[fundnow]

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

[Funder Mark]

$2.5 Million a month, or year? What industry?

[fundnow]

A month

[bsmith]

Dan Page can help you if the financials support it

[fundnow]

How long does Dan take?

[bdshaw]

What is your clients business?
Bob

[Zach]

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.

[dpFund]

Dan Page can help you if the financials support it

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

[RichardGerard]

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.

[gerayin]

I have the solution. Pm'ed