HELP! merchant looking for 800k - 1mil
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  1. #1

    HELP! merchant looking for 800k - 1mil

    We have a merchant we can't fund ourselves, did 11 mil in 2015, has a bal with swift for 175k looking for 800k-1mil weekly payments. (he sells cell phones)

  2. #2
    Senior Member Reputation points: 68233
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    pm ing you

  3. #3
    Dan Page offers weekly and monthly

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    World Business Lenders would be a perfect fit for a client like this. With that type of revenue, it is likely that he owns real estate that he can pledge. Depending on the value of his collateral, we can probably offer between $1.5MM and $2.0MM.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  5. #5
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    We have put several ABL's together for cell phone retailers by using both their commercial accounts receivable and inventory.
    We would clear the existing advanced(s) making it more profitable to write ne advances in the future. We've also done a few with a combination of an advance and an ABL. The company sharply reduced their advance balance and was able to get a better advance for the balance that the ABL would not cover.
    Offering free telephone training of Factoring and Asset Based Loans
    Our Brokers average $7,500 commission per ABL deal

    Bob Shaw
    721 Cornell Road
    Ypsilanti, Michigan 48197
    734-929-3800
    rshaw@advancecredit.com
    www.advancecredit.com

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    Send it over to Everest Business Funding. Call me if you need more information.

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    Quote Originally Posted by merchantcashcloud View Post
    We have a merchant we can't fund ourselves, did 11 mil in 2015, has a bal with swift for 175k looking for 800k-1mil weekly payments. (he sells cell phones)
    way to give Swift the heads up, they are probably on the phone with your merchant now, offering a sizable renewal.

    ...while telling them that the broker is on a public forum trying to find a home for the deal because he/she has no idea where to send. that's a closer if i've ever heard one. Not saying that is the case (DF certainly helps many brokers find homes for deals), but you should consider limiting the information so that the merchant can't be easily identified.
    Last edited by anonymous; 02-26-2016 at 01:53 PM.

  8. #8
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    Quote Originally Posted by anonymous View Post
    way to give Swift the heads up, they are probably on the phone with your merchant now, offering a sizable renewal.

    ...while telling them that the broker is on a public forum trying to find a home for the deal because he/she has no idea where to send. that's a closer if i've ever heard one. Not saying that is the case (DF certainly helps many brokers find homes for deals), but you should consider limiting the information so that the merchant can't be easily identified.
    Swift doesn't loan more then 300k so I think he will be safe....but valid point sir
    Second place? Set of steak knives.

  9. #9

    If it is a health/medical based client give James Graydon a call at ProMED Healthcare Financing 631-468-6325.

    Quote Originally Posted by merchantcashcloud View Post
    We have a merchant we can't fund ourselves, did 11 mil in 2015, has a bal with swift for 175k looking for 800k-1mil weekly payments. (he sells cell phones)

  10. #10
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    Quote Originally Posted by FundMaster82 View Post
    If it is a health/medical based client give James Graydon a call at ProMED Healthcare Financing 631-468-6325.
    never heard of medical based cell phones before .

  11. #11
    Quote Originally Posted by Michael I View Post
    never heard of medical based cell phones before .
    lol!!

  12. #12
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    Quote Originally Posted by rick_clsfunding View Post
    lol!!
    this dude has copy and pasted on hundred of posts but never even reads them or responds to questions . no clue why admin lets it

  13. #13
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    HELP! merchant looking for 800k - 1mil

    I have a lender that can finance their existing inventory. If interested, DM me. Happy to share their contact details.

  14. #14
    We can help.

    Mike Ferrara
    646-370-2811
    www.capify.com

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