[LikeMindedCapital]

Hello,

This is for my customer who is seeking $300,000 or more in funds via factoring with signed contracts or a first position MCA.

The contracts they are willing to use are worth $620,000 total so they would like to get as much as possible and have $60,000 in cash assets to invest into the loan or utilize as collateral also.

They've taken MCAs before, they recently paid off a few and have none currently. They just have an LOC with the bank they use right now. Owner has a FICO that is barely sub 700 only due to the inquiries he got from his last broker being trigger happy. Did $700k last year and are approaching $550k already for 2017 so far, so a lot of growth here.

Main issue in getting declined on term and SBA loans = low daily balances, some overdrafts, too many recent open accounts (although they have proof of pay off)

Any recommendations on a factoring company to bring this one too? I'm new to factoring and I'm unfamiliar with how many points I should expect on this if I went the factoring route and what kind of rates my customer would be paying.

Any insights? Thanks!

[Kevin Henry-Seacoast]

Hello,

This is for my customer who is seeking $300,000 or more in funds via factoring with signed contracts or a first position MCA.

The contracts they are willing to use are worth $620,000 total so they would like to get as much as possible and have $60,000 in cash assets to invest into the loan or utilize as collateral also.

They've taken MCAs before, they recently paid off a few and have none currently. They just have an LOC with the bank they use right now. Owner has a FICO that is barely sub 700 only due to the inquiries he got from his last broker being trigger happy. Did $700k last year and are approaching $550k already for 2017 so far, so a lot of growth here.

Main issue in getting declined on term and SBA loans = low daily balances, some overdrafts, too many recent open accounts (although they have proof of pay off)

Any recommendations on a factoring company to bring this one too? I'm new to factoring and I'm unfamiliar with how many points I should expect on this if I went the factoring route and what kind of rates my customer would be paying.

Any insights? Thanks!

Too small for us. You cannot factor the contract. You have to factor the invoices for work that has been completed and approved by the customer. All the current debt would likely have to be paid off.

[abfunders]

First of all, get him to trust you. Tell him that you can get the inquiries removed within a month. Bigger LOC shouldn't be much hassle after that.

Email or PM me, I can guide you how to go about doing it, and I won't even "co-broker" it with you and take away from your commission if it's not too difficult a case.

[TedFundy]

Hello This is Milton WeathersII and we can get you started with the factoring we can get 95% of

the profits of your bills to your company , send a Response to Tazrazorback37@gmail.com

or you can contact us and tell them I sent you.
Attachment 1678

Looks legit......

[Zach]

It looked legit until I saw "Tazrazorback@gmail.com"

[FastCapital360]

We may be able to help you contact us at https://www.fastcapital360.com