Results 1 to 13 of 13
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06-06-2016, 03:03 PM #1
- Join Date
- May 2016
- Location
- New Jersey
- Posts
- 31
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?
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06-06-2016, 03:07 PM #2
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
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06-06-2016, 03:08 PM #3
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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
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06-06-2016, 03:35 PM #4
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
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
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06-06-2016, 03:55 PM #5
- Join Date
- May 2016
- Location
- New Jersey
- Posts
- 31
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06-06-2016, 06:04 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
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
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06-06-2016, 08:55 PM #7
Travel Agency
Quaterspot, Viking, Knight, To name a few!
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06-06-2016, 09:21 PM #8
- Join Date
- Jun 2015
- Posts
- 3,325
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06-06-2016, 10:55 PM #9
- Join Date
- Mar 2015
- Posts
- 78
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06-07-2016, 01:45 AM #10
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
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06-07-2016, 10:28 AM #11
- Join Date
- Jan 2016
- Posts
- 435
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.
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06-08-2016, 04:47 PM #12
- Join Date
- Jul 2014
- Posts
- 196
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
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06-28-2016, 10:32 PM #13
- Join Date
- May 2016
- Location
- New Jersey
- Posts
- 31
Was able to secure initial funding at $350k with additional tranches with Evolution. Thank you everyone for your suggestions.
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