Results 1 to 20 of 20
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07-21-2016, 01:04 PM #1
Looking for a first postion {A paper}
Merchant makes 800-900k monthly.
No hiding issues.
Has a first position, 3666.66 daily. 1st position balance of 525k.
Looking to lower his payment before end of this month and possibly net a couple of dimes.
Whos got the nuts?
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07-21-2016, 01:14 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
I believe right now more A paper companies then B/C/D houses. Should not be hard to find a good one.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-21-2016, 01:18 PM #3
Placing to payoff 525K to me has been an issue. I execute my merchants with a 50cal not a shotgun. Can you recommend anybody that will payoff 525k?
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07-21-2016, 01:19 PM #4
Can you recommend anybody that will payoff 525k?
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07-21-2016, 01:20 PM #5
It would probably be easier for the client to get a monster 2nd position, then to clear that amount.
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07-21-2016, 01:23 PM #6John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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07-21-2016, 01:23 PM #7
Seems like something Dan Page would want to look at if the financials are strong and nets are high... As in actual A paper, rather than "A" paper.
Aaron McCarthy | Senior Account Executive
352 Sonwil Drive | Buffalo, NY 14215
Direct Funder up to $150k
A,B,C&D Paper
Direct (516) 209.2159
Mobile (716) 348.1660
Fax (888) 848.0109
www.fundingmerchantsource.com
A+ Rated with the BBB: http://www.bbb.org/losangelessilicon...each-ca-268003
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07-21-2016, 01:23 PM #8
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07-21-2016, 01:23 PM #9
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
HFS - The client is paying about $77k monthly. If the numbers shake out and we were able to fund him, I could get his payment down to about $41k, (the equivalent of about $1,952 daily), but I am stacked with funding other clients and would not be able to get him done by the end of the month.
If there is interest, feel free to reach out. Our payments are monthly and clients can pay us off any time after six months with no fees, penalties or interest.
Best,
Dan Page
dan@fundingstrategypartners.com
Direct: (303) 938-8280
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07-21-2016, 01:24 PM #10
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07-21-2016, 01:24 PM #11
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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07-21-2016, 01:25 PM #12
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07-21-2016, 01:26 PM #13
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
I have no problem paying off high consolidations if the numbers work. Just consolidated a trucker a couple weeks ago with a $600k balance, and gave him additional $500k in working capital...because his numbers were great! Our max funding amount is $2MM.
Best,
Dan Page
dan@fundingstrategypartners.com
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07-21-2016, 01:27 PM #14
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07-21-2016, 01:53 PM #15
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
HFS,
Are they selling to commercial customers on terms? With 900K a month in volume, they probably have a good amount of AR outstanding. Depending on the industry and customers, you should have more than enough availability to take out the first position and provide extra liquidity by factoring. If the Company qualifies, an ABL facility would do the same and be more cost effective.
Best,
KevinKevin 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
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07-21-2016, 02:19 PM #16
- Join Date
- Dec 2013
- Posts
- 4,713
I would be happy to get you a quote on the file in the next 2 hours. As long as its not Used Auto.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-21-2016, 02:23 PM #17
- Join Date
- Jul 2015
- Posts
- 1,202
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07-21-2016, 02:24 PM #18
- Join Date
- Jun 2015
- Posts
- 3,325
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07-21-2016, 02:27 PM #19
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07-21-2016, 04:10 PM #20
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
HFS,
TO buy out 525k when the client is doing 9M plus per year is not really a challenge. Several substantial folks have offered their services on this thread. Knowing more specifics will enable you to get a real response.
Does the client have any other debt on the balance sheet besides the advance? Most of the time when an ISO requests I view a deal that has 1 MCA position invariably the client has Senior Debt as well. If the MCA debt is the only debt they have there are several easy fixes (even if there is more debt there may be multiple solutions).
Kevin @ Seacoast asked about commercial receivables.. If the client has assets on the Balance Sheet other than Shareholders Equity or Goodwill- they don't need to be profitable to assist. As what he does takes some time- waiting until next month won't help you or your client if he is rate sensitive.
Dan at FSP might be a viable option as well- again it all depends on the Financials and specifics..
If Seacoast is not interested in the business type, and the firm has been losing money (eliminating Dan)- some of the Hedge and Private Equity funds I work with will likely be able to assist with transitional funds. Depending on the collateral and based on the revenue I can line up a 1.5M facility within 3 weeks or so. Terms will be for approximately 2 years. Not knowing anything about the client other than the revenue and Advance debt I can't say definitively what the best course of action is..
Reach out should you wish for some assistance..
www.businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 11743
Richard 516 510 3855 Direct
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