[Fishing]

Merchant in FL
General Contractor
2 Balances with OnDeck 50k LOC and 25k MCA (90k original)
1 Balance with LG (90 original)
1 Balance with Lending Club 90k

Merchant is looking 100k for business acquisition

Merchant does 270k monthly (no neg. days, NSFs, 15+ deposits)

200k in AR

No Tax Liens,

No Bankruptcies

What LENDER can do this deal?

[WestCoastFunding]

Not $100k.

[Anthony@torro]

Depending on his ending daily balances, I'd say he is good for between 50-100k based off what you wrote. If you aren't set up with anyone over here at YSC, please feel free to reach out.

[Chambo]

what are the balances on the last two? You wrote what original funding is, but not what they owe. They could owe $200K right there, which would disqualify them for any additional funds.

Though, some funds don't include Lending Club, because it is a monthly payment.

I still agree with WEST COAST here, this merchant ain't getting $100K stack position

[dpFund]

We do a lot of consolidations and do not stack. In order to fund $100k, we would need to pay off the existing balances ($250k) for total funding amount of $350k. In order to fund that amount, we would need to see monthly net income somewhere north of $40k. That is about a 15% net margin based on your numbers above, which is about twice the average net margin for contractors, so I'm assuming he doesn't have it.

But if so, feel free to reach out and discuss!

Best,

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

[Fishing]

what are the balances on the last two? You wrote what original funding is, but not what they owe. They could owe $200K right there, which would disqualify them for any additional funds.

Though, some funds don't include Lending Club, because it is a monthly payment.

I still agree with WEST COAST here, this merchant ain't getting $100K stack position

25k left on LG 90k with Lending Club

[TedFundy]

Google accounts receivable financing.. or Spot Factoring

[mcaguru]

Cresthill Capital!

Not working with us? Fast offers / few stips / DOUBLE DIGIT COMMISSIONS!

[RickyR3712]

25k left on LG 90k with Lending Club

whats the deal with lending club? i have seen crazy deals from them and anything less than a bank loan will not help to consolidate. You are probably best off going to Yellowstone or mantis for more money if he can handle it.

[AdvanceFund]

Merchant in FL
General Contractor
2 Balances with OnDeck 50k LOC and 25k MCA (90k original)
1 Balance with LG (90 original)
1 Balance with Lending Club 90k

Merchant is looking 100k for business acquisition

Merchant does 270k monthly (no neg. days, NSFs, 15+ deposits)

200k in AR

No Tax Liens,

No Bankruptcies

What LENDER can do this deal?

We come in very very strong with construction.

[Tenright25]

I can have you approved in the morning. Can I please have your contact information?

[AdvanceFund]

Merchant in FL
General Contractor
2 Balances with OnDeck 50k LOC and 25k MCA (90k original)
1 Balance with LG (90 original)
1 Balance with Lending Club 90k

Merchant is looking 100k for business acquisition

Merchant does 270k monthly (no neg. days, NSFs, 15+ deposits)

200k in AR

No Tax Liens,

No Bankruptcies

What LENDER can do this deal?

ML is one of the strongest in construction. Please reach out.

[JCsfscapital]

We can do this at Strategic. Email me: jcostigan@sfscapital.com