Results 1 to 6 of 6
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02-27-2016, 01:38 PM #1
- Join Date
- Jan 2015
- Posts
- 77
Merchant Prime for Consolidation
Over 650 Credit
February 2016 Deposits 210K
January 2016 111K
December 2016 90K
November 2016 43K
Total Outstanding 102K (Two positions)
Merchant has been comfortably paying $1275 per day.
The merchant lower revenue number is based on seasonal conditions he does heat/cooling paneling installations for
large corps therefore getting sign offs on pending contracts were delayed.
Serious Lenders Only
Jodi
Flow Lending
631.613.1400
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02-27-2016, 02:00 PM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Merchant Prime for Consolidation
Hi Jodi, since your client is running at 200k monthly they probably have around (305)0k in accounts receivable.
If they were to factor their receivables that would be able to pay off their outstanding advances and be ripe for new ones.
Bob Shaw
Advance Credit Funding
734-929-3800
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02-27-2016, 02:57 PM #3
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
Jodi,
We are a direct lender with a heavy focus on consolidations/balance transfers of $100K and below. What is the state and TIB? We'd be happy to take a look at a straight consolidation (no net). If interested, please reach out to me or our head of ISO relations, Steve Safirstein at steven@breakoutfinance.com. If they are in a state in which we can offer loans and have contracts that are in place but the work has yet to be completed, we could be pretty aggressive on price (assuming banks, business credit/review, and personal credit check out).
But agreed with Bob, if they have AR they can factor that may be a cheaper solution than a new short term loan or cash advance. But that's not something we could help with. And if they aren't interested in (or can't) factoring receivables, and are profitable and looking for a larger advance, try Dan Page at Funding Strategy Partners.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
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03-01-2016, 11:51 AM #4
- Join Date
- Dec 2015
- Posts
- 13
Hi Jodi,
Apex works with the top lenders, we are located on Wall Street and specialize in a wide range of services. Email me at jt@apexcapitalsource.com and I will get you the best deal possible.--
JT Esterkamp
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03-01-2016, 01:53 PM #5
- Join Date
- Sep 2015
- Location
- Miami, Fl
- Posts
- 148
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03-11-2016, 03:36 AM #6
- Join Date
- Mar 2016
- Posts
- 335
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