First position for 1.5mil in place need a second to provide additional cash
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  1. #1

    First position for 1.5mil in place need a second to provide additional cash

    Company is doing over 40 million a year in order fulfillment
    Has a commitment in place for 1.5 million to consolidate their 30K a day payments new payments will 106K per month saving them 400K.

    They will only take the first if they can 700-800K in place as second position preferably 20 months.

    Contact Jodi 631.613.1403

  2. #2
    Senior Member Reputation points: 54989
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    Send to Cresthill Capital will give you are best offer....Recently Cresthill has been very competitive with offers always in a few hours + contracts come with fewest stips and funds as soon as contracts-back-in!

    bizdev@cresthillcapital.com
    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

  3. #3
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    Quote Originally Posted by JHausen View Post
    Company is doing over 40 million a year in order fulfillment
    Has a commitment in place for 1.5 million to consolidate their 30K a day payments new payments will 106K per month saving them 400K.

    They will only take the first if they can 700-800K in place as second position preferably 20 months.

    Contact Jodi 631.613.1403
    Need to know more info......
    -Assuming 40mil in sales to commercial customers
    -3.3mil month in AR outstanding
    -90% advance on AR

    Would probably wind up with a $4mil facility with us and paying less than 12% on an annualized basis on a factoring deal. Much better on an ABL deal. Need to learn more.
    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

  4. #4
    This deal sounds very familiar WBF ?

  5. #5
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    WBF is no longer out there..

  6. #6
    Senior Member Reputation points: 3217 CO1's Avatar
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    What do you guys know about WBF?

  7. #7
    Senior Member Reputation points: 32658 Zach's Avatar
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    If the client has real estate collateral, WBL can offer terms of that length for those dollar amounts.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  8. #8
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    JHausen
    Have you considered any other alternatives to cash advance?
    Bob Shaw

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