Results 1 to 7 of 7
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03-29-2017, 06:13 PM #1
Reputation points: 10
- Join Date
- Mar 2014
- Location
- Orange County
- Posts
- 12
VERY GOOD CASE for MCA Industry, Business utilized 17M in MCA
Client utilized 17M from MCA companies for past 3 years
Client requested to find new home.
20 years old company.
current MCA balance is around 1.2M but will pay off 800k in 20days.
VERY GOOD Case, utilized more than 17M to expand their company in past 3 years. never defaulted.
3M monthly deposits, mainly from public companies.
seeking for hybrid factoring/MCA
pm or email, will provide details with papers.
info@brightpointcapital.net
Direct lenders please.
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03-29-2017, 06:26 PM #2
Reputation points: 338677
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
VERY GOOD CASE for MCA Industry, Business utilized 17M in MCA
Factoring depending on industry. Kevin.Henry@Seacoastbf.com
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
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03-29-2017, 06:50 PM #3Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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03-29-2017, 07:06 PM #4
Reputation points: 338677
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
VERY GOOD CASE for MCA Industry, Business utilized 17M in MCA
Seriously....3mil a month should be banked, factored, or using an ABL facility. I would love to know how much the $17mil cost the company.
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
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03-29-2017, 08:29 PM #5
If the borrower is not bankable due to financials, credit, or some other reason, World Business Lenders can potentially consolidate their debt and get them into a multiple-year term loan. In many cases we can help a borrower unlock inefficient, unused equity in their real estate... even if other hard money lenders have already turned them away.
Our pricing model has a wide variety of programs: we have one of the lowest-cost products in the alternative lending space. I'd like to speak with you briefly and see if there's a good fit for this borrower. Of course, if you can take it to a bank (like Mr. Henry above), that is likely the lowest-cost option for this borrower.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-29-2017, 08:31 PM #6
Reputation points: 10
- Join Date
- Mar 2014
- Location
- Orange County
- Posts
- 12
3 years ago, bank deposit wasn't 3M.
When opportunity knocked their door, they weren't ready for banks. For most of our clients, MCA fee is just part of the investment for thier business, without sharing any type of ownership. they succeed on the retail side too and raised 10M annual gross sales on the 'other hand'. Everything was possible because MCA made it happend. They do not regret because it wasn't possible without quickness of MCA. Also there is no way to pull 17M from the bank, even if MCA was utilized as credit line.
Eventually, they will go to major bank when they are ready and we will support that too.
until then.... they need our support.
Replied most of the emails and pm.
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03-30-2017, 09:31 AM #7
Reputation points: 7360
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Very interesting.
I am a direct funder. We are NOT a MCA lender. From the client’s perspective, we look and operate more like a term loan, with monthly payments.
Pretty close to what you are seeking “hybrid factoring/MCA”.
12-30 month term. Minimum funding $100k, max is $2MM.
We also allow the client to pay us off any time after six months, with no fees, penalties or interest.
We funded $1.15MM this week alone, and specialize in the larger, more complicated deals.
Approval revolves around NET income (not bank deposits) and strong balance sheet. We want to make sure our clients can realistically afford their debt service. Imagine that!
Feel free to reach out and discuss.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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