Results 1 to 8 of 8
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04-11-2017, 11:19 AM #1
1st position, currently in ch.11 bK, looking for 150k
California Deal
Maintenance and Installation
250k March 2017
330k Feb
looking for 150k
Currently in Chapter 11
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04-11-2017, 11:46 AM #2
open Chapter 11, demanding $150K? Some people have brass ones
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04-11-2017, 11:53 AM #3John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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04-11-2017, 12:30 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
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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04-11-2017, 12:48 PM #5
- Join Date
- Jun 2014
- Posts
- 541
Sounds like Debtor In Possession (DIP) financing, which requires court approval.
Last edited by BB_Cooper; 04-13-2017 at 10:46 AM.
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04-11-2017, 01:04 PM #6
- Join Date
- Mar 2016
- Posts
- 335
We are in CA and could so this. We have funded companies in BK many times. I will send you a PM
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04-11-2017, 06:41 PM #7
- Join Date
- Sep 2014
- Posts
- 263
You can't take a loan out when your in Chapter 11 without Court approval - do you have a Motion to authorize the DIP financing? What were the terms the court authorized?
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04-12-2017, 04:12 PM #8
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Instead of guess why not contact a company that has experience in DIP financing such as us and a few other companies in this thread. Over the years I've seen urban legend run rampant through folks who just don't know the facts.
We are prepared to petition the court to authorize financing of the debtor's accounts receivable.
Bob Shaw
rshaw@ironhorsecredit.com
734-929-3800
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