Results 1 to 7 of 7
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03-20-2017, 10:50 PM #1
- Join Date
- Mar 2015
- Posts
- 85
Lower Net Requirement for Payoffs/Consolidation?
I have an SBA deal going but because of some delays etc. that come along with those deals the need remains for some bridge financing, or at least a way to consolidate this MCA debt with an option of netting something if possible.
Anybody have a suggestion on who might touch a larger consolidation, lower Net requirements etc.?
Tech Industry
10 years in biz -
740 TransUnion
2015 taxes show sales of 1.9MM
MCA Debt:
3 Lenders totaling $197k roughly
Inbox me or let me know here. There will be no collateral being pledged for this one.
Appreciate it.
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03-21-2017, 01:04 AM #2
- Join Date
- Oct 2016
- Posts
- 4,318
If they had a net profit of $300K see Dan Page.
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03-21-2017, 05:49 AM #3
- Join Date
- Apr 2016
- Posts
- 103
Lower Net Requirement for Payoffs/Consolidation?
Does borrower have real estate? How were financials for 2016? Give me a call as we may have options that would fit request.
Sean
LiftForward
917.477.6534
Sean@liftforward.com
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03-21-2017, 08:43 AM #4
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Thank you- And your numbers are pretty much right on. If the client has $25k of net monthly income I would be happy to see if they qualify for our program.
Feel free to reach out.
best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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03-22-2017, 07:21 PM #5
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
If the borrower has demonstrated that they don't have a problem defaulting on their prior MCA agreements by stacking, why would someone right them a check without collateral?
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03-23-2017, 12:38 PM #6
- Join Date
- Jun 2014
- Posts
- 89
PJ, please update this thread if/when the SBA goes through. I would be very surprised if the SBA would buy out 3 MCA's totaling over 10% of annual sales. I am rooting for you though, let us know how it all works out!
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03-29-2017, 12:48 PM #7
What are the individual balances with each funder?
Kaitlyn Miller
ISO Coordinator
770-617-2377
KM@SuperiorCapitalfund.com
http://superiorcapitalfund.com/
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