Results 1 to 14 of 14
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11-20-2016, 09:39 AM #1
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
Tax Lien on a payment plan
I have a medical device manufacturer. Been in business since 2008. Annual revenue $4.8MM. The negatives are:
1) 2 owners 50/50-one is a silent partner who will not be on the loan, and the other who did the current advance with ondeck has an IRS tax lien in a documented repayment plan the last 2 years with a balance of $1 million........apparently ODC missed it when they did their loan.
2) current ODC balance $160k paying $7,942 a week-not looking to refinance if we can get a 2nd position deal
3) No real estate
Average deposits last 4 months $439,353
Average ending daily balance $139,624
Average number of deposits are 23
Any recommendations?Last edited by sigmundpannu; 11-21-2016 at 10:38 AM.
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11-20-2016, 10:46 AM #2
- Join Date
- Jul 2014
- Posts
- 196
Tax Lien on a payment plan
What kind of terms are they looking for a 2nd position?
Mike@Samsonfunding.com
347-492-1801
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11-20-2016, 12:17 PM #3
Yellow stone...
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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11-20-2016, 12:41 PM #4
- Join Date
- Nov 2016
- Posts
- 12
Sent you a PM. I can get this done. Look forward to hearing from you.
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11-20-2016, 04:52 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Tax Lien on a payment plan
Do they have any secured debt Sigmund?
If not, you may want to look at an ABL or factoring relationship.
Bob
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11-20-2016, 04:53 PM #6
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Tax Lien on a payment plan
Sorry, in our case the tax lien has no negative effect.
Bob
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11-20-2016, 07:14 PM #7
- Join Date
- Oct 2014
- Posts
- 257
Tax Lien on a payment plan
Contact our BDO Allen. Allen@trustcapitalfunding.com
We can do a 6-8 month deal on this.
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11-21-2016, 05:40 AM #8
- Join Date
- Jun 2015
- Posts
- 51
tax lien
Very easy to do. We can get done even without a payment plan.
Mark alan
Commect2Cash
516-244-8345
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11-21-2016, 08:40 AM #9
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
Sigmund,
Do they currently have a LOC or are they factoring? Are the receivables and inventory unencumbered? If the AR and Inventory is clear, we might be able to set up a factoring facility for them. kevin.henry@SeacoastBF.com
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11-21-2016, 10:03 AM #10
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
Thanks for the responses. They do currently have a factoring facility in place.
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11-21-2016, 10:07 AM #11
- Join Date
- Jun 2016
- Posts
- 416
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11-21-2016, 10:19 AM #12
- Join Date
- Aug 2014
- Posts
- 620
PM sent
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11-21-2016, 11:00 AM #13
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
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12-06-2016, 12:13 PM #14
Does the client have AR due from government or commercial third party health insurance carriers? if so, give me a call.
Ben Rutkevitz
Alleon Healthcare Capital
benr@alleoncapital.com
(201) 340-6346
http://www.alleonhealthcare.com/
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