Results 1 to 7 of 7
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09-15-2016, 01:50 PM #1
- Join Date
- Jul 2016
- Location
- Los Angeles, CA
- Posts
- 21
Line of Credit
Anybody out there that does Line of Credit deals? I currently work with DealStruck and OnDeck with these types of deals, but wanted to see if anybody else would look at this. Please feel free to PM or just let me know here. Thanks!
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09-15-2016, 03:19 PM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Line of Credit
We do lines of credit primarily secured by commercial invoices.
Bob Shaw
rshaw@delanceyfunding.com
734-929-3800
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09-15-2016, 04:46 PM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Putting the finishing touches on a $3M facility for one of our Dailyfunder Partners today. 800k initial tranche 1.25% interest only against outstanding receivables up to 85% of eligible AR..
Feel free to touch base should you wish to discuss..
Richard 516 510 3855 rg@businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 11743
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09-15-2016, 05:29 PM #4
- Join Date
- Jul 2016
- Location
- Los Angeles, CA
- Posts
- 21
Thanks for the responses. I try to stay in my niche, but obviously there are times when I come across a good deal that doesn't fit our wheelhouse. I'll be sure to reach out for merchants that fit this billing. Is there anybody else out there that also perhaps do Operating Lines of Credit as well? This seems to be the one that I'm having the most trouble getting.
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09-15-2016, 06:29 PM #5
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Joe,
My colleague Bob will also clarify- Business Lines of Credit are facilities leveraged by existing assets of a business, and/or overall individual business trend analysis, and fiscal fitness.
There are folks here that can help when things deviate from the norm. Having those contacts at your avail will serve to validate you as an advocate. You may have to split commission on some of those deals but the questions is: is 50% of something better than 100% of nothing?
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09-16-2016, 12:12 AM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
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09-16-2016, 09:59 AM #7
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
To answer Omegafund:
We work with Hedge Funds that deploy Capital and receive payment back over an agreed amount of years via a percentage of monthly sales. They do not take a UCC on the Business- however they focus on Small and Mid Cap firms that are either profitable or have the opportunity to be given the influx of Capital. Typically they invest in Private Firms in the Technology/Healthcare sect- but consider established firms with EBITDA #'s over 500k..
Great Option for companies that are in all out growth mode and don't wish to parse out Equity.
Feel free to touch base if you have clients doing more than 3M annually that fit this generic description..
Richard 516 510 3855
rg@businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 11743
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