Results 1 to 7 of 7
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02-14-2017, 05:49 PM #1
- Join Date
- Oct 2016
- Posts
- 45
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
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02-14-2017, 06:13 PM #2
- 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
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02-14-2017, 08:38 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,996
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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02-15-2017, 10:17 AM #4
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
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02-15-2017, 12:51 PM #5
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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02-15-2017, 02:19 PM #6
- 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
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02-21-2017, 12:17 PM #7
- Join Date
- Oct 2016
- Posts
- 45
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