Results 1 to 7 of 7
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03-09-2016, 03:55 PM #1
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
14 month old restaurant near Chicago
(Direct Lender Only Please)
They currently owe $12K, which is being paid via lockbox @ 12% split.
Monthly revenue averages $70K, 95% is through CC's. Bank shows 14 negative days in Feb and 12 in each of the prior months.
Please review for lockbox split.. highest offer possible.
They do have a tax lien of $50K.. the IRS will allow a payment plan, but require $10K down. For now they have been sending IRS random payments, as evidenced in the bank statement.
Owner's credit is okay at 620.. past due on some credit cards.
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03-09-2016, 03:57 PM #2
- Join Date
- Jun 2015
- Location
- Gainesville, FL
- Posts
- 200
If those monthly numbers are true, we can take a look. We would have to pay off the $12K owed though, since we only offer 1st position.
We are a direct lender.
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03-09-2016, 04:45 PM #3
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
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03-09-2016, 04:46 PM #4
- Join Date
- Jul 2014
- Posts
- 196
14 month old restaurant near Chicago
We can look to pay off the 12k then set the merchant up with a CC deal if they really are doing most to all of their volume through processing. Please contact me to discuss.
Mike@SamsonPartnersLLC.com
347-492-1801
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03-10-2016, 10:16 AM #5
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 502
We are a processing company and direct lender. We would have to pay off existing balance. Feel free to call me anytime.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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03-10-2016, 10:44 AM #6
Even with their excessive negative days, WBL can provide a loan of up to $140K based upon the cashflow estimate you've provided. You should ask if they have any real estate with unused equity you can take a look at.
Feel free and give me a call or email when you can.
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03-10-2016, 04:09 PM #7Kaitlyn Miller
ISO Coordinator
770-617-2377
KM@SuperiorCapitalfund.com
http://superiorcapitalfund.com/
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