Lower Net Requirement for Payoffs/Consolidation?
Need a Funder or Vendor? START HERE

Results 1 to 7 of 7
  1. #1

    Question 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.

  2. #2
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    If they had a net profit of $300K see Dan Page.

  3. #3
    Senior Member Reputation points: 105
    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

  4. #4
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Quote Originally Posted by WestCoastFunding View Post
    If they had a net profit of $300K see Dan Page.
    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

  5. #5
    Senior Member Reputation points: 68233
    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?

  6. #6
    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!

  7. #7
    What are the individual balances with each funder?
    Kaitlyn Miller
    ISO Coordinator
    770-617-2377
    KM@SuperiorCapitalfund.com
    http://superiorcapitalfund.com/

Similar Threads

  1. Looking for numbers for payoffs
    By DEUCESofROBINWOOD in forum Merchant Cash Advance
    Replies: 17
    Last Post: 01-10-2019, 11:29 AM
  2. Requesting Balances and payoffs...
    By WhoisKingsley in forum Everything else
    Replies: 5
    Last Post: 10-16-2018, 07:31 AM
  3. Replies: 0
    Last Post: 04-05-2016, 05:39 PM
  4. LoanMe, OK! Who Else with no Min. FICO Requirement?
    By Fundyman in forum Business Loans
    Replies: 14
    Last Post: 11-14-2015, 12:20 AM
  5. Bank Log In Information Requirement
    By LoanShark714 in forum Merchant Cash Advance
    Replies: 17
    Last Post: 05-22-2014, 10:07 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY