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05-27-2016, 10:26 AM #1
- Join Date
- Feb 2015
- Posts
- 51
consolidation
I have a food wholesaler who is exploding in growth. May MTD is $272K. April was 123K. He is about a month and half into three small positions, $14k, $9k, and $8k. He would like to consolidate those positions and get as much cash as possible. Direct Funders only, no posers. Let me know what you can do.
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05-27-2016, 10:27 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
Call me. We might be able to help.
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
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05-27-2016, 10:40 AM #3
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
consolidation
Does your client offer terms or are sales COD?
If you leave out ABL,brokers you may be doing a diservuce to your client and yourself.
Bob
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05-27-2016, 10:44 AM #4
consolidation
WBL would get him the most cash out of anyone else, assuming he has real estate
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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05-27-2016, 10:57 AM #5
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
For this amount, you should check out Steve Safirstein or Carl Fairbank from Breakout Capital. Search for them here and you will find them.
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05-27-2016, 11:14 AM #6
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
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05-27-2016, 01:01 PM #7
- Join Date
- May 2016
- Posts
- 42
Thanks Dan! This sounds like a great merchant for our consolidation product. We have no max number of positions we can consolidate and no required (though as you stated this merchant is looking to net as much as possible). We also have very merchant-friendly renewals where our products act more like a line of credit so when the merchant renews with us, they can draw the repaid principal portion at anytime without repaying the outstanding loan - this is a true add-on feature without the interest-on-interest other firms charge. Feel free to call or email me to discuss this deal and program further.
Steven Safirstein
Director of Sales & Head of ISO Relations
Breakout Capital Finance, LLC
6849 Old Dominion Drive, Suite 360, McLean, VA 22101
O: 703 852 6013
steven@breakoutfinance.com
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05-27-2016, 11:59 AM #8
- Join Date
- Jul 2014
- Posts
- 196
consolidation
When were the 3 positions taken out and with what companies? Were any taken out in May? We can consolidate because they are small balances but just want to know the true revenue each month. Please feel free to contact me if you haven't found assistance.
Mike@samsonpartnersllc.com
347-492-1801
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06-07-2016, 12:27 PM #9
- Join Date
- Apr 2015
- Location
- Morristown, NJ
- Posts
- 100
I'm just going to copypasta what I posted elsewhere, I haven't checked the board in a few weeks and unfortunately missed this post.
We do consolidations every day. Here's a good example: We had a client that came in owing 175k to 5 different companies, he was paying $4208/day. He did 175k/month, so I qualified him for the 175k. We paid off all 5 positions, taking a 1st. Even though we gave him 175k @ 1.48 for 6 months, we dropped his daily payment to $1962.12/day, freeing up $2246/day in cashflow.---------------------------------------------------------
Rich McKellar
www.linkedin.com/in/richardmckellar
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08-20-2021, 09:06 AM #10
- Join Date
- Jul 2021
- Posts
- 74
We restructure these all day. Then offer traditional money. 2 products and 2 commissions.
jimmy@sigicancapitalcorp.com
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