[HFS]

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?

[mcaguru]

I believe right now more A paper companies then B/C/D houses. Should not be hard to find a good one.

[HFS]

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?

[HFS]

Can you recommend anybody that will payoff 525k?

[Funder Mark]

It would probably be easier for the client to get a monster 2nd position, then to clear that amount.

[J.Celifarco]

Can you recommend anybody that will payoff 525k?

thats just too big a number for any company to pay off no matter how good the deal looks

[BoostAaron]

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.

[HFS]

It would probably be easier for the client to get a monster 2nd position, then to clear that amount.

100% easier; agreed. BUT thats not what we need at the moment.

[dpFund]

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

[HFS]

thats just too big a number for any company to pay off no matter how good the deal looks

Presented in the right somebody has to be interest. Ive seen some crazy deals.

[dpFund]

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.

Ha! Thank you. I was writing a response as you posted!

[HFS]

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.

Dan is great! So is Anne.

[dpFund]

Presented in the right somebody has to be interest. Ive seen some crazy deals.

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

[HFS]

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

ill be in touch first thing next month if i cant get it done.

[Kevin Henry-Seacoast]

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?

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,

Kevin

[mcaguru]

I would be happy to get you a quote on the file in the next 2 hours. As long as its not Used Auto.

[HDF]

I would be happy to get you a quote on the file in the next 2 hours. As long as its not Used Auto.

Is it April 1st again already?

[Michael I]

I would be happy to get you a quote on the file in the next 2 hours. As long as its not Used Auto.

to give him lower payments and pay that amount off ?
or to offer him a second at 6 months max ?

[HFS]

Is it April 1st again already?

lmfao

[RichardGerard]

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