Global Transport/ Forwarder $1.0 M + Revs per month
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  1. #1
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    Global Transport/ Forwarder $1.0 M + Revs per month

    Merchant has no balances. Revs approx $1.2 M per month FICO 718 Looking for 300K 2 years rates in the teens . Any thoughts out there from direct lenders

  2. #2
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    Hi Phoenix,

    Are they factoring their receivables? We might be able to provide a revolving working capital solution that is both very flexible and cost effective.

    Best,

    Kevin
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
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    They are factoring with Access Capital NYC but they won't agree to a standstill agreement

  4. #4
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    They are currently factoring $2.5 M

  5. #5
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    Global Transport/ Forwarder $1.0 M + Revs per month

    Phoenix, am I correct that what you mean by standstill is they will not allow any debt behind them?
    Would your client consider an ABL with 300k in a term loan?
    Bob

  6. #6
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    Would definitely like to take a look at this file, 2 year term is a definite possibility with the credit score, and the 300k should be easy.

    Daniel
    Samson Funding
    347-682-5727
    Daniel@SamsonFunding.com

  7. #7
    Senior Member Reputation points: 32658 Zach's Avatar
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    If they have real estate collateral WBL can provide multiple-year terms for up to 2X their monthly revenue
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  8. #8
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    Phoenix - If the net income (not just bank deposits) is strong I might be able to make this work. While we normally charge more and our max term is typically 18 months, we are experimenting with longer terms and lower rates. Looking at funding a transport company right now with these terms. The client has to be solid though.

    I am a direct lender.

    If this is of interest, please feel free to reach out.

    Best,

    Dan Page
    dan@fundingstrategypartners.com

  9. #9
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    Quote Originally Posted by dpFund View Post
    Phoenix - If the net income (not just bank deposits) is strong I might be able to make this work. While we normally charge more and our max term is typically 18 months, we are experimenting with longer terms and lower rates. Looking at funding a transport company right now with these terms. The client has to be solid though.

    I am a direct lender.

    If this is of interest, please feel free to reach out.

    Best,

    Dan Page
    dan@fundingstrategypartners.com
    Dan
    Can you fund behind a factoring company? I have a company with similar situation and revenues

  10. #10
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    Quote Originally Posted by omegafund View Post
    Dan
    Can you fund behind a factoring company? I have a company with similar situation and revenues
    Yes I can - We do it all the time. We just set up an intercreditor agreement with the factor.

    Best - Dan

  11. #11
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    Good Morning,

    I work for a direct merchant lender, JD Merchant Capital, based out of Hartford, CT. I saw your request for funding and I would like to extend my services in helping you to secure the loan you are looking for if you haven't received the funding already.

    I can offer Long/Short Term Loan options with interest rates as low as 6%. Please feel free to contact me directly at (860) 906-1302 or via email at Amy.JDMerchantcapital@outlook.com[/email]

    I look forward to hearing from you and hope we can do business.

    Sincerely,

    Amy C. Riddle
    Last edited by AmyCRiddle1212; 05-16-2016 at 12:01 PM.

  12. #12
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    Good Morning,


    I work for a direct merchant lender, JD Merchant Capital, I saw your request for funding and I would to extend my services in helping you to secure the loan you lookingor if you are still looking.

    Please feel to contact me directly at (860) 906-1302 or via Email at Amy.JDMerchantcapital@outlook.com

    I look forward to hearing from you.

    Sincerely,

    Amy C. Riddle

  13. #13
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    Global Transport/ Forwarder $1.0 M + Revs per month

    outlook.com???

  14. #14
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    what states are you licensed in?

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