Results 1 to 6 of 6
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08-12-2016, 09:44 AM #1
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.
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08-12-2016, 10:02 AM #2
Give me some more details, industry, is it one balance, and state?
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08-12-2016, 10:14 AM #3
Manufacturer. PA. One balance of 470k.
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08-12-2016, 01:22 PM #4
Reputation points: 4530
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Manufacturer
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
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08-16-2016, 08:39 PM #5
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
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08-16-2016, 11:55 PM #6
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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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