Travel Agency
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  1. #1
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    Travel Agency

    Having an issue finding the right lender.

    Yearly Business Deposits $13M
    Amount requested $800k
    TIB - 8 years
    Locations 4
    Owner Credit 718
    1 nsf in 6 months
    No Neg Days

    Anyone have a suggestion?

  2. #2
    Veteran Reputation points: 135672 Chambo's Avatar
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    for that size, the avg daily balance is going to be important. Plus, most funders that would consider this size deal want to see financials to ensure the merchant is profitable

  3. #3
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    If the client has healthy net income (not just big deposits), I don't have a problem with funding the industry or the requested amount.

    12-18 month term
    Monthly payments
    Early payoff any time after six months, with no fees, penalties or interest charges

    Let me know if you would like to discuss.

    Thanks

    Dan Page
    dan@fundingstrategypartners.com
    303-938-8280

  4. #4
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    is it azumano from Portland OR?
    Andrew J. McDonald
    Director of ISO Development
    Yellowstone Capital LLC
    1 Evertrust Plaza
    Suite 1401
    Jersey city, NJ 07302
    PH - 347.464.0785
    FX - 646.213.1790

  5. #5
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    Quote Originally Posted by AndyYSCISOdept View Post
    is it azumano from Portland OR?
    No.

  6. #6
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    We would be happy to look and perhaps make offer but NOT 800K at once. we do a lot of travel!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  7. #7
    Senior Member Reputation points: 3217 CO1's Avatar
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    Travel Agency

    Quaterspot, Viking, Knight, To name a few!

  8. #8
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    Quote Originally Posted by CO1 View Post
    Quaterspot, Viking, Knight, To name a few!
    Maybe if you do all 3 lol

  9. #9
    Quote Originally Posted by AndyYSCISOdept View Post
    is it azumano from Portland OR?
    Hahaha I remember that guy S** Doz***. Had about 10 pages of inquiries on the credit report..every house must've seen that one twice

  10. #10
    Senior Member Reputation points: 32658 Zach's Avatar
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    Travel Agency

    Even if the financials are terrible, WBL would be a great fit for a deal like this. Tough industry, large loan size, and long term.. Ideal WBL deal
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  11. #11
    Senior Member Reputation points: 12878
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    Does each location operate out of a different business checking account, or does everything funnel in to one? A term loan may be a better fit for this merchant if you have not tried that already.

  12. #12
    Senior Member Reputation points: 64
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    Travel Agency

    We can go up to 800k + on a first. Any other positions we can get 6 figures on if additional capital is needed if you get the deal done with another source.

    Mike@samsonpartnersllc.com
    347-492-1801

  13. #13
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    Was able to secure initial funding at $350k with additional tranches with Evolution. Thank you everyone for your suggestions.

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