Results 1 to 6 of 6
-
09-22-2016, 12:25 PM #1
- Join Date
- Aug 2016
- Posts
- 3
Airport FBO 6mm Annual Revenue looking for $125K
I have a merchant that operates as an FBO at an airport (does fuel sales, chartering & plane maintainance/sales) doing about 6mm in annual revenue looking to solve a short term liquidity issue without selling any assets. In business 15 years, owner FICO is 700 and existing unsecured leverage is a $500K LOC which is nearly maxed. Merchant is looking for a term loan, but is also open to a daily products. My normal placement for a deal of this type isn't working due to the industry so I'm posting here to see what else is out there. Please PM me if you think this might fit your box.
Thanks,
Randy
-
09-22-2016, 01:44 PM #2
- Join Date
- Sep 2016
- Posts
- 6
If the credit is where you say it is their is something we can do for them. PM when you get a chance.
-
09-22-2016, 01:52 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
Seems odd that he does $6mil in revenue and the LOC is only $500K. If he is billing 500K/month on terms his AR should be at least 700-800K on N30 terms with customers and a DSO running around 45 days. Perhaps he should consider an alternative line. What is his AR Outstanding? Does he have any unencumbered equipment?
-
09-24-2016, 11:47 AM #4
- Join Date
- May 2016
- Posts
- 41
If this customer's still needs the financing you should call me right away for nearly immediate results. George Bloom Consulting 772-285-6711. There is no upfront fee. I get paid when I produce results.
-
09-24-2016, 01:33 PM #5
- Join Date
- May 2016
- Posts
- 42
Randy,
Between the high FICO, time in business and annual revenue, this seems like a client who could qualify for our monthly repayment product. We have terms up to 18 months with buy rates as low as 1.15x (for 12 months). If they are more interested in using this like a LOC, we can also consider structuring it over 6 months with weekly repayments and buy rates as low as 1.08x. Your client can draw on the repaid principal portion in as little as one month after initial funding and there is no double dipping (no interest-on-interest charges). Feel free to call or email me to discuss further.
Have nice weekend,
Steve
Steven Safirstein
Vice President of Sales & Head of ISO Relations
Breakout Capital Finance, LLC
6849 Old Dominion Drive, Suite 360, McLean, VA 22101
O: 703 852 6013 steven@breakoutfinance.com
-
09-26-2016, 05:29 PM #6
- Join Date
- Aug 2016
- Posts
- 3
we got the deal placed. Thanks for your inquiries!
Similar Threads
-
Term Loan for Property Management Company Bringing in 750 K annual revenue
By samnewyorker in forum Deal BinReplies: 3Last Post: 03-26-2015, 07:30 AM -
Term Loan for Property Management Company Bringing in 750 K annual revenue
By samnewyorker in forum Business LoansReplies: 2Last Post: 02-25-2015, 11:24 PM -
Credi 700+, annual revenue $500k+
By mca123 in forum Deal BinReplies: 8Last Post: 12-30-2014, 03:28 PM -
Aerospace Technology Company 1.2 Million Gross Annual Revenue
By Cshoke in forum Deal BinReplies: 7Last Post: 10-31-2014, 10:46 AM -
Refrigeration Company Payoff or 2nd Position- 2.2 Million Annual Revenue
By Cshoke in forum Deal BinReplies: 5Last Post: 10-30-2014, 11:01 AM