[RogueCaliISO]

I have a client that I met that has a 46k balance with Ondeck and a Kabbage loan with a balance of 61k

His business does 200k+ in deposits monthly, no negative days, solid average balances.

Rapid Advance offered them 170k, but pulled the offer because he does not have a balance sheet and P&L drafted for the year.......PLUS they have a new policy now where they have to pay off kabbage loans over 30k......

Since the merchant needs to net 50% and the max they can get him is 170k.... the deal died.

The guy is super cool, he is paying close to 12k a month to service both ondeck and kabbage....

Can easily flip the capital which he will be using to pay contractors, and for inventory, and wouldn't mind reducing his monthly payments towards the loans...

Any serious lenders out there that can help me with this one?

[Zach]

World Business Lenders is probably the best fit for this client, assuming they have real estate collateral.

We have no payoff rules (no need to net), we can offer up to $340K based on your cashflow estimate, and we can extend his term up to 18-36 months if he needs a low payment.

Feel free and give me a call tomorrow and we can discuss.

[bsmith]

Give Matt at Foxii Funding a call, he might be able to help you out here. Is it 2015's P&L and BS that he is missing or current year?

[CO1]

Bsmith- do you have Foxii number?

[bsmith]

Bsmith- do you have Foxii number?

I PM'ed you, alternatively you can call (888) 848-9893 and ask for Matt

[eljets11]

Does he have a decent credit score ? If so, I can get the deal done without financials. Please email me at elevine@ezbizcap.com

[kevinkim]

If you want I can take a look at the file. Have my underwriters take a look at it. Or if you like you can try Business Backer, I know they don't count Kabbage as and advance. Give Ty a call at Business Backer.