Seafood Wholesaler 1.2-1.5MM monthly 740 Credit Looking for 250K -500K over 2 yrs min
Need a Funder or Vendor? START HERE

Results 1 to 7 of 7
  1. #1

    Seafood Wholesaler 1.2-1.5MM monthly 740 Credit Looking for 250K -500K over 2 yrs min

    Pretty much the above statements

    This deal is looking for a home. Direct Lenders Only.


    Thanks,
    Nash 646-768-9716

  2. #2
    Banned Reputation points: 4530
    Join Date
    Mar 2014
    Location
    Ann Arbor, Michigan
    Posts
    1,289

    Seafood Wholesaler 1.2-1.5MM monthly 740 Credit Looking for 250K -500K over 2 yrs min

    Hi Nash.....is it safe to say he sells for either cash or net 7 days....no receivables.
    Bob

  3. #3
    Senior Member Reputation points: 81657
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,869

    Quote Originally Posted by nass15 View Post
    Pretty much the above statements

    This deal is looking for a home. Direct Lenders Only.


    Thanks,
    Nash 646-768-9716
    TIB?
    Tax Returns?
    Own Property?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  4. #4
    Veteran Reputation points: 135029 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,178

    Does up to $125K a month, but wants $250-500?

    Let's, for arguments' sake, say you miraculously got $500K over 2 years at a 1.25. That's paying back $625,000. That would mean paying back $26,041 monthly over 2 years. You telling me this merchant could afford to give up 21% of gross sales? Not profit, but 21 cents of every dollar that comes in his establishment goes to paying off the money, before payroll, before expenses, etc.

    Your best bet here is to have the merchant try Lending CLub or Prosper.....don't really think there is a commission for you there though

  5. #5
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Quote Originally Posted by Chambo View Post
    Does up to $125K a month, but wants $250-500?

    Let's, for arguments' sake, say you miraculously got $500K over 2 years at a 1.25. That's paying back $625,000. That would mean paying back $26,041 monthly over 2 years. You telling me this merchant could afford to give up 21% of gross sales? Not profit, but 21 cents of every dollar that comes in his establishment goes to paying off the money, before payroll, before expenses, etc.

    Your best bet here is to have the merchant try Lending CLub or Prosper.....don't really think there is a commission for you there though
    Client is doing $1.2 - $1.5MM monthly, according to Nass' post above.

  6. #6
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    At 1.2-1.5M per month, securing up to 500k shouldn't be challenging with a strong FICO- as long as there aren't other debtors and/or surprises.. Margins are also a concern- and whether or not they have the ability to store/freeze inventory..

    Reach out if you would like input/assistance

  7. #7
    Quote Originally Posted by Yankeeman07 View Post
    TIB?
    Tax Returns?
    Own Property?
    TIB 20 years
    Returns and Property Can't give you any straight answers there.

Similar Threads

  1. International Factor for Seafood Wholesaler
    By Increment1 in forum Deal Bin
    Replies: 1
    Last Post: 07-11-2016, 11:19 AM
  2. Replies: 7
    Last Post: 07-08-2015, 12:20 PM
  3. Replies: 6
    Last Post: 06-08-2015, 04:41 PM
  4. Auto Wholesaling Business $250k + In Monthly Revenue
    By OSF Funding in forum Deal Bin
    Replies: 4
    Last Post: 02-15-2015, 11:08 AM
  5. AUTO WHOLESALING BUSINESS $250k MONTHLY REVENUE
    By OSF Funding in forum Deal Bin
    Replies: 7
    Last Post: 10-03-2014, 09:52 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe


DIRECTORY