Results 1 to 9 of 9
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11-15-2016, 12:55 PM #1
- Join Date
- Apr 2013
- Posts
- 359
Need a $500K consolidation
Banks are all healthy. Gross about $1.8mm annually. Not a restricted industry.
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11-15-2016, 01:01 PM #2
If they show solid profits, I'd recommend Dan Page with Funding Strategy Partners.
If they have solid A/R, you can try an asset-backed facility like factoring or an ABL
If they have neither, WBL is probably your only bet.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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11-15-2016, 01:07 PM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
At 150k per month the gross profit margin will need to be robust (as will the net income), AND the term of the loan will need to be lengthy in order to fit the debt service into the budget.
Touch base for direction and assistance..
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11-15-2016, 01:25 PM #4
- Join Date
- Aug 2014
- Posts
- 620
WBL can fund just about anything huh.
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11-15-2016, 02:10 PM #5
We will fund most deals, which is why I think we are extremely valuable for our broker community.
With real estate, we will fund deals with:
- NSF's and Negative Days
- Multiple Positions (consolidation or stack)
- Any FICO score
- Any industry type (except cannabis)
- Defaults with other lenders
- Behind on rent/mortgage
- No seasoning
Feel free and give me a call to discuss our product... You probably have some tough deals/declines sitting there that might fit our credit window.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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11-15-2016, 02:19 PM #6
- Join Date
- Jan 2015
- Posts
- 3
email Carol and tell her Chris recommended you reach out. she has done many Consolidations for me
carol@businessdebtmanagers.com
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11-15-2016, 04:13 PM #7
Wbl is good but the rates were way more expensive than other funders that did not require real estate. Only difference is they do much larger amounts and tricky deals.
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11-15-2016, 07:40 PM #8
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Trying to make some sense of this and offer perspective: If the company is doing $1.8M Annually ( or 150k per month), an advance of more than 3X's the monthly revenue is likely the very last thing the client needs- whether or not WBL or Dane Page are offering a facility.
If Dan's firm gave the client a deal that equated to a 1.4 over 18 months, the client would have to pay roughly 40k per month to debt service- which is more than 25% of its revenue- and likely more than its gross profit margin.
If Zach's firm offered a 1.75 over 24 months (with collateral pledged) the monthly net cost would be very similar- and risky for all involved.
What if the company loses their biggest client? What if they have a somewhat seasonal business? An advance (or product that is purchasing future sales- that is NOT a loan) is not the solution for this client. The last thing they need is to buy more debt.
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11-16-2016, 12:18 PM #9
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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