Results 1 to 7 of 7
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04-13-2017, 07:01 PM #1
$500,000+ Needed for Large Manufacturing Plant -- Asset-Based Deal **Tough Deal***
tough deal. Why? Most people can't get past the fact that the CEO of the company is only 0.5% shareowner.
I'm working this as an asset-based deal because there is over $15MM in equipment available as collateral & the CEO has authority to sign it all over as security against the loan.
Company does easily average $2MM/month gross & has money left over in the bank every month.
Need to get this funded ASAP, as they soon won't need the money if they keep saving it themselves...
If you're comfortable doing this as a cash advance, let me know NOW in PM (brokers don't waste my time; direct in-house funders only on this one)
Otherwise, ASSET-BASED it is.
Need $500,000 or more. email: solidmerchantsolutions@yahoo.com or my better email if you know it; PM me. Let's get this done tomorrow.
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04-14-2017, 07:35 AM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
I will reach out to you..
RG
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04-14-2017, 12:04 PM #3
Sent you a email.
Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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04-14-2017, 09:14 PM #4
- Join Date
- Jan 2015
- Posts
- 70
Based on your description I can secure your customer $500,000 for 3 to 5 years if they put up $1,000,000 of equipment collateral. I don't care about your .05% CEO, however, we will require all individuals that own 20% or more of the company to personally guarantee our financing. If no one owns 20% of the company, we won't require a personal guarantee
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04-15-2017, 02:13 PM #5
- Join Date
- Feb 2017
- Posts
- 3,450
I sent you an email, you didn't look at it yet....
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04-17-2017, 01:36 PM #6
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Fundyman-
Of course you cold try the preferred route of factoring but I assume you have looked at that and disregarded it.
That leaves the equipment. What type of equipment, is it paid for, has it been apprised recently and are there are any existing liens.
Call me and I'll lead you to the correct lender.
Bob 734.929.3800
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04-18-2017, 02:20 PM #7
- Join Date
- Oct 2016
- Posts
- 45
Enerdel - this is my deal it's interesting to see it back on Daily Funder
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