Results 1 to 7 of 7
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01-10-2017, 02:01 PM #1
- Join Date
- Jan 2014
- Posts
- 1,378
$600k tax lien/making payments/needs capital
As the title says merchant has big tax lien but is making monthly payments towards it in good faith until they finally approve his payment plan. has good revenue 100-200k month in deposits, average daily balances of about $30k. No outstanding positions, most lenders I work with have 300k tax lien max. Is there anyone that will consider even though it is a huge tax lien, he has been making monthly payments without default towards it until he gets approved for his payment plan which should come in in the next few weeks.
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01-10-2017, 02:09 PM #2
- Join Date
- Dec 2016
- Location
- New York
- Posts
- 30
If he can provide an up to date payment plan, this would work for us.
JR Knight| ISO Relations Director | EIN Cap
——————————————————————————
Phone: 877-651-8110 Ext.125 | Direct: 917-900-1297 | Fax: 800-519-7189
Email: jrknight@eincap.com| Web: http://www.eincap.com/
160 Pearl Street | New York, New York | 10005
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01-10-2017, 02:20 PM #3
Sent PM
Kevin Dinh
3131 Eastside Street, Suite 350
Houston, TX 77098
P: 713-322-9743
Email: kdinh@accordbf.com
Web: https://go.accordbf.com/DF-Partners/
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01-10-2017, 02:43 PM #4
- Join Date
- Jan 2014
- Posts
- 1,378
He is not in a payment plan yet. He is waiting for them to approve it has been waiting for almost two months for it. But out of good faith he has been paying 3k a month for the past year to the IRS in good faith to show he can make the payment plan and will not skip payment.
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01-10-2017, 02:54 PM #5
How much is the merchant looking for, and what kind of term, we have done deals like this in the past if they can show paperwork of working on getting the payment plan set.
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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01-12-2017, 07:54 PM #6
- Join Date
- Jun 2016
- Posts
- 416
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01-16-2017, 09:22 AM #7
- Join Date
- Aug 2014
- Posts
- 620
I am not really worried about the tax lien, I've funded deals with tax liens over $1m that were not on a payment plan. I am more concerned with the industry type, revenue, avg daily balances, etc. If you are not already set up with a rep over here at Yellowstone, please feel free to reach out.
Thank you,
Anthony Saracino
Senior Funding Coordinator
Yellowstone Capital LLC
Direct: (516)-282-0933
Fax: (646)-403-3092
Cell: (201)-523-2596
Asaracino@Yellowstonecapllc.com
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