Seeking 2nd Position - Somewhat Restricted Industry -
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  1. #1

    Seeking 2nd Position - Somewhat Restricted Industry -

    Happy New Year!

    Client has 1st position balance of around $210K, 10 mos remaining at $5500/wk/pmnt looking for around $80K by end of this month. Have all their full financial package.

    Business is located in AZ
    Credit: 750+
    TIB: 15yrs+
    Homeowner: YES

    2016 Monthly revenue (000's):

    Jan $325
    Feb $422
    Mar $469
    April $484
    May $455
    June $435
    July $428
    Aug $408
    Sept $453
    Oct $357
    Nov $299
    Dec $263

    Nov-Jan typically their slower months but picks back up in Feb thru Sept.

    Client says the new contract bringing in roughly an additional 300k a month will start in Feb 2017.

    Please let me know if you're interested by giving me your contact info so i can send the file for preview. No WBL or Yellowstone family please because i am afraid they'll turn it down then find out they send it to their other unbranded branches.

  2. #2
    Senior Member Reputation points: 340558
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,499

    Quote Originally Posted by California-Liberty View Post
    Happy New Year!

    Client has 1st position balance of around $210K, 10 mos remaining at $5500/wk/pmnt looking for around $80K by end of this month. Have all their full financial package.

    Business is located in AZ
    Credit: 750+
    TIB: 15yrs+
    Homeowner: YES

    2016 Monthly revenue (000's):

    Jan $325
    Feb $422
    Mar $469
    April $484
    May $455
    June $435
    July $428
    Aug $408
    Sept $453
    Oct $357
    Nov $299
    Dec $263

    Nov-Jan typically their slower months but picks back up in Feb thru Sept.

    Client says the new contract bringing in roughly an additional 300k a month will start in Feb 2017.

    Please let me know if you're interested by giving me your contact info so i can send the file for preview. No WBL or Yellowstone family please because i am afraid they'll turn it down then find out they send it to their other unbranded branches.
    If it is NON-Healthcare Services or Construction and they would entertain factoring or an asset based line.....I am all ears. kevin.henry@seacoastbf.com www.seacoastbf.com
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
    It's regional mortgage/rental consumer credit reporting agency.

  4. #4
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Hey California-Liberty,

    This is not a restricted industry for us. I am a direct funder, and interested in your file.

    We are not a MCA lender and we do not stack on other lenders. So if we were to fund, I would need to pay off the first position, and provide cash out.

    With the additional cash out, his payment would be about the same as what he is paying now, except it would be a monthly payment instead of weekly.

    The client can also pay us off at any time after six months, with no fees, penalties or interest (just paying remaining principle and he is out).

    The client would need to show NET monthly income (on their P&L, not bank deposits) to qualify for the total funding amount. This is about a 7% - 10% net margin which for most business is reasonable.

    If you think your client might be a fit, let's discuss.

    Best,

    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com

  5. #5
    Member Reputation points: 1336
    Join Date
    Aug 2014
    Location
    New York
    Posts
    61

    Seeking 2nd Position - Somewhat Restricted Industry -

    What do they need the money for?
    Mark S.
    Simply
    (646) 661-2300
    Mark@simplymca.com
    www.simplymca.com

  6. #6
    Senior Member Reputation points: 64
    Join Date
    Jul 2014
    Posts
    196

    Seeking 2nd Position - Somewhat Restricted Industry -

    Who's their first position with and what do they need the funding for ? 80k-100k second is doable based off of this info. Please contact me if you haven't placed this file yet.

    Mike@samsonfunding.com
    347-492-1801

  7. #7
    I will tell you who the 1st upon private conversation has been established but it's not OD or CAN.

    Merchant will owe some money to the Major Credit Reporting Agency end of Jan. This is to cover slow Dec/Jan. months but will be seeing increase revenue starting Feb.

    Best

  8. #8
    This is not restricted with us. I would love to take a took.

    Please call or email.


    Phil Tabbi
    Elevation Capital
    phil@elevationcapitalllc.com
    516-387-6641

  9. #9
    Lucrative Solution can get this done would love to earn your business, if you can please give me a call to discuss.

    Joey Ganduzzo
    VP of ISO Relations
    (917)-434-7663
    Submissions@slsadvances.com

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