Results 1 to 9 of 9
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02-03-2016, 09:09 PM #1
- Join Date
- Dec 2015
- Location
- Irvine, California
- Posts
- 12
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 projectLast edited by Nick @ ASAP Funder; 02-03-2016 at 09:11 PM.
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02-03-2016, 09:17 PM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
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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02-03-2016, 09:29 PM #3
She has 3 positions... looking to consolidate or get additional capital
Is this company located in Buffalo?
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02-03-2016, 09:30 PM #4
- Join Date
- Dec 2015
- Location
- Irvine, California
- Posts
- 12
Yup.
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02-03-2016, 09:31 PM #5
- Join Date
- Dec 2015
- Location
- Irvine, California
- Posts
- 12
not profitable - no other debt
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02-03-2016, 10:45 PM #6
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
She has 3 positions... looking to consolidate or get additional capital
Please my pm.
Thanks, Bob
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02-04-2016, 10:47 AM #7
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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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02-04-2016, 11:58 AM #8
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02-04-2016, 12:36 PM #9
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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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