Results 1 to 5 of 5
-
04-03-2017, 10:41 AM #1
Reputation points: 10
- Join Date
- Feb 2017
- Posts
- 4
Restaurant Needs $165k - Annual Revenue $835k - FULL Doc
WANTS - $165K
PURPOSE - 1. Payoff current MCA 2. Payoff other some small Loans 3. purchase Catering equipment
ANNUAL REVENUE- $835K
Type - RESTAURANT - (Full Service)
Started - 1 and 1/2 years
Rent - $6,886 monthly Lease
Brick and Mortar - Leasing
Credit Card Sales - Checks accepted only when Catering
OWES - 1 Loan (MCA)
Date Borrowed: 10/19/2016
How Much: $103,500
Balance: $84,000
Payment: $332 / day
NSF's - NO
BK's - NO
Judgments - NO
Tax Liens - NO
I can be reached at lindseyc@whizfunds.com
-
04-03-2017, 10:59 AM #2
We can help, visit us at Fast Capital 360
Fast Capital 360 - Fast, Transparent & Fair Small Business Loans.
-
04-03-2017, 12:01 PM #3
Reputation points: 49940
- Join Date
- Aug 2014
- Posts
- 620
Restaurant Needs $165k - Annual Revenue $835k - FULL Doc
The payoff you're requesting probably won't happen since their balance is so high and they're averaging about 70k/month. If the merchant is open to a 2nd position deal I should be able to do that for you pending their ending daily balances. If you're not already set up with a rep over here at Yellowstone, please feel free to reach out.
-
04-03-2017, 10:28 PM #4
Reputation points: 4457
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 261
I would get him an equipment lease.. or a 2nd position funding, as previously suggested.
-
04-04-2017, 10:50 AM #5
Reputation points: 64
- Join Date
- Jul 2014
- Posts
- 196
Restaurant Needs $165k - Annual Revenue $835k - FULL Doc
Just get a second why pay off the balance with more debt. His numbers show he can handle it.
Mike@samsonfunding.com
347-492-1801
Similar Threads
-
Airport FBO 6mm Annual Revenue looking for $125K
By rparker51 in forum Deal BinReplies: 5Last Post: 09-26-2016, 05:29 PM -
Term Loan for Property Management Company Bringing in 750 K annual revenue
By samnewyorker in forum Business LoansReplies: 2Last Post: 02-25-2015, 11:24 PM -
Credi 700+, annual revenue $500k+
By mca123 in forum Deal BinReplies: 8Last Post: 12-30-2014, 03:28 PM -
Aerospace Technology Company 1.2 Million Gross Annual Revenue
By Cshoke in forum Deal BinReplies: 7Last Post: 10-31-2014, 10:46 AM -
Refrigeration Company Payoff or 2nd Position- 2.2 Million Annual Revenue
By Cshoke in forum Deal BinReplies: 5Last Post: 10-30-2014, 11:01 AM