Results 1 to 7 of 7
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12-03-2015, 11:56 AM #1
- Join Date
- Oct 2015
- Posts
- 42
Consolidate
Have a client doing 80k - 150k a month. Good dailys. Construction business. Would like to pay off Yellowstone which he has around 28k left and get some on top. Any lenders that can help? Thanks
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12-03-2015, 12:06 PM #2
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
Consolidate
Factoring might be the solution for this client. Contact Seth Turnoff from Rioux Capital @ (850) 284-7384. Seth specializes in factoring specifically for he construction industry. Hope this helps.
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12-03-2015, 12:07 PM #3
- 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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12-03-2015, 12:16 PM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Sent a PM as well.. Important that whoever you contact has a familiarity with Construction receivables and the proper way to present file and payments.. Are the invoices 'paid when paid'? Is there a 'retainage' amount on each invoice? Are they pre-billing?
Feel free to reach out if you need assistance... Just secured 150k to a Commercial Roofing Contractor in the South that had Judgments against the Corporation and the Guarantor..
Richard 516 510 3855
www.businesscapitalconsultants.com
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12-03-2015, 03:00 PM #5
- Join Date
- Aug 2015
- Location
- miami
- Posts
- 48
Fuison Capital can do it send it over apps@fusionadvances.com
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12-04-2015, 08:12 AM #6
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Hi Nate,
My name is Dan Page and I am a direct lender. I do a lot of consolidations where the client has stacked MCA loans. I am NOT a MCA lender. :-)
Some highlights of our consolidation program:
1.) Monthly payments
2.) 12-18 month terms
3.) Often I can get payments down to about one third of what the client is currently paying
4.) Cash out is not required (possible though if the client can justify why he needs the money and if he can demonstrate clear ability to meet monthly obligations)
5.) Client can pre-pay any time after six months for huge savings. No fees, penalties or interest. Client can just pay remaining interest and they are out.
6.) We work in just about any industry (except for individual restaurants)
7.) Consolidations funded from $50k - $2M
8.) No limit on number of positions that can be consolidated...but their business must be profitable with a clear path to meeting their monthly obligations, as noted above.
9.) We typically need to end up in first position UCC, and client is not allowed to stack on top of us (yes, we enforce it), so they have to be committed to change.
If you are interested, please drop me an email (dan@fundingstrategypartners.com) and we can talk.
Thanks,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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12-07-2015, 03:13 PM #7
If they have real estate to pledge we can get them up to 2x the average monthly revenues for a term loan or up to 3x for an interest-only line of credit. Definitely get in touch if I can be of assistance. 201-210-8552 or paul@oracleloans.com
Last edited by pmoney; 02-08-2016 at 10:56 AM.
Paul Marzolla
CEO @ GreenBridge Loans
______________________________________________
Main: (800) 677-5771
Email: paul@greenbridgeloans.com
Connect with me on LinkedIn
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GreenBridge Loans
221 River St, 9th Fl
Hoboken, NJ 07030
www.greenbridgeloans.com
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