Consolidate over a millon
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  1. #1

    Consolidate over a millon

    Is there anyone that would consolidate over a million dollars?? Business is doing great with around 2 million a month growth sales.

  2. #2
    Dan Page

  3. #3
    Senior Member Reputation points: 113 MatthewAStucchio's Avatar
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    Consolidate over a millon

    If real estate is available with substantial equity to cover the loan amount and client can service the debt WBL will review. Pls call/email to discuss. Thanks
    Regards,

    Matthew A. Stucchio
    Associate

    World Business Lenders, LLC

    120 W. 45th St.
    5th & 29th Floor
    New York, NY 10036

    Main: (212) 293-8200
    Direct: (212) 220-6018
    Fax: (646) 417-7161
    Email: Mstucchio@wbl.com
    www.WBL.com

  4. #4
    Quote Originally Posted by MatthewAStucchio View Post
    If real estate is available with substantial equity to cover the loan amount and client can service the debt WBL will review. Pls call/email to discuss. Thanks
    Yikes,

    I can't imagine trying to sell $1,000,000 with a payback of $1,730,000.

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    At 24M annually there are SEVERAL solutions for a file like this other than an 18 month consolidation.. Touch base if you would like to discuss.. Typically split 3 points on these..

    RG 516 510 3855

    www.businesscapitalconsultants.com

    775 Park Avenue Suite 255
    Huntington, NY 11743

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    I agree with Richard.
    You might want to think Elimination as opposed to Consolidation for this one.
    If all the advances are eliminated it will make it more profitable to, write new advances.
    I'd be glad to explain.
    Bob Shaw
    rshaw@advancecredit.com
    rshaw@millenniumfundingusa.com
    734.929.3800

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    Indeed Bob... Every time the word consolidation comes up people refer the same names without knowing the industry type, Historical Financials, Debt structure, Balance Sheet etc...

    Which is not to say the folks that consolidate here are not good at what they do.. Sometimes the simple answer is not the right one OR the most beneficial to the client or ISO..

    There are professionals on this blog that can get clients more capital, with longer terms while earning ISO's greater commissions- while saving the clients money..

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    Quote Originally Posted by Triton View Post
    Dan Page
    Thanks Michael :-)

    Fundnow- Consolidating north of a million is not a problem. One of my more recent consolidations was $1.15M and I have another one right now we are working on at $1.5M.

    Monthly payments, 12-18 month term, with early payoff available anytime after six months (no interest, fees or penalties).

    Feel free to reach out and discuss.

    Best,

    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com

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