[Lender Of Gold]

General:

14 years in business, import/export fragrance wholesaler. Owns his home, has liquidity in cash (75k), retirement (92k) and securities (112k).

Cash Flow:

163k monthly spread out among 3 accounts. 1.9M in 2013 and 2.5M in 2014 annual revenues, gross profit went up 66% from 2013-2014. 2015 taxes are still pending but 2015's annual was 2.3 M.

Right now his monthly A/R's are about 150-200k, but peak months ranges from 250-300k which turns every 60-75 days.

Outstanding Debt:

5 traditional loans/LOCs out with Santander, Chase, and Sovereign banks with low monthly payments all with 5 year terms except for one with 10 year.

Total outstanding balances are ~390k, 5 monthly payments totaling ~11k.

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Client is looking to pay off all traditional lines and consolidate under one lender/entity, net the rest of capital for inventory.

Seeking a long-term product of 5+ years and around 500-750k. We have already tried FundingCircle (too overleveraged), Fundation (hard cap of wholesalers 150k+). Still out with Dealstruck.

Client will not accept MCA rates.