CT Co with 2 Advances
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  1. #1

    CT Co with 2 Advances

    We have a Fence Manuf & Installer in CT
    that has 2 Advances;
    $84K with 1st Adv Co - $793/day
    $20K with 2nd Adv Co - $ 297 / day
    TIB 3/2015
    and they do per month below in deposits. Credit 650 +
    4 to 5 Months left on advances

    Dec; $120K Deps
    Nov; $140K
    Oct; $106K

    Looking to either offer to pay those off with up to a 12 month term which will lower the
    customer's daily takeout, or consolidate, or anything else that can be done to lower the payments.

    They do Not have Real Estate to offer

  2. #2
    Try Carl Fairbank at Breakout Finance. This might be a good fit for them although I dont think they will got out 12 months. But they can definitely lower the daily either with a smaller daily or a weekly payment.

  3. #3
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    Quote Originally Posted by Triton View Post
    Try Carl Fairbank at Breakout Finance. This might be a good fit for them although I dont think they will got out 12 months. But they can definitely lower the daily either with a smaller daily or a weekly payment.
    Thanks for the mention, Michael. Michael is correct, we are very unlikely to offer a year option here given TIB (we also typically require TIB of at least a year, but can make exceptions in certain situations). If you'd like us to take a look, shoot me an email and I can get your our ISO package.
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  4. #4
    Quote Originally Posted by Will Sanio View Post
    We have a Fence Manuf & Installer in CT
    that has 2 Advances;
    $84K with 1st Adv Co - $793/day
    $20K with 2nd Adv Co - $ 297 / day
    TIB 3/2015
    and they do per month below in deposits. Credit 650 +
    4 to 5 Months left on advances

    Dec; $120K Deps
    Nov; $140K
    Oct; $106K

    Looking to either offer to pay those off with up to a 12 month term which will lower the
    customer's daily takeout, or consolidate, or anything else that can be done to lower the payments.

    They do Not have Real Estate to offer
    Hi

    I don't know if we can do 12 months but, we should be able to do something...


    Matthew Tirado
    Senior Funding Consultant

    Yellowstone Capital LLC
    Main: (800)-955-2411
    Direct: 1-646-774-3317 x1059
    Fax: 1-347-246-4338

    Email: mtirado@yellowstonecapllc.com
    Website: http://www.yellowstonecap.com

  5. #5
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by matvillain View Post
    Hi

    I don't know if we can do 12 months but, we should be able to do something...


    Matthew Tirado
    Senior Funding Consultant

    Yellowstone Capital LLC
    Main: (800)-955-2411
    Direct: 1-646-774-3317 x1059
    Fax: 1-347-246-4338

    Email: mtirado@yellowstonecapllc.com
    Website: http://www.yellowstonecap.com
    Newbie, for some strange reason I do not think Yellowstone will do a consolidation. Chambo, is this worth a shot?

  6. #6
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    Stranger things have happened...LOL

  7. #7
    Senior Member Reputation points: 32658 Zach's Avatar
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    Thank you for bringing up the fact that there is no real estate collateral.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  8. #8
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    Hi Will- if your client has commercial customers there are a variety of methods of financing you may offer them.
    If you are interested please send me your contact information and a good time to call.
    Bob Shaw
    Advance Credit Funding Corporation
    rshaw@advancecredit.com
    rshaw@millenniumfundingusa.com
    734-929-3800

  9. #9
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by matvillain View Post
    Hi

    I don't know if we can do 12 months but, we should be able to do something...


    Matthew Tirado
    Senior Funding Consultant

    Yellowstone Capital LLC
    Main: (800)-955-2411
    Direct: 1-646-774-3317 x1059
    Fax: 1-347-246-4338

    Email: mtirado@yellowstonecapllc.com
    Website: http://www.yellowstonecap.com
    you need to cut it out.....you're making YSC look like fools. NO WAY that deal is getting consolidated at YSC and NO WAY they are getting an offer based off of deposits anywhere NEAR what the merchant is looking for.

  10. #10
    Quote Originally Posted by Will Sanio View Post
    We have a Fence Manuf & Installer in CT
    that has 2 Advances;
    $84K with 1st Adv Co - $793/day
    $20K with 2nd Adv Co - $ 297 / day
    TIB 3/2015
    and they do per month below in deposits. Credit 650 +
    4 to 5 Months left on advances

    Dec; $120K Deps
    Nov; $140K
    Oct; $106K

    Looking to either offer to pay those off with up to a 12 month term which will lower the
    customer's daily takeout, or consolidate, or anything else that can be done to lower the payments.

    They do Not have Real Estate to offer
    Based on the #'s there is definitely room to at least take out the smaller of the 2 balances and net the merchant at least 30%.
    Kaitlyn Miller
    ISO Coordinator
    770-617-2377
    KM@SuperiorCapitalfund.com
    http://superiorcapitalfund.com/

  11. #11
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    Will, I would love to help but can you tell me: for their time in business, did they purchase an already operating business OR did they start this business brand new in 2015?

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