Publicly Traded company
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  1. #1
    Karen37a
    Guest

    Publicly Traded company

    I have a merchant who is on the small cap or micro cap nasdaq..

    I think I can get to 51% ownership or signature authority with the 3rd person ..a trustee, who controls 19%, the balance is public

    If any Direct Lender would work with a publicly traded company if you can please pm me.

    I have Full Financials.They want 300k but reduced expectations down to 70k-100k

    Direct Lenders only
    Last edited by Karen37a; 04-20-2017 at 11:35 AM.

  2. #2
    Member Reputation points: 227
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    I was working with a public company before that had been funded by Quarterspot, so I know for sure they fund public companies. I had offers with FORA and Everest previously on this deal too. Give those a try.
    Joe Kimmel
    Funding Merchant Source
    Direct: 516-501-9397
    Email: jkimmel@fundingmerchantsource.com

  3. #3
    Senior Member Reputation points: 54989
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    Cresthill has funded tens of publicly traded files. FASTEST OFFERS/FEW STIPS/DOUBLE DIGIT COMMISSIONS!
    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

  4. #4
    Karen37a
    Guest
    Thanks

  5. #5
    Senior Member Reputation points: 7360
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    Hi Karen,

    I fund publicly traded companies but the amount is a bit low for me.

    Thanks,

    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com

  6. #6
    Senior Member Reputation points: 338677
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    Quote Originally Posted by Karen37a View Post
    I have a merchant who is on the small cap or micro cap nasdaq..

    I think I can get to 51% ownership or signature authority with the 3rd person ..a trustee, who controls 19%, the balance is public

    If any Direct Lender would work with a publicly traded company if you can please pm me.

    I have Full Financials.They want 300k but reduced expectations down to 70k-100k

    Direct Lenders only
    We have provided factoring facilities and asset based lines of credit for publicly traded companies.
    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

  7. #7
    Karen37a
    Guest
    They want 300k... i talked them down to the minimum so I do not spin my wheels then they do not take a lower offer then I worked for nothing.


    300k is too low?

    My assumption was that you cant sign away shareholders rights and it would have have to be thru a
    personal guarantee. ( above my pay grade )


    Let me get the file together at least there is a possibility.

    Thanks again everyone.
    Last edited by Karen37a; 04-20-2017 at 12:04 PM.

  8. #8
    Senior Member Reputation points: 7360
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    Quote Originally Posted by Karen37a View Post
    They want 300k... i talked them down to the minimum so I do not spin my wheels then they do not take a lower offer then I worked for nothing.


    300k is too low?

    My assumption was that you cant sign away shareholders rights and it would have have to be thru a
    personal guarantee. ( above my pay grade )


    Let me get the file together at least there is a possibility.

    Thanks again everyone.
    300 is not too low, if they qualify! ($70k was too low). Thanks

  9. #9
    Senior Member Reputation points: 503040
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    Oct 2016
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    EBF but they will still require a COJ.

    Not sure if they still do it, but I had large contracts for publicly traded company from Rapid a few years ago, but we ended getting them something else.
    Last edited by WestCoastFunding; 04-20-2017 at 12:49 PM.

  10. #10
    Karen37a
    Guest
    The banks are great. One person has a 700 plus credit score, the other 560-580, I do not know about the trustee , i threw them into the mix.

    1 account 450-600k deposits the other 250-350k. 2 nsfs.

    West coast just picked up on the hitch on the file that I am foreseeing... the Ceo not wanting to sign a Coj because its disclosed publicly and he thinks it will call a traditional loan he entered into..or so he says, ( which is why I am saying 51% ).

    Thats why I talked them down to 70k-100k, hoping for more $ but trying to the get the money fast ( if at all ) and lessen risk.

    Thanks everyone for your help,one of my brokers are gathering the balance of docs on second account.
    Last edited by Karen37a; 04-21-2017 at 10:46 AM.

  11. #11
    Banned Reputation points: 4530
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    Hi Karen...what's your clients business
    Bob Shaw

  12. #12
    If the merchant has decent credit and it is a 1st position send the deal to business backer. As long as you have 51% ownership they should be able to get the deal done.

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