Results 1 to 6 of 6
Hybrid View
-
08-24-2016, 07:25 PM #1
Reputation points: 1653
- Join Date
- Jan 2015
- Posts
- 77
Looking for 8th Position or Half Consolidaiton
Duly Noted everyone. I thought the forum was for finding solutions.
-CheersLast edited by JHausen; 08-24-2016 at 07:47 PM.
-
08-24-2016, 07:35 PM #2
Reputation points: 307559
- Join Date
- Jun 2015
- Posts
- 3,325
Zach get the pop corn out . Anyone else miss fund
-
08-24-2016, 07:35 PM #3
Reputation points: 158630
- Join Date
- Jul 2015
- Posts
- 1,202
Random musings:
- They must have found you through your website right?
- I'm sure they are thrilled that their activity and "need" is being shopped on a message board.
- There are probably 7 funders who know exactly who you are talking about.
- Take this down and call Bob Shaw. Say "Delancey" to get him jump started
- Heavy pipe. She said heavy pipe....
-
08-24-2016, 07:40 PM #4Aaron 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
-
08-24-2016, 07:51 PM #5
Reputation points: 1653
- Join Date
- Jan 2015
- Posts
- 77
-
08-24-2016, 07:42 PM #6
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
JHausen,
What we don't know is if there is any other debt on the Balance Sheet.. BIG part of the equation. If they have an LOC with their Bank or a relationship with an ABL Lender, it facilitates the need to attack the situation differently.
If they do have Senior Debt- and they want Mezz Debt to take out the advances- they will need to be profitable- which is nearly impossible when a business is carrying debt service on 875k of advances (likely 250k per month out of 750k revenue). If they are in growth mode there are Funds that we work with, that will invest in the business and sit somewhere between debt and equity on the balance sheet- hoping the company grows so that they receive a windfall on their exit.
If they just want to buy out the advances (assuming there is no other LOC or loan) we work with other Funds that will consolidate the debt- Yet NEED to be the only credit instrument- AND have requisite collateral to feel comfortable.
I can't fathom there is any Direct Lender on this Forum that will lend 500k for an 8th position. If you find that to be the case feel free to touch base for an additional set of eyes..
Richard 516 510 3855
www.businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 11743
Similar Threads
-
2nd position 250K- 1st position Direct Capital
By ksmo1309 in forum Deal BinReplies: 12Last Post: 03-15-2016, 12:16 PM -
Seeking 1st Position Con. a 1st/2nd or 3rd Position Deal..100K GD 15K ADL 2 NEG Days
By FunderGal in forum Deal BinReplies: 5Last Post: 12-18-2015, 08:27 PM -
Fundastic dumps on Brokers with half truths and substantiated facts.
By bdshaw in forum Merchant Cash AdvanceReplies: 14Last Post: 02-22-2015, 10:56 PM -
Bar / Grill. 6 Weeks. $40k CC's. Needs $12k. Buynance Has Half
By JayBallentine in forum Deal BinReplies: 3Last Post: 10-21-2014, 10:38 PM -
Half-way to 2014; is this the last industry that still uses a fax machine?
By Gini Co in forum Merchant Cash AdvanceReplies: 12Last Post: 05-23-2013, 09:40 PM