$600k tax lien/making payments/needs capital
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  1. #1
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    $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.

  2. #2
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    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

  3. #3
    Senior Member Reputation points: 3366 Accord Business Funding's Avatar
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    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/

  4. #4
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    Quote Originally Posted by GAMEOFISO'S View Post
    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
    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.

  5. #5
    Senior Member Reputation points: 11553 Eagle Funding's Avatar
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    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

  6. #6
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    Quote Originally Posted by Sachip24 View Post
    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.
    I do this all day. It's not a problem.

  7. #7
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    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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