Results 1 to 13 of 13
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04-02-2016, 02:20 PM #1
Wholesale Auto Parts Business Needs Cash Advance
Hey All,
I have a client that's looking for a cash advance in order to purchase equipment needed for expansion.
Time in business: 5 years +
Credit: TransUnion 789, Experian 761, Equifax 686
NSFs: None
Client provided me with 3 months business bank statements
Jan bank statement: Deposits: $20,834-Average Balance: 3,149
Feb bank statement: Deposits: $33,514-Average Balance: 5,370
Mar bank statment: Deposits: $48,735-Average Balance: 21,630
Looking for a direct lender who can get this done quickly at the best rate! PM or Comment Below if you can get this done!Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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04-02-2016, 02:23 PM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Wholesale Auto Parts Business Needs Cash Advance
Hi Nick, this may be better for your client if written as a lease
Bob
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04-02-2016, 02:33 PM #3
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
How much is he/she looking for? Based on the preliminary info provided, we should be able to get this done in the 1.1s or 1.2s (depending on commission, dollar amount, and a few other variables). Please reach out to me or steven@breakoutfinance.com if you aren't signed up with us yet.
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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04-02-2016, 03:25 PM #4
- Join Date
- Dec 2014
- Posts
- 114
Easy deal to get done.
But what rates / terms is this merchant looking for ?
Robert Menzel
516-299-8240
631-235-3423
rmenzel@bizbrella.com
www.bizbrella.com
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04-02-2016, 04:21 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Wholesale Auto Parts Business Needs Cash Advance
Nick, what's the size of the lease?
Give me A call and I'll connect you with a lender. You will earn the same commission but get much better terms than a MCA
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04-02-2016, 04:29 PM #6Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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04-02-2016, 04:42 PM #7
- Join Date
- Jul 2014
- Posts
- 1,746
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04-02-2016, 05:21 PM #8Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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04-02-2016, 05:33 PM #9Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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04-02-2016, 05:57 PM #10
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
I agree with all statements here -- while we'd love a shot at the deal, the lease would be the option that makes the most sense financially (would definitely be the cheaper than even the lowest cost cash advance). But if he insists on a cash advance or loan, we should be able to be aggressive on price
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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04-03-2016, 08:59 AM #11
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Wholesale Auto Parts Business Needs Cash Advance
Go get them Nick.
Bob
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04-03-2016, 07:57 PM #12
- Join Date
- Apr 2014
- Location
- New York
- Posts
- 274
Wholesale Auto Parts Business Needs Cash Advance
if you are still looking for an advanc email sales@frasersfinancial.com we can get you an offer fast. also with those types of credit scores, we can get him bank lines of credit, 0 down interest free for 6 to 12 months up to 150k. this would be a great alternative option.
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04-04-2016, 07:52 AM #13
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Wholesale Auto Parts Business Needs Cash Advance
AMERICApural, is this a credit card program?
Bob
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