Results 1 to 9 of 9
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01-06-2017, 02:41 PM #1
- Join Date
- Dec 2016
- Posts
- 11
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.
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01-06-2017, 02:50 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
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
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01-06-2017, 03:13 PM #3
- Join Date
- Dec 2016
- Posts
- 11
It's regional mortgage/rental consumer credit reporting agency.
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01-06-2017, 04:19 PM #4
- 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
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01-06-2017, 09:04 PM #5
- Join Date
- Aug 2014
- Location
- New York
- Posts
- 61
Seeking 2nd Position - Somewhat Restricted Industry -
What do they need the money for?
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01-07-2017, 11:04 AM #6
- 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
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01-09-2017, 10:41 AM #7
- Join Date
- Dec 2016
- Posts
- 11
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
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01-09-2017, 11:24 AM #8
- Join Date
- Nov 2016
- Posts
- 12
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
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01-12-2017, 12:31 PM #9
- Join Date
- Dec 2016
- Posts
- 40
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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