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  1. #1

    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?

  2. #2
    Senior Member Reputation points: 2893
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    Consolidate means have BOTH paid off, does he want that or to have just the 2nd position paid and to net around $70,000?

  3. #3
    Senior Member Reputation points: 1422
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    Maybe quarterspot

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    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

  5. #5
    Member Reputation points: 596 BW Capital Solutions's Avatar
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    Dec 2015
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    Irvine, CA
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    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

  6. #6

    Consolidate

    Whichever can work and get him the 70 at a 1.26

  7. #7
    Banned Reputation points: 4530
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    Consolidate

    If they are B to B we,might be able to meet your goal, but not a MCA, a direct loan.

  8. #8
    Senior Member Reputation points: 68233
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    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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