Results 1 to 7 of 7
-
02-17-2017, 10:15 AM #1
- Join Date
- Dec 2016
- Posts
- 11
Cell Phone/Cell Phone Accessories Online Wholesaler; $800k/yr gross looking for $150k
I have an online cell phone/cell phone accessories online wholesaler with 690 credit doing $800,000/yr in deposits. Currently has a small LOC and looking for $150,000 to maximize his bulk order discounts which would increase his current 30% profit margins to 40%-45%.
Has anybody had success in funding this type of business? What direct lenders would fund this type of industry?
-
02-17-2017, 10:24 AM #2
Lets look at the numbers: $800k yearly revenue divided by 12 months = $66.666k per month in deposits. I dont think this is a realistic scenario.
-
02-17-2017, 10:52 AM #3
- Join Date
- Dec 2016
- Posts
- 11
Getting him approved for anything around $100,000 would make him happy at this point. Can you suggest a lender that funds this industry? If not, nothing else need be said.
Thank you.
-
02-17-2017, 03:01 PM #4
WBL can put a loan together for this borrower, assuming they have real estate collateral they can utilize.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
-
02-17-2017, 07:44 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Cell Phone/Cell Phone Accessories Online Wholesaler; $800k/yr gross looking for $150k
Since they have commercial clients a factoring arrangement may solve the problem. Ive has experience with this type of client.
Bob Shaw
Iron Horse Credit
rshaw@ironhorsecredit.com
734-929-3800
-
02-23-2017, 02:34 PM #6
- Join Date
- Sep 2016
- Posts
- 3
Typo
Typo disregard
Last edited by CM@StoneFunding; 02-23-2017 at 02:35 PM. Reason: Typo
-
02-24-2017, 12:11 AM #7
- Join Date
- Feb 2017
- Location
- United States
- Posts
- 19
I can get you approved by the morning for $100,000-$125,000 please send your contact information or call me at (862)888-3235. Thomas
Similar Threads
-
Phone closer
By isocloser in forum Help WantedReplies: 4Last Post: 05-23-2017, 01:03 AM -
Cell Tower Services
By Kevin Henry-Seacoast in forum PromotionsReplies: 0Last Post: 01-25-2017, 08:47 AM -
Broadcast or Cell Tower Services
By Kevin Henry-Seacoast in forum PromotionsReplies: 0Last Post: 03-31-2016, 09:42 AM -
Need a home for a Cell Phone Store
By sdellitalia in forum Deal BinReplies: 9Last Post: 03-23-2016, 05:52 PM -
Who Funds Cell Phone Stores?
By nymerchantsolutions in forum Everything elseReplies: 4Last Post: 07-06-2015, 07:08 PM