Funding more than 50% of gross monthly 1st position
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  1. #1

    Funding more than 50% of gross monthly 1st position

    Is there a lender out there that will fund more than 50% of gross monthly revenue? I have annual revenue close to 3M with inconsistencies in monthly statements to average $167,000 per month.
    Looking for more than $75k (already quoted that 2 times)

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    You need to provide more details. What is the industry, FICO, TIB, average daily balances, # negative days? I have had offers made for more than 50% of the average month, but it depends heavily on the other factors.

  3. #3
    I would like to speak with you further about this potential funding for your client. My direct line at my office is 212-271-8286. Email is jweinberg@wbl.com

    I am a financial analyst working at World Business Lenders

  4. #4
    I would definitely like to speak to you further about this deal, if you can please contact me directly and we can hopefully do some business together. i think my company Lucrative solutions can be the best lender for this deal.

    Joey Ganduzzo
    Vice President
    (917)434-7663
    Submissions@slsadvances.com

  5. #5
    manufactures product for construction industry, FICO over 700 in business since 2008-no negatives--ave. daily $167,697 (in 2016)-- average gross monthly revenue annually is $280,000 but only 121,330 for the past 3 months

  6. #6
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    Quote Originally Posted by audriana_709 View Post
    manufactures product for construction industry, FICO over 700 in business since 2008-no negatives--ave. daily $167,697 (in 2016)-- average gross monthly revenue annually is $280,000 but only 121,330 for the past 3 months
    Audriana,

    Are they currently financing their receivable, inventory, and equipment? We might be able to offer a factoring facility of asset base line of credit that will be pretty flexible and certainly a lot more cost effective than most.

    Kevin.Henry@SeacoastBF.com I will not answer or respond to free e-mail accounts.

  7. #7

  8. #8
    Let's chat if the file is still on.
    ​Ron Hizkiyahu
    Business Development & ISO Relations

    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 212.994.6996 Ext.101 | F. 646.219.7949
    ron@vitalcapfund.com

  9. #9
    Veteran Reputation points: 135029 Chambo's Avatar
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    Quote Originally Posted by audriana_709 View Post
    Is there a lender out there that will fund more than 50% of gross monthly revenue? I have annual revenue close to 3M with inconsistencies in monthly statements to average $167,000 per month.
    Looking for more than $75k (already quoted that 2 times)
    and be specific about "inconsistencies". Are we talking 200K one month, 50K the next?

  10. #10
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by Chambo View Post
    and be specific about "inconsistencies". Are we talking 200K one month, 50K the next?
    average gross monthly revenue annually is $280,000 but only 121,330 for the past 3 months

  11. #11
    I would check Credibly out. I have seen them do up to 150%

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