[Zach]

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 think

[Regium]

Just got 100k two weeks ago and already wants to ReFi? Sounds like he's asking for too much too early

[omegafund]

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

[bdshaw]

Omegafund is right Zack. This sounds like a secured loc deal.
Bob

[nrh1lp]

Do you have a balance sheet? Also, do you know where credit is?

[Zach]

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

$100K is the payoff. He has contracts indicating he will be doing $400K of monthly revenue, and already does $280K. Also has average ledger balances of over $50K.

Anyone?

[omegafund]

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