Results 1 to 14 of 14
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05-16-2016, 06:16 AM #1
- Join Date
- Feb 2015
- Posts
- 51
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.
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05-16-2016, 08:27 AM #2
- Join Date
- Apr 2016
- Location
- Florida
- Posts
- 133
We are a direct lender and can do this deal...
mikel@nightstarcs.com
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05-16-2016, 08:45 AM #3
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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
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05-16-2016, 09:57 AM #4
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
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!
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05-16-2016, 10:17 AM #5
- Join Date
- Feb 2016
- Posts
- 3
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
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05-16-2016, 10:28 AM #6
- Join Date
- May 2016
- Posts
- 16
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
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05-16-2016, 10:36 AM #7
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
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05-16-2016, 11:24 AM #8
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
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
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05-16-2016, 02:32 PM #9
I can take a look at the deal for you. We are a direct lender.
kevin@broadwayadvance.comKevin 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
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05-16-2016, 03:58 PM #10
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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05-16-2016, 04:04 PM #11John 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
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05-17-2016, 01:41 PM #12
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05-17-2016, 01:42 PM #13
- Join Date
- Jul 2014
- Posts
- 1,746
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05-17-2016, 01:45 PM #14
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