Results 1 to 9 of 9
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02-23-2017, 07:15 PM #1
- Join Date
- Jun 2016
- Location
- Brooklyn
- Posts
- 54
Consolidation of 600k in advances
I have a client who is looking to consolidate 600K in mca balances.Gross deposits are 1.2-1.4 million a month. Good credit, in business over 20 years. Never missed a payment on any mca deal. Transportation. Would appreciate any heads from anyone who can handle this type of deal.....directly.
Client is looking for max 9 months to one year deal. Thanks in advance.
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02-23-2017, 07:59 PM #2
Sent you a PM
Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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02-23-2017, 08:40 PM #3
- Join Date
- Jul 2015
- Posts
- 215
Consolidation of 600k in advances
Reach out to Richard Gerard. He just did one for me in the same industry. Made a pretty penny and left the client in a MUCH better position.
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02-24-2017, 09:37 AM #4
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
I am a direct funder and we fund consolidations like this regularly.
On average, we get client payments down to about one-third of what they are paying now, when doing a consolidation.
Monthly payment. 12-30 month term. Client can prepay any time after six months with no fees, penalties or interest (just paying off remaining principle).
We fund a lot of companies in the transportation industry.
For $600k, client will need to be showing somewhere in the range of $75k monthly net profit to pre-qualify.
Feel free to reach out if you would like to discuss.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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02-24-2017, 10:03 AM #5
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
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02-27-2017, 07:57 AM #6
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Thanks Oxford Dan..
All about the details.
Jjdcnetrex2: If there is a way to get it done- we will.
RG
Business Capital Consultants
775 Park Avenue Suite 255
Huntington, NY 11743
516 510 3855
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02-27-2017, 02:09 PM #7
- Join Date
- Feb 2017
- Posts
- 4
Consolidation of 600k in advances
Hello,
We just closed one of these that was very similar. I would like to get a little bit more of the details.Last edited by The Loan Ranger; 02-27-2017 at 04:47 PM.
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02-27-2017, 05:07 PM #8
- Join Date
- Jun 2016
- Posts
- 416
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02-28-2017, 01:50 PM #9
- Join Date
- Apr 2016
- Posts
- 103
With Real Estate (Commercial / Residential) we can provide 4-year terms with monthly payments and rates of 12-15%.
Let me know if we can be of assistance
Sean
LiftForward
917.477.6534
sean@liftforward.com
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