Results 1 to 13 of 13
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02-22-2017, 04:08 PM #1
- Join Date
- Nov 2016
- Posts
- 29
100k needed ASAP
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?
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02-22-2017, 04:27 PM #2
- Join Date
- Oct 2016
- Posts
- 4,318
Not $100k.
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02-22-2017, 04:42 PM #3
- Join Date
- Aug 2014
- Posts
- 620
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.
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02-22-2017, 04:51 PM #4
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
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02-22-2017, 05:36 PM #5
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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
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02-22-2017, 05:39 PM #6
- Join Date
- Nov 2016
- Posts
- 29
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02-22-2017, 07:16 PM #7
- Join Date
- Mar 2016
- Posts
- 335
Google accounts receivable financing.. or Spot Factoring
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02-23-2017, 10:06 AM #8
- Join Date
- Dec 2013
- Posts
- 4,713
Cresthill Capital!
Not working with us? Fast offers / few stips / DOUBLE DIGIT COMMISSIONS!Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-23-2017, 10:51 AM #9
- Join Date
- Aug 2016
- Posts
- 831
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02-23-2017, 01:09 PM #10
- Join Date
- Jun 2016
- Posts
- 416
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02-24-2017, 12:01 AM #11
- Join Date
- Feb 2017
- Location
- United States
- Posts
- 19
I can have you approved in the morning. Can I please have your contact information?
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02-27-2017, 05:12 PM #12
- Join Date
- Jun 2016
- Posts
- 416
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02-28-2017, 08:13 PM #13
- Join Date
- Jan 2017
- Posts
- 57
We can do this at Strategic. Email me: jcostigan@sfscapital.com
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