Consolidation auto sales with body shop
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  1. #1
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    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 .

  2. #2
    Senior Member Reputation points: 7360
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    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

  3. #3
    Senior Member Reputation points: 32658 Zach's Avatar
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    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

  4. #4
    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

  5. #5
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by #1closer View Post
    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 .
    If merchant is keeping $200K ADB, doesn't sound like they have any cash strain. Why would he need to net an additional $100K?

    Besides, $357K for a merchant doing $500K a month seems like a stretch if the deal were CLEAN.....

  6. #6
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    Quote Originally Posted by Seth A View Post
    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
    this is car sales

  7. #7
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    Quote Originally Posted by Chambo View Post
    If merchant is keeping $200K ADB, doesn't sound like they have any cash strain. Why would he need to net an additional $100K?

    Besides, $357K for a merchant doing $500K a month seems like a stretch if the deal were CLEAN.....
    i asked him the same thing he was like that is my safety net and i dont wanna touch it

  8. #8
    Senior Member Reputation points: 3956
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    sent you a private message
    Brent Goggins
    Business Credit Consultants
    ISO Relations Manager
    Direct: 518-776-7501
    Email: BrentG@bccusa.com

  9. #9
    Senior Member Reputation points: 5034 AlexSMF's Avatar
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    Quote Originally Posted by #1closer View Post
    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 .
    This has strategic funding written all over it. Send it there.

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