Wolesaler needs additional cash
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  1. #1

    Wolesaler needs additional cash

    I have a seafood wholesaler who needs some additional cash. He was averaging about $28k per month in Q1 but has since picked up some new clients and his sales are soaring. He did $130k in April and is at $60k mtd so far in May. He has 3 small deals that he took out in April to help fund that growth. 1 for $8k, one for $9k and one for $14k.

    He needs as much cash as possible to continue to fuel his growth. No brokers, no super brokers, direct funders only.

  2. #2
    Senior Member Reputation points: 2126
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    We are a direct lender and can do this deal...

    mikel@nightstarcs.com

  3. #3
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    Hi there,

    I am a direct funder and do a lot of consolidations with cash out, which appears to be what the client seeks. My minimum funding amount is $100k. I would need to pay off the first three loans as part of the funding. Monthly payments with our funding model. Based upon the rough numbers you have stated above and assuming average net income of about 10% (big assumption), I may be able to help.

    If the client is seeking less than $100k in total funding, you may want to seek out Carl Fairbank from Breakout.

    Feel free to reach out.

    Best,

    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com

  4. #4
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    Wolesaler needs additional cash

    We factor a lot pf seafood wholesalers and can even provide extra availability by funding his suppliers overseas, which will help him obtain more credit or extend its current payment terms to suppliers. If the client sells on open terms and has open receivables we can help them grow by factoring his receivables and even considering funding his POs. Feel free to reach out if interested. Good luck!

  5. #5

    Everest Business Funding is a Direct Funder

    Hello my name is Leyla Lopez and I am a Business Development Manager with Everest Business Funding in the South Florida market. Everest Business Funding is a direct lender that offers Merchant Cash Advances with terms as long as 12 months. Please reach out to me or send me your information so we can get to know each other a little better. Below is my contact information:


    Email: leyla.lopez@everestbusinessfunding.com

    Best regards,
    LEYLA M. LOPEZ
    ISO RELATIONSHIP MANAGER - EVEREST BUSINESS FUNDING
    786-838-5570
    WWW.EVERESTBUSINESSFUNDING.COM

  6. #6
    Banned Reputation points: 10
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    Good Morning,

    I work for a direct lender, JD Merchant Capital, based out of Hartford, CT and I saw your request for funding. Where we extend Small Business Loans, Cash Buyout Programs as well as Lines of Credit. I would like to extend my services in helping you secure the loan you looking for.

    We interest rates that start as low as 6% and we base it on your monthly gross sales as opposed to personal or business credit score.

    Please feel free to contact me directly at (860) 906-1302 or via Email at Amy.JDmerchantcapital@outlook.com Thank you for your time and consideration, I look forward to hearing from and crafting a custom package that will benefit you and your business.

    Sincerely,

    Amy C. Riddle

  7. #7
    Senior Member Reputation points: 8656
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    Quote Originally Posted by AmyCRiddle1212 View Post
    via Email at Amy.JDmerchantcapital@outlook.com Thank you for your time and consideration, I look forward to hearing from and crafting a custom package that will benefit you and your business.

    Sincerely,

    Amy C. Riddle
    You should probably 'craft' a premium email before you start soliciting.
    Tommy Stein

  8. #8
    Banned Reputation points: 4530
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    If your client has accounts receivable, not usual for that industry, then VFG has hit the nail on the head.
    Another advance or consolidating advances would just hold them for a short time and not allow for their future growth.
    I urge you to discuss the situation with VFG because that sounds like the most reasonable approach. Your client needs a line of credit in the form of an ABL.
    Bob

  9. #9
    Member Reputation points: 10 kevinkim's Avatar
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    I can take a look at the deal for you. We are a direct lender.


    kevin@broadwayadvance.com
    Kevin Kim
    Processing Coordinator

    39 Broadway, 9th floor

    New York, NY 10006


    Phone:212-804-8083
    Direct: 646-829-9431ext: 21
    Cell: 347-532-0789
    Fax: 212-321-0599

    Untitled
    www.broadwayadvance.com
    kevin@broadwayadvance.com

  10. #10
    Senior Member Reputation points: 7360
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    Quote Originally Posted by AmyCRiddle1212 View Post
    Good Morning,

    I work for a direct lender, JD Merchant Capital, based out of Hartford, CT and I saw your request for funding. Where we extend Small Business Loans, Cash Buyout Programs as well as Lines of Credit. I would like to extend my services in helping you secure the loan you looking for.

    We interest rates that start as low as 6% and we base it on your monthly gross sales as opposed to personal or business credit score.

    Please feel free to contact me directly at (860) 906-1302 or via Email at Amy.JDmerchantcapital@outlook.com Thank you for your time and consideration, I look forward to hearing from and crafting a custom package that will benefit you and your business.

    Sincerely,

    Amy C. Riddle
    Didn't take long for her to get banned!

  11. #11
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by dpFund View Post
    Didn't take long for her to get banned!
    another one bites the dust
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  12. #12
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by dpFund View Post
    Didn't take long for her to get banned!
    The really funny thing is that I know JD Merchant Capital, they are a legit ISO, I don't know about them being a funder, but I can't figure out why she was using a free email.

  13. #13
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    Quote Originally Posted by Funder Mark View Post
    The really funny thing is that I know JD Merchant Capital, they are a legit ISO, I don't know about them being a funder, but I can't figure out why she was using a free email.
    ...and spamming the sh*t out of every post claiming to be a direct lender.

  14. #14
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Quote Originally Posted by Funder Mark View Post
    The really funny thing is that I know JD Merchant Capital, they are a legit ISO, I don't know about them being a funder, but I can't figure out why she was using a free email.
    "I work for a direct lender," is what she wrote.

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