Results 1 to 6 of 6
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11-22-2016, 01:10 AM #1
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.
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11-22-2016, 10:03 AM #2
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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
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11-22-2016, 10:36 AM #3
Reputation points: 10
- Join Date
- Nov 2016
- Location
- New York City
- Posts
- 3
I can help you with this file,
send me an email to
john@guardianlendinggroup.com
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11-22-2016, 10:53 AM #4
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11-28-2016, 10:55 AM #5
Reputation points: 10
- Join Date
- Nov 2016
- Posts
- 4
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
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11-28-2016, 10:59 AM #6
Reputation points: 307559
- Join Date
- Jun 2015
- Posts
- 3,322
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