Commercial Distributor 3M annually
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  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Commercial Distributor 3M annually

    3M annually
    3 different bank accounts
    Commercial HVAC distributor

    Was declined for:
    Average NSF > 7 over last 3 months, or in most recent month

    What direct funder can do this? Needs 100k-150k
    Last edited by brokerCompany; 03-29-2017 at 02:04 PM.

  2. #2
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    Quote Originally Posted by brokerCompany View Post
    3M a month
    3 different bank accounts
    Commercial HVAC distributor

    Was declined for:
    Average NSF > 7 over last 3 months, or in most recent month

    What direct funder can do this? Needs 100k-150k
    The header says $3mil Annual and the body of the post say $3mil/Month. Is he selling to commercial customers on terms? Do he have a senior lender in place encumbering AR and Inventory? If not would they consider factoring or an asset based line of credit? $3mil/month on terms ....he likely has $4-5mil in AR outstanding. You might be able to fetch him a larger revolving deal here. Yes-I am a lender.

    Kevin
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
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    Seems like 90% of your deals are factoring deals. They definitely need an A/R LOC like Kevin said.

  4. #4
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    Quote Originally Posted by TedFundy View Post
    Seems like 90% of your deals are factoring deals. They definitely need an A/R LOC like Kevin said.
    That kinda volume we could potentially provide a bunch of liquidity at a very attractive rate AND you will look like a hero to the client while making great commissions at the same time.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  5. #5
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    post corrected 3.4M annually

  6. #6
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    Cresthill.
    3 hour offers / few stips / DOUBLE DIGIT COMMISSIONS/

    AS PER UW'S WILL BE VERY AGGRESSIVE TO GET FILES FUNDED IN MARCH!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

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