Substantial Retailer seeks short term CC Split Bridge
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  1. #1
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    Substantial Retailer seeks short term CC Split Bridge

    Client already has multiple positions (over $50M Annually) seeks 1-2 month Bridge to close $6M credit facility (term sheet signed- due diligence started).

    Client willing to do CC Splits (not enough time to change processors- actually a sweep agreement).. Cash Flow Robust.. Never a payment missed. Needs immediate Capital infusion for Inventory. 10% Holdback would be equal to 500k.

    Email interest or PM...

    rg@businesscapitalconsultants.com

  2. #2
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    Substantial Retailer seeks short term CC Split Bridge

    Is this a flower shop?

  3. #3
    Richard send it my way...thanks!!

    Jay@multinationalgroup.us

  4. #4
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    Quote Originally Posted by RichardGerard View Post
    Client already has multiple positions (over $50M Annually) seeks 1-2 month Bridge to close $6M credit facility (term sheet signed- due diligence started).

    Client willing to do CC Splits (not enough time to change processors- actually a sweep agreement).. Cash Flow Robust.. Never a payment missed. Needs immediate Capital infusion for Inventory. 10% Holdback would be equal to 500k.

    Email interest or PM...

    rg@businesscapitalconsultants.com
    So merchant is looking for 500K as a bridge ? 1 to 2 months ?

  5. #5
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    Where are bonded warehouses when you need them This may be worth a little time on my part.
    Where are these folks located Richard and what is the inventory?
    Are there ny lien problems?

  6. #6
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    Hey thanks for reaching out Bob.. Inventory is perishable.. They have a long term facility pending- have paid their document and due diligence etc..

    Need short term CC sweep... That's all

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