$30 Mill/Annual Collection Company
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  1. #1

    $30 Mill/Annual Collection Company

    Looking to fund a large collection company, doing about $30 million annually with no existing positions.
    Let me know if any of you would take a look at this industry.Thanks

    Thomas

  2. #2
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
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    nick@elitefactoring.com
    www.elitefactoring.com

  3. #3
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    Looks like you're not the only one working this file.

    http://dailyfunder.com/showthread.ph...ection-Company

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

  4. #4
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    $30 Mill/Annual Collection Company

    Most agencies collect their payments on behalf of nationally known customers. If your client is collect the 30 million they should earn fees of about 7-8 million.
    You should consider factoring as a way to finance your client at a substantially less cost than an advance.
    Bob Shaw
    Rshaw@ironhorsecredit.com
    734-929-3800

  5. #5
    Veteran Reputation points: 135672 Chambo's Avatar
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    Collection Agencies and Attorneys know all the nuances to beat you for your capital.

  6. #6
    Veteran Reputation points: 135672 Chambo's Avatar
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    there's a reason why those two industries are restricted with most funds

  7. #7
    I'm aware...putting the feelers out as a duty to the client.

  8. #8
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    Quote Originally Posted by drosc5 View Post
    Looking to fund a large collection company, doing about $30 million annually with no existing positions.
    Let me know if any of you would take a look at this industry.Thanks

    Thomas
    While I do realize that this request may have already been satisfied, I want to make sure that you have LiftForward and a lending resource for your business clients seeking term loans or lines of credit. We typically can fund $100,000 - $1M+ in 3-5 business days, but do have collateral (real estate) requirements. As time permits, let me know if we can be of any future assistance.

    All the best.

    Sean Najieb
    LiftForward
    917.477.6534
    sean@liftforward.com

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