Small Consolidation Needed
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  1. #1
    Member Reputation points: 739 TB-Commercial's Avatar
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    Farmington Hills, MI
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    Small Consolidation Needed

    Hi Guys,

    Hope someone can lead me in the right direction. I'm looking for a consolidation for my client and extra capital. He's looking for a weekly or monthly payment. Here's the highlights:

    - 1 current advance, balance at $30k with 3 months til maturity.
    - Payments were originally $420 a day, but now have been reduced to $210. (I know that automatically is a decline with most of the lenders I work with, unfortunately.)
    - Wholesale industry, sells Agri equipment.
    - Credit is 660+. (Was pre-qualified by Dealstruck last week, but 24 hours later they closed up shop. )
    - Last statements were $80k October, $21k Sept, $146k Aug, $13k July, $84k June, $77k May. Average of 2-7 major deposits per month.
    - Sole Prop
    - In business 2 years
    - No real estate
    - Net income too low for my go-to, Dan Page. ($584k Gross YTD, but only $67k Net YTD.)

    I'd appreciate any feedback, thanks guys!
    Last edited by TB-Commercial; 11-22-2016 at 01:13 AM.

  2. #2
    Senior Member Reputation points: 68233
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    Quogue, NY
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    Good Morning..

    We do deploy our own Capital for consolidations when we see that the client will be eligible for longer term credit facilities..

    Please feel free to touch base..

    Richard 516 510 3855

    www.businesscapitalconsultants.com

    775 Park Avenue Suite 255
    Huntington, NY 11743

  3. #3
    I can help you with this file,
    send me an email to

    john@guardianlendinggroup.com

  4. #4
    Member Reputation points: 739 TB-Commercial's Avatar
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    Quote Originally Posted by RichardGerard View Post
    Good Morning..

    We do deploy our own Capital for consolidations when we see that the client will be eligible for longer term credit facilities..

    Please feel free to touch base..

    Richard 516 510 3855

    www.businesscapitalconsultants.com

    775 Park Avenue Suite 255
    Huntington, NY 11743
    Thanks so much, Richard. Just left you a voicemail. I'll PM you my info as well.

  5. #5

    I can help out

    Shoot over the file my way, ill take a good look at it, looks highly likely to be able to consolidate.
    Best,


    Nicholas Koutelos

    Merchant Funding Specialist



    Samson Funding

    90 John St Suite 410

    New York, NY 10038

    Office: 347-252-0327

    Cell: 347-563-0202

    Fax: 718-304-1163

    Nicholas@samsonfunding.com

  6. #6
    Senior Member Reputation points: 307559
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    Quote Originally Posted by nkoutelos View Post
    Shoot over the file my way, ill take a good look at it, looks highly likely to be able to consolidate.
    are you a lender or iso ?

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