Results 26 to 33 of 33
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11-29-2016, 04:20 PM #26
- Join Date
- Oct 2016
- Posts
- 4,318
Business and personal tax returns, previous and YTD financials, schedule of liabilities, AR & AP, personal financial statement. I'm assuming you'd need those. Anything else you guys use? Is there a specific DSCR target for consolidations? I can never quite figure out what a lender looks for in these.
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11-29-2016, 04:34 PM #27
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Thanks for the question.
Here are the pre-qual docs we request:
1. P&L and Balance Sheet for 2014, 2015 and 2016 YTD (Actual Financials please, NOT tax returns. Quickbooks printouts are fine)
2. Expected Gross Revenue for the remainder of 2016 and 2017 (topline sales only)
3. Debt Schedule (attached) listing ALL debts for the business
4. Six months bank statements (more if you have them)
5. A brief description (a paragraph will do) about the client’s business and what they are seeking
6. Client Application
7. Credit (if you have it)
If it moves forward and we issue a proposal, we ask for more. But these docs allow us to determine if it is a fit for our funding model.
Thanks,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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11-29-2016, 04:58 PM #28
- Join Date
- Aug 2016
- Posts
- 831
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11-29-2016, 05:00 PM #29
- Join Date
- Aug 2016
- Posts
- 831
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11-29-2016, 06:19 PM #30
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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11-29-2016, 06:52 PM #31
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
Not yet and a 12K commission is worth fighting over (as I am). Power up (Charlie Mayo) are scams. Nature of this beast. Used to it and sue at will.
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11-30-2016, 12:03 PM #32
- Join Date
- Aug 2016
- Posts
- 831
i never said its funny . It was a serious question . All of us have been burnt by lenders and moved on as we were told that we will never win . so hence my question seeing if he was still crying /not getting over it or he was successful and now we brokers can open the floodgates and sue the lenders that did it to us .
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11-30-2016, 12:25 PM #33
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
I'll be glad to refer you to the atty handling it. PM me. I seldom get burned and in the end if there are assets that I can lien, collect.
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