Results 1 to 7 of 7
Hybrid View
-
07-12-2016, 01:33 PM #1
100% Payoff with no seasoning
Hello,
Unique deal I'd like some suggestions on:
- Software company
Owes $100K to current lender
Just funded with current lender 2 weeks ago
Deposits between 200-280K monthly
Has contracts indicating their revenue will increase substantially over the next 6 months
Decent credit score but very little credit depth (660+ fico)
1st position ONLY
Need to pay off $100K to current lender and preferably net $100K over 12-18 months (will not accept less than 10-12 month term)
Let me know what you guys thinkZachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
- Software company
-
07-12-2016, 02:11 PM #2
Just got 100k two weeks ago and already wants to ReFi? Sounds like he's asking for too much too early
-
07-12-2016, 02:14 PM #3
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 730
Is the current initial advance amount 100k or is that the payoff? I suggest he use his Real Estate and Call WBL!
Or perhaps invoice factoring if he has AR ledger with B2B activity
-
07-12-2016, 02:42 PM #4Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
-
07-12-2016, 02:31 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
100% Payoff with no seasoning
Omegafund is right Zack. This sounds like a secured loc deal.
Bob
-
07-12-2016, 02:32 PM #6
- Join Date
- Jan 2016
- Posts
- 435
Do you have a balance sheet? Also, do you know where credit is?
-
07-12-2016, 02:59 PM #7
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 730
Why not one of the term lenders? Sounds like he wants a loan against contracts and not billed invoices. I am not aware of anyone that funds against contracts.
get him done before another guy gives him a 2nd
Similar Threads
-
Payoff Letter
By Yesfund in forum Merchant Cash AdvanceReplies: 8Last Post: 05-27-2015, 02:46 PM -
pharmacy for 1st pos payoff
By WhoisKingsley in forum Deal BinReplies: 5Last Post: 01-07-2015, 11:39 PM -
NEED SOMEONE TO PAYOFF 60k BALANCE AND GET MORE $$$$
By getlikwid247 in forum Deal BinReplies: 3Last Post: 10-22-2014, 12:04 PM -
Payoff letters.....
By fundgorilla in forum Merchant Cash AdvanceReplies: 6Last Post: 09-24-2014, 01:28 PM -
payoff of 120k
By merchantcatalyst in forum Deal BinReplies: 3Last Post: 05-21-2014, 08:05 PM