[brokerCompany]

1.9M on 2016 YE FINANCIALS
NET 48k
2.8M Gross on 2015 TR
NET 66,688

Balances MCA

LENDINI 120,000 balance 1,100 daily
CAN CAPITAL 150,000 balance 500 daily

Can anyone just payoff the Lendini and move it into a monthly?
If not who can consider refinancing everything

[Kevin Henry-Seacoast]

1.9M on 2016 YE FINANCIALS
NET 48k
2.8M Gross on 2015 TR
NET 66,688

Balances MCA

LENDINI 120,000 balance 1,100 daily
CAN CAPITAL 150,000 balance 500 daily

Can anyone just payoff the Lendini and move it into a monthly?
If not who can consider refinancing everything

Do they have any senior lenders above the cash advances?
What is the AR outstanding?
What industry?

Kinda small for us, but if it makes sense, we will take a look.
Kevin.Henry@Seacoastbf.com

[brokerCompany]

165k in AR
Not enough to take out the MCAs
no other lenders

Do they have any senior lenders above the cash advances?
What is the AR outstanding?
What industry?

Kinda small for us, but if it makes sense, we will take a look.
Kevin.Henry@Seacoastbf.com

[Zach]

If the borrower owns real estate, WBL can pay off their 2nd and assume a subordinate position behind CAN.

[Kevin Henry-Seacoast]

165k in AR
Not enough to take out the MCAs
no other lenders

Do they have inventory that is monitored on a system? If they are profitable and have inventory we might be able to offer an inventory accommodation along with the AR facility.

[bdshaw]

I'm not surprised at the limited number of responses . You haven't told us what the business does for a living. Nor do we know what other assets and liabilities the company has. In other words how can anyone give you an informed answer without knowing the answer to those questions.
Bob Shaw
rshaw@ironhorsecredit.com
734-929-3800

[dpFund]

Based upon the numbers provided, this client is paying out way more than their net income.

I do a lot of consolidations. If I were to consolidate their balances ($270k) over our twenty four month term, their monthly payment would be about $17,500...about four times their net income. This client is in serious financial trouble. Long-term asset based loan (if one of the company principles owns real estate) is likely their only way out.

I do these types of loans when the client cannot qualify for business financing. The good news is the rates are pretty low (8% - 12%). Can finance pretty much all real estate except personal residence and raw land.

Feel free to reach out if you are interested in discussing.

Best,

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