[Fishing]

I have a merchant that is doing 36 million a year and is looking for 5 million.

merchant wants 5 million at 24% APR

What LENDER can do this?

[FCP]

What state?

[snajieb]

I have a merchant that is doing 36 million a year and is looking for 5 million.

merchant wants 5 million at 24% APR

What LENDER can do this?

Is there property associated with this request? We will typically lend up to 10% Gross Annual Sales and with property, we could definitely come in very competitively on pricing and amount. Let me know if this request has been addressed or is it still in the market.

Thank you.

Sean
LiftForward
917.477.6534
sean@liftforward.com

[NickHubbard]

I have a merchant that is doing 36 million a year and is looking for 5 million.

merchant wants 5 million at 24% APR

What LENDER can do this?

Sent you a PM!

[brokerCompany]

2% per month. Maybe if you had more info like industry type and state.
Best option would be an asset based line/term loan. Try an ABL lender if they are B2B business

[Fishing]

What state?

Georgia

[JCsfscapital]

We can do this at Strategic. PM me.

[FCF Fund]

The real question is what is the merchant's profitability. Top line numbers are great but if he's losing money every quarter a real balance sheet lender would kill this. By the way I believe Funding Circle can be an option on a traditional loan with monthly payments amortized.

Doing this as a RBL (Rev Based Loan) for that dollar amount will be tight, I know SFS can do it and BFS but financials will be requested and site visit amongst other things.

Best to make sure you have your ducks in a row and review the financials first to see what you really have in hand.

[Anthony@torro]

Had a merchant doing similar numbers with million dollar ending daily balances. The best I was able to come up with was $1m at BFS. I dont know who will come close to 5m in cash advance.

Anthony Saracino
Senior Funding Coordinator
Yellowstone Capital LLC
Direct: (516)-282-0933
Fax: (646)-403-3092
Cell: (201)-523-2596
Asaracino@Yellowstonecap.com

[Michael I]

We can do this at Strategic. PM me.

maybe for 1 or 1.5 million . not going nearly double gross

[RichardGerard]

We work with folks that will do this if this makes sense

[RickyR3712]

does he have any current loans or will this be a true first position? Any collateral that he can put up ?How is personal credit

[dpFund]

If you are unable to secure the $5MM, we can meet the desired APR threshold over a two year term, but our max funding at any one time is $2MM. That stated, we can likely hit the desire $5MM with successive fundings.

Monthly payment, and we allow the client to pay us off any time after six months with no fees, penalties or interest.

Feel free to reach out if you would like to discuss.

Best,

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

[JCsfscapital]

maybe for 1 or 1.5 million . not going nearly double gross

Gross is 3Mil, we will hit 5Mil going out 18+ months. We can also go off collateral if needed.

[Kevin Henry-Seacoast]

$5mil is easy for us if the client is seeking an asset based line of factoring. Our rate could be significantly less than the ask depending on industry and info on Company. Kevin.Henry@SeacoastBF.com