Results 1 to 8 of 8
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12-28-2016, 07:14 PM #1
- Join Date
- Mar 2016
- Posts
- 47
Landscaping- $1.5Mil+/yr. Needs $100k. Dirty laundry. This deal needs a home
I need a hero for this deal.
Client is a landscaping company that does $1.5Mill+, needs $100k
In business since 2002
Has 3 positions with $44k total balance
Dirty laundry:
-IRS tax lien, but all payments current
-Negative days from last 5 months bank statements - July=0; Aug=1; Sept=7; Oct=11; Nov=6.
-Negative ending balance months - Sept= -$2200; Oct= -$2700
Side note:
-Changed banks in November (he said the mistakes of his previous bank in large part caused his NEBs and NSFs)
Client is aware of his negatives, and is willing to consider any and all terms.
Rejected by Pearl, National & Mantis because of the dirty laundry and new bank.
Update: I forgot to mention that the client has some assets that he's willing to use as collateral, if it comes to that. This includes:
-D610 Wheel loader @$50k
-Backhoe @ $50k (equity)
-2 acres in NJ @ $200kLast edited by WeFundIt; 12-29-2016 at 10:47 AM.
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12-29-2016, 12:35 AM #2
WBL is a good fit for this type of transaction. Do you have time to speak tomorrow?
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12-29-2016, 01:31 AM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,993
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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12-29-2016, 07:04 AM #4
- Join Date
- Mar 2016
- Posts
- 47
I PM'd you.
Last edited by WeFundIt; 12-29-2016 at 07:07 AM.
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12-29-2016, 07:05 AM #5
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12-29-2016, 11:09 AM #6
- Join Date
- Jun 2016
- Posts
- 416
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12-29-2016, 06:48 PM #7
- Join Date
- Mar 2016
- Posts
- 47
Courtney Smith
Fairfax Funding, LLC
PH: 407-706-8600
www.FairfaxFunding.com
csmith@fairfaxfunding.com
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01-04-2017, 12:35 PM #8
- Join Date
- Aug 2016
- Posts
- 16
Hows it going ? Just wanted to reach out and let you know I pay brokers 70% of commission on all deals if you have any dead deals or deals you would like to work on just let me know my email is jlocklear@locklearcapital.com I look forward to hearing from you.
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