Business Solutions Company looking for $1MM - $1.5MM
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  1. #1

    Business Solutions Company looking for $1MM - $1.5MM

    Business Solutions

    Net Income 2015 380K
    Balance with CapFusion $400K
    Annual Gross 2015 3.4MM
    Projected 2016 3.6MM

    Wants a $1MM Consolidation or $1.5MM net $1MM

    If anyone can assist with this that would be great!

  2. #2
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    They are not making enough to qualify for a $1M advance!
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  3. #3
    Senior Member Reputation points: 27404
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    This may have to be backed by real-estate, even then,

    We are only able to provide up to 10% of annual income to consolidate.

    Able to fund up to a million, but this client may only qualify for 300-450k on a monthly program.

    PM me

    Steven
    Davincinc.com
    2102904102

  4. #4
    Veteran Reputation points: 135029 Chambo's Avatar
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    Quote Originally Posted by nass15 View Post
    Business Solutions

    Net Income 2015 380K
    Balance with CapFusion $400K
    Annual Gross 2015 3.4MM
    Projected 2016 3.6MM

    Wants a $1MM Consolidation or $1.5MM net $1MM

    If anyone can assist with this that would be great!
    At $250-300K a month, they aren't getting a million.

  5. #5
    Senior Member Reputation points: 24139
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    Try Able, Funding Circle, or Dan Page -- though Able may be the only company you get close to $1MM, you need a long term loan here to get that big (we've seen them on deals with $1M+ loan on revenues that were smaller than this). With an advance, like Chambo said, you wont get close to that; only option is long-term loan -- which you should be able to get since they are profitable (depending on credit)
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  6. #6
    Banned Reputation points: 4530
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    Business Solutions Company looking for $1MM - $1.5MM

    I would be interested in talking to you if you and they are open to look at other financial products.
    Bob

  7. #7
    Member Reputation points: 23 B2csp's Avatar
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    If they have equity, we'll get them the million that he needs. Depending what the project is he is working on, we could even do it off the the project. I would have to get more details from you to determine the best way to go about it.

    I'll PM you my info if you want to give it a shot because there is no company out there that will give him 1MM just off his revenue.

  8. #8
    Hoping no one has gotten this done yet because this is right up our alley...We provide rates starting in the single digits and are able to lend up to $5,000,000. We have short term and long term programs and our owners have 40+ years experience in cooperate business financing so we are very familiar with these types of situations. You can email, text or give me a call me if you have any questions, I would be happy to assist you. Have a great day.

    email- john@verticalbizfunding.com
    office- 201-258-7720 ext-412
    cell- 201-563-9156

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