She has 3 positions... looking to consolidate or get additional capital
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  1. 02-03-2016, 09:09 PM #1
    Nick @ ASAP Funder
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    She has 3 positions... looking to consolidate or get additional capital

    They are an IT company that specialize in building out the IT infrastructure for large companies.


    Here are the approximate balances on the outstanding loans –
    Everest Business Funding= $16,500 - 200 daily
    Yellowstone Capital = $15,400 - 634 daily
    OnDeck = $121,500 - 555.95 daily


    Did 93k in Jan
    Did 118k in December
    Did 88k in November
    Did 120k in October

    Need funding for equipment that will be used on a new project
    Last edited by Nick @ ASAP Funder; 02-03-2016 at 09:11 PM.
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  2. 02-03-2016, 09:17 PM #2
    bdshaw
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    She has 3 positions... looking to consolidate or get additional capital

    Are they profitable and do they have any debt other than the advances?
    Bob
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  3. 02-03-2016, 09:31 PM #3
    Nick @ ASAP Funder
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    not profitable - no other debt
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  4. 02-03-2016, 09:29 PM #4
    CO1
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    She has 3 positions... looking to consolidate or get additional capital

    Is this company located in Buffalo?
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  5. 02-03-2016, 09:30 PM #5
    Nick @ ASAP Funder
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    Yup.
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  6. 02-03-2016, 10:45 PM #6
    bdshaw
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    She has 3 positions... looking to consolidate or get additional capital

    Please my pm.
    Thanks, Bob
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  7. 02-04-2016, 10:47 AM #7
    RichardGerard
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    Will need to see EBITDA from last years Corp return and the year end Balance Sheet to see if it makes any sense.. Aging as well..

    Richard 516 510 3855

    www.businesscapitalconsultants.com
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  8. 02-04-2016, 11:58 AM #8
    Chambo
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    Quote Originally Posted by nfarr@asapfunding.com View Post
    They are an IT company that specialize in building out the IT infrastructure for large companies.


    Here are the approximate balances on the outstanding loans –
    Everest Business Funding= $16,500 - 200 daily
    Yellowstone Capital = $15,400 - 634 daily
    OnDeck = $121,500 - 555.95 daily


    Did 93k in Jan
    Did 118k in December
    Did 88k in November
    Did 120k in October

    Need funding for equipment that will be used on a new project
    Averages $105K a month, yet has $150K in balances? Looking for more? Seriously?
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  9. 02-04-2016, 12:36 PM #9
    RichardGerard
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    If there is growth (typically IT Project firms have contracts for new business in hand) and we can fit a new/larger credit facility into their budget (which isn't hard because they're paying 1300+ per day) by extending terms or by arranging an LOC, there are numerous ways to get files like this done.

    Key is trending upward sales with a Corp Guarantor that is credit worthy..

    Richard 516 510 3855

    www.businesscapitalconsultants.com
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