4th position? or refinance
Need a Funder or Vendor? START HERE

Results 1 to 10 of 10
  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
    Join Date
    Aug 2015
    Location
    CALIFORNIA
    Posts
    942

    4th position? or refinance

    Construction company 5.5M gros in 2015 NET 240,128
    3 advances
    YSC 60k balance 908$
    Fundworks 57k balance 555 daily
    Fox 14k Balance 676 daily

    Who will consider refinance or 4th?

  2. #2
    Senior Member Reputation points: 32658 Zach's Avatar
    Join Date
    Nov 2013
    Posts
    1,733

    WBL or Dan Page would be good fits, depending on the file.

    Do they have real estate collateral?
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  3. #3
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Thanks Zach,

    If the client is looking for a 4th and they want to leverage RE, Zach is your guy.

    If consolidation is in order (I would have to consolidate all advances), they are looking for cash out and they don't have the RE, I would be interested talking with you to see how we can help.

    Quick insights:

    12-18 month term
    Monthly payments
    $100k min, $2M max
    Early payoff available after six months, with no fees penalties or interest (principle only)

    Feel free to reach out if you would like to discuss.

    Best,

    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com

  4. #4
    Banned Reputation points: 4530
    Join Date
    Mar 2014
    Location
    Ann Arbor, Michigan
    Posts
    1,289

    Hi brokerCompany- we would consider taking the advances out with an ABL loan including equipment and receivables. I would like to talk to you for about 2-3 minutes to introduce us and get a feel for the deal.
    Thanks, Bob Shaw
    Advance Credit Funding Corporation
    rshaw@advancecredit.com
    734-929-3800

  5. #5
    Member Reputation points: 10
    Join Date
    Mar 2016
    Location
    New York City
    Posts
    12

    Call Me

    JOHN TINAZ
    Senior Funding Manager
    Funding-zone
    1 PENN PLAZA, SUITE 3401 NEW YORK, NY 10001
    www.Funding-Zone.com
    Toll Free: (877) 490-9192
    Office : (646)542 1032
    Fax: (877) 702-2049
    Direct: (347)880-1628

  6. #6
    Senior Member Reputation points: 1240
    Join Date
    Dec 2014
    Posts
    114

    Bizbrella has had a tremendous amount of success with our consolidation program. Traditionally the merchant would have to net a certain percentage of the advance after paying off the existing balances. anywhere from 40% to 60% would be the "net amount" requirement.

    Bizbrella will pay off multiple balances and the merchant does not need to net any of the advanced amount. The idea of this and why it has been so successful is because it will consolidate the current payments into just one payment that will in essence be a lower amount that the current amount being paid on a daily / weekly basis. This will save the merchant money and make his or her book keeping a lot easier.

    Please contact me for more information. Any deal is worth taking a look at.

    Thank you for your time.

    Robert Menzel
    www.bizbrella.com
    Office: 516-299-8240
    Cell : 631-235-3423
    Email : rmenzel@bizbrella.com

  7. #7
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Broker Company,

    If the receivables are commercial (and they are doing nearly 500k per month) the aging would likely have approximately 750k to leverage. The ABL route Bob Shaw mentioned earlier is the right choice- especially since the client will not have ANY payments deducted from their account..

  8. #8
    Member Reputation points: 10 kevinkim's Avatar
    Join Date
    Mar 2016
    Location
    New York, New York
    Posts
    11

    How much is your merchant looking for on a 4th?
    Kevin Kim
    Processing Coordinator

    39 Broadway, 9th floor

    New York, NY 10006


    Phone:212-804-8083
    Direct: 646-829-9431ext: 21
    Cell: 347-532-0789
    Fax: 212-321-0599

    Untitled
    www.broadwayadvance.com
    kevin@broadwayadvance.com

  9. #9
    Quote Originally Posted by brokerCompany View Post
    Construction company 5.5M gros in 2015 NET 240,128
    3 advances
    YSC 60k balance 908$
    Fundworks 57k balance 555 daily
    Fox 14k Balance 676 daily

    Who will consider refinance or 4th?
    Message me about refinancing with Fox.
    Ben Faulding
    ISO relations

    Fox Business funding
    1st, 2nd, 3rd, 4th and 5th position funders

    O - 347-632-3329
    C - 516-524-6781

  10. #10
    Senior Member Reputation points: 305505
    Join Date
    Jun 2015
    Posts
    3,319

    Quote Originally Posted by FoxIso View Post
    Message me about refinancing with Fox.
    why ? so he should make zero money or you will pay him and screw the original iso .
    confused here

Similar Threads

  1. Looking for a Business Debt Refinance
    By NickHubbard in forum Deal Bin
    Replies: 4
    Last Post: 01-16-2016, 11:15 PM
  2. Replies: 7
    Last Post: 11-22-2015, 11:11 AM
  3. Looking to refinance equipment-based loan
    By Fundyman in forum Deal Bin
    Replies: 2
    Last Post: 05-01-2015, 12:48 PM
  4. Looking to refinance at a better rate
    By cardinalequity in forum Deal Bin
    Replies: 2
    Last Post: 01-05-2015, 11:51 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Pipe secures $100M credit facility
Cloudsquare: 14 new lender APIs
FundKite survey finds 77%


DIRECTORY