six months, with no fees, penalties or interest (principle only) for huge savings if the client desires
Here is what I need to provide you with quick feedback as to whether it would be a fit:
2014 and 2015 P&L and Balance Sheet
Complete debt schedule
Six months bank statements
Use of funds
Thanks,
Dan Page
dan@fundingstrategypartners.com
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11-19-2015, 01:51 PM #3
Sounds like a slam dunk for WBL! Give me a call or email and we can lend him up to 3X his monthly revenue.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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11-19-2015, 03:09 PM #4
- Join Date
- Nov 2015
- Posts
- 10
POWER UP LENDING - CONSOLIDATION SPECIALIST
Power up is currently one of the most active DIRECT FUNDERS . Although we do all types of loans from 1st - 4th positions, our niche is consolidating outstanding loans and lowering daily payments. The average loan in regards to consolidation is $185,000. Our family fund has allocated an additional $85,000,000 for future funding's. We are currently looking to expand and offering our ISO's 6 - 12 % points. Below I have provided an overview of our funding parameters.
- We look for credit scores 550 and above
- The only state we do not fund is CA, NY, RI & TN
- The industries that we do not fund is CAR SALES, CONSTRUCTION GENERAL CONTRACTORS , LEGAL OFFICES & ACCOUNTING OFFICES.
- We cant fund sole proprietorship's ( has to be corp,llc etc.)
- We do all types of loans from 1st to 4th positions
- Our niche is the consolidations, where we look to consolidate outstanding loans and lower daily payments. Average loan amount on consolidations is around $185,000.
- Our loan amounts range from $20,000 up to $500,000
- Our rule is to come back every couple months with additional loans
Contact Info:
Seth A
P (516) 498-9890
F (516) 498-9894
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11-19-2015, 03:15 PM #5
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11-19-2015, 03:56 PM #6
- Join Date
- Aug 2015
- Location
- miami
- Posts
- 48
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11-19-2015, 03:57 PM #7
- Join Date
- Aug 2015
- Location
- miami
- Posts
- 48
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11-19-2015, 06:48 PM #8
- 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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11-20-2015, 12:50 PM #9
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