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  1. #1

    Flooring

    Merchant original had to payback over 400k on 3 advances. These advances are down to less than 40k.

    The Payment is pretty high and the account is kinda unstable right now.

    anybody that would buy out the balances and get us a lower payment.

    I would do this in house but he is a little to negative and i cant get it done at home.

  2. #2
    Senior Member Reputation points: 32658 Zach's Avatar
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    If they have significant NSF's and negative days, WBL is likely your only option for a consolidation. Typically a client with $400K of outstanding balances will have very high revenue -- the majority of high-revenue clients will own at least one piece of real estate.

    Feel free and reach out if you'd like me to put together a package to help your client out.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  3. #3
    Banned Reputation points: 4530
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    Flooring

    What's their business and who are their customers?
    Bob

  4. #4
    Quote Originally Posted by gerayin View Post
    Merchant original had to payback over 400k on 3 advances. These advances are down to less than 40k.

    The Payment is pretty high and the account is kinda unstable right now.

    anybody that would buy out the balances and get us a lower payment.



    I would do this in house but he is a little to negative and i cant get it done at home.

    doubtful

  5. #5
    Senior Member Reputation points: 68233
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    All due respect to Zach- we work with opportunistic Funds that do not Underwrite files within the Cash Advance Model. Even if the client has 400k in cash advances, has losses on its Tax returns, with NSF's and negative days. If the client is in growth mode- has contracts or PO's to substantiate future sales, and would likely operate profitably with a less challenging cash flow hit- they will happily deploy capital.

    Not dissimilar to WBL these Funds will need to have 100-200% collateral coverage and the Principals must personally guarantee the credit facility.

    Feel free to reach out if this applies to this client..

    Richard 516 510 3855

    www.businesscapitalconsultants.com

    775 Park Avenue Suite 255
    Huntington, NY 11743

  6. #6
    no excuses, lets get it done

    give me a call or email
    3059263680
    alex@pbscapitalgroup.com

  7. #7
    Senior Member Reputation points: 54977
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    Cresthill Capital -- get your offer in hours and with fewest stips to fund and majority of our deals do NOT require a COJ!!!!!!

    we now have 2 adjusters Lindsey and Catrina whose job is to work with our ISO's once an offer is made to make sure it meets your clients needs.
    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

  8. #8
    Senior Member Reputation points: 158630
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    Quote Originally Posted by mcaguru View Post
    Cresthill Capital -- get your offer in hours and with fewest stips to fund and majority of our deals do NOT require a COJ!!!!!!

    we now have 2 adjusters Lindsey and Catrina whose job is to work with our ISO's once an offer is made to make sure it meets your clients needs.
    Anybody old enough to remember "Crazy Eddie"
    https://www.youtube.com/watch?v=jc-Mhynh_pg
    Last edited by HDF; 07-29-2016 at 12:19 PM.

  9. #9
    Senior Member Reputation points: 5023
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    Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
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    Eddie Antar, "where everything must go".

  10. #10
    Any processing? How many neg days?

  11. #11
    Quote Originally Posted by gerayin View Post
    Merchant original had to payback over 400k on 3 advances. These advances are down to less than 40k.

    The Payment is pretty high and the account is kinda unstable right now.

    anybody that would buy out the balances and get us a lower payment.

    I would do this in house but he is a little to negative and i cant get it done at home.
    We will consolidate so long as the merchant nets 50%-
    Kaitlyn Miller
    ISO Coordinator
    770-617-2377
    KM@SuperiorCapitalfund.com
    http://superiorcapitalfund.com/

  12. #12
    If he is a commercial flooring contractor, I could possibly purchase his AR as a factor.

    www.constructionfinance.com

    I can buy his commercial construction AR for as low as 1.5%

    John Sawyer
    870 277 4171
    john@constructionfinance.com

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