Two Tough Deals
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  1. #1
    Senior Member Reputation points: 5034 AlexSMF's Avatar
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    Quote Originally Posted by Zach View Post
    Hello,

    I have two unique situations:

    1. Construction company who defaulted on 2 lenders a year ago after successfully paying 3 advances off with each of them. Reason for default was they had a partner who embezzled $100K from the business.

    -Business has $500K of monthly revenue
    -Business has a current advance with an A-Paper lender for $75K
    -Business has letters from the lender they defaulted on stating that they have repaid in full and honored their debt
    -590 FICO
    -6-10 deposits monthly
    -Average balances $30K or greater
    -0 Negative days and NSFs
    -Needs 9-month 1.39 or better paying 12 or more to myself
    -Needs $300K or greater




    2. Marketing company who has approximately $25MM of gross annual revenue.

    -Business has $2MM of monthly revenue
    -Business has a current advance with a C-Paper lender for $280K
    -680 FICO
    -50 to 80 deposits monthly
    -Average balances $200K or greater
    -0 Negative days and NSFs
    -Needs 9-month 1.29 or better paying 5 or more to myself
    -Needs $750K or greater
    Zach, not sure if he would definitely be able to do this but reach out to Matt Fox at Foxii funding. I will PM you his contact info if you would like.

  2. #2
    Senior Member Reputation points: 2126
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    Zach, I can work with deal number 2... PM me..

    Mike

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