equipment financing/ needs 400k
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  1. #1
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    equipment financing/ needs 400k

    I have a wholesale meat business looking to add on a complete smoke house with all relevant equipment to his business. Very successful meat business doing 8mm annually , app 650k monthly / clean banks..

    Merchant wants 400k over 60 months/

    pm me please and Thanks

  2. #2
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    sent you PM
    Brent Goggins
    Business Credit Consultants
    ISO Relations Manager
    Direct: 518-776-7501
    Email: BrentG@bccusa.com

  3. #3
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    Quote Originally Posted by biggr View Post
    I have a wholesale meat business looking to add on a complete smoke house with all relevant equipment to his business. Very successful meat business doing 8mm annually , app 650k monthly / clean banks..

    Merchant wants 400k over 60 months/

    pm me please and Thanks
    Sent PM

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    equipment financing/ needs 400k

    Equipment leasing sounds like the best fit for this one. Give me a call and I can help out.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  5. #5
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    Quote Originally Posted by biggr View Post
    I have a wholesale meat business looking to add on a complete smoke house with all relevant equipment to his business. Very successful meat business doing 8mm annually , app 650k monthly / clean banks..

    Merchant wants 400k over 60 months/

    pm me please and Thanks
    Possible SBA Loan?

    FC Financial LLC
    727-233-1111
    dave@fcfinancialllc.com

  6. #6
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    Biggr,

    Revenue sounds strong, however the challenge with Wholesalers in general is Gross Profit Margin. If client earnestly wants a 60 month facility, top line (revenue) is a starter, what his GPM is on that revenue will tell you if he has a shot- and steer the file accordingly.

    If his margin is only 10-15% that means his profit is approximately 80k per month- or the equivalent of a firm billing 200k per month with a 40% GPM. If his net profit out of that 80k is 15k, he will have the Debt Service Coverage to qualify for the Capital (with a nice cushion). If his net income is less than 5k- he will not.

    Understanding what a client is eligible for-and guiding them based on that- is what will keep the client from going to another Broker- who he/she is likely speaking to while working with you. Rather than losing these large files our practice is designed to assist our Partners in Consulting the client of their options, gaining trust, and advocating the best possible result.

    Touch base if you would like assistance.

    Richard 516 510 3855 rg@businesscapitalconsultants.com

    775 Park Avenue Suite 255
    Huntington, NY 11743

  7. #7
    I PM'D You

  8. #8
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    Richard nailed it.
    Bob

  9. #9
    What you need is a well established eauipment leasing company. I work 28th one who is forty years on business. If anybody can help you it is them. No upfront fees. George Bloom Consulting 772-285-6711. Call me.
    Last edited by George; 09-24-2016 at 01:19 PM. Reason: Spelling

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