Results 1 to 10 of 10
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03-15-2016, 05:03 PM #1
- Join Date
- Dec 2015
- Posts
- 51
Consolidation
Merchant doing 2.5 millon, Has around 600k out in advances looking for a consolidation. High credit score,Dailys are around 100k every daY
THANK yOU
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03-15-2016, 05:05 PM #2
$2.5 Million a month, or year? What industry?
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03-15-2016, 05:11 PM #3
- Join Date
- Dec 2015
- Posts
- 51
A month
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03-15-2016, 05:11 PM #4
- Join Date
- Sep 2015
- Location
- Miami, Fl
- Posts
- 148
Dan Page can help you if the financials support it
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03-15-2016, 05:16 PM #5
- Join Date
- Dec 2015
- Posts
- 51
How long does Dan take?
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03-15-2016, 05:40 PM #6
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Consolidation
What is your clients business?
Bob
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03-15-2016, 08:59 PM #7
WBL would potentially be a great fit for this one. If the client has real estate collateral we can fund it fairly quickly and for a much larger loan amount than the $600K he owes.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-16-2016, 12:57 AM #8
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Thanks for thinking of me.
Fundnow - Please feel free to reach out to me via email or phone.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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03-16-2016, 07:39 AM #9
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Morning.. When I hear that a client has 600k out in advances I immediately wonder what other liabilities are on the balance sheet. Are their sales trending up or down? Are they showing positive EBITDA #'s?
If the client is doing 'well' and has Senior Debt (a UCC 1 from a bank or ABL Lender) with 600k behind it in ACH debits, Mezzanine Finance is the direction to lean towards. These folks charge between 17-22% and will buy out the advances with a lengthy term (typically 3-5 years).
The UW times can be swift if the client is organized and their data is transparent.
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03-17-2016, 12:16 PM #10
- Join Date
- May 2014
- Posts
- 53
I have the solution. Pm'ed
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