470k Balance, looking to drop payment from $3499 to low-mid $2000's
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  1. #1
    Senior Member Reputation points: 4936 HFS's Avatar
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    470k Balance, looking to drop payment from $3499 to low-mid $2000's

    Are there any funders that can payoff a 470k balance. Merchant isnt looking to net, just to lower his payment.
    Dan Page had a looked but merchant is currently reporting a net loss for tax purposes. Other than that file is clean.

  2. #2
    Senior Member Reputation points: 11553 Eagle Funding's Avatar
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    Give me some more details, industry, is it one balance, and state?

  3. #3
    Senior Member Reputation points: 4936 HFS's Avatar
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    Manufacturer. PA. One balance of 470k.

  4. #4
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    Manufacturer

    Quote Originally Posted by HFS View Post
    Are there any funders that can payoff a 470k balance. Merchant isnt looking to net, just to lower his payment.
    Dan Page had a looked but merchant is currently reporting a net loss for tax purposes. Other than that file is clean.
    You may want to consider restructuring all of the client's debt with a combination of traditional and MCA products. We may be able to help.
    Bob Shaw
    rshaw@delanceyfunding.com
    734-929-3800

  5. #5
    Senior Member Reputation points: 32658 Zach's Avatar
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    WBL can stretch the term out significantly for them. For $470K I can possibly get the payment below $1,700.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  6. #6
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    HFS,

    Knowing the Annual and Monthly Sales is important- as well as the Industry. If the client is doing 470k per month (with a gross profit margin of 20% or higher), I can arrange roughly 800k for them with an 18 month payback (MONTHLY) with a Hedge Fund I originate for, and work closely with.

    Profitability is less significant for this Fund- however they will need to be Senior Secured (in first position), and there will need to be commensurate collateral coverage.

    Fee Free to touch base if the folks here can't help..

    Richard 516 510 3855

    Business Capital Consultants
    775 Park Avenue Suite 255
    Huntington, NY 11743

    www.businesscapitalconsultants.com

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