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  1. #1

    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.

  2. #2
    Senior Member Reputation points: 340530
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    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

  3. #3
    Banned Reputation points: 4530
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    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

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    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

  5. #5
    Senior Member Reputation points: 7360
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    For this amount, you should check out Steve Safirstein or Carl Fairbank from Breakout Capital. Search for them here and you will find them.

  6. #6
    Quote Originally Posted by dpFund View Post
    For this amount, you should check out Steve Safirstein or Carl Fairbank from Breakout Capital. Search for them here and you will find them.
    I second that

    (Assuming, of course, that they don't have real estate)
    Last edited by rick_clsfunding; 05-27-2016 at 11:17 AM.

  7. #7
    Senior Member Reputation points: 64
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    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

  8. #8
    Quote Originally Posted by dpFund View Post
    For this amount, you should check out Steve Safirstein or Carl Fairbank from Breakout Capital. Search for them here and you will find them.
    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

  9. #9
    Senior Member Reputation points: 1158
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    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

  10. #10
    We restructure these all day. Then offer traditional money. 2 products and 2 commissions.
    jimmy@sigicancapitalcorp.com

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