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05-05-2016, 02:23 PM #1
- Join Date
- Apr 2015
- Location
- New York City & Florida
- Posts
- 82
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
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05-05-2016, 02:26 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
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,
KevinKevin 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
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05-05-2016, 02:40 PM #3
- Join Date
- Apr 2015
- Location
- New York City & Florida
- Posts
- 82
They are factoring with Access Capital NYC but they won't agree to a standstill agreement
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05-05-2016, 02:57 PM #4
- Join Date
- Apr 2015
- Location
- New York City & Florida
- Posts
- 82
They are currently factoring $2.5 M
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05-05-2016, 02:57 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
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
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05-05-2016, 03:00 PM #6
- Join Date
- Oct 2014
- Location
- New York
- Posts
- 53
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
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05-05-2016, 03:11 PM #7
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
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05-05-2016, 03:59 PM #8
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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
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05-05-2016, 04:28 PM #9
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
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05-05-2016, 04:34 PM #10
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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05-16-2016, 11:51 AM #11
- Join Date
- May 2016
- Posts
- 16
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. RiddleLast edited by AmyCRiddle1212; 05-16-2016 at 12:01 PM.
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05-16-2016, 12:01 PM #12
- Join Date
- May 2016
- Posts
- 16
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
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05-16-2016, 12:04 PM #13
Global Transport/ Forwarder $1.0 M + Revs per month
outlook.com???
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05-16-2016, 12:07 PM #14
what states are you licensed in?
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