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01-18-2016, 01:59 PM #1
- Join Date
- Dec 2015
- Posts
- 51
Consolidate
Have a merchant doing 600k a month,Has 2 advances. 1 with around 375k left. The other 1 around 60k left. He wants to consolidate the 2nd and net around 70k but he'll only pay a max interest at a 1.26. The other 2 were at a 1.25.
Any ideas guys?
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01-18-2016, 02:05 PM #2
- Join Date
- Jan 2014
- Posts
- 283
Consolidate means have BOTH paid off, does he want that or to have just the 2nd position paid and to net around $70,000?
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01-18-2016, 02:08 PM #3
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
Maybe quarterspot
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01-18-2016, 02:08 PM #4
WBL can do 2nds as low as 1.16 for 6 months and 1.33 for 12 months.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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01-18-2016, 02:15 PM #5
I can do major consolidation deals if needed. We have a client right now with multiple items being consolidated including two SBA loans, some equipment and a working capital loan or two. We are going after $1.9m to wrap everything into one payment and also give him an additional $300K in working cap. He should close the loan at around 5-6% for a 10 year note amortized over 20...or at least that what we are shooting for. If you need a loan like that please feel free to contact me at drabouin@bwcapitalsolutions.com.
- Dave
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01-18-2016, 02:25 PM #6
- Join Date
- Dec 2015
- Posts
- 51
Consolidate
Whichever can work and get him the 70 at a 1.26
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01-18-2016, 04:08 PM #7
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Consolidate
If they are B to B we,might be able to meet your goal, but not a MCA, a direct loan.
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01-18-2016, 05:04 PM #8
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Would need to see the Financials to be able to recommend a direction to go..
Richard 516 510 3855
www.businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 11743
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