Results 1 to 12 of 12
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04-28-2017, 10:56 AM #1
- Join Date
- Oct 2015
- Posts
- 26
5 Existing Positions; Software Co in PA
Last 3 Months average $315K per month in deposits. Average balance last 3 months
collected about $23K. Pennsylvania.
Requested a Consolidation but if that is not possible, looking for funding. Does
not have R/E or A/R that can be used. Credit is OK, mid 500's to 600 or so.
Last advance closed about 3/27 as of a few days ago.
I understand the challenges and debatable issues of such a situation. Just checking to see
if something reasonable might be offered in such as situation as this is the scenario
the customer is in.
Thanks,
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04-28-2017, 11:10 AM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Will, why won't the receivables work?
Bob
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04-28-2017, 11:35 AM #3
- Join Date
- Dec 2013
- Posts
- 4,713
If i am not in the deal..we would be happy to make an offer ASAP.. (new system expect faster then ever offers!!)....
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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04-28-2017, 11:35 AM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
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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04-28-2017, 11:50 AM #5
- Join Date
- Jun 2016
- Posts
- 68
We love these deals! Please call me on this deal. Thanks Nathan@empirefunding.com
EMPIRE FUNDING (KASH KAPITAL)
1022 AVE M BROOKLYN NY 11230
646 930 4338
nathan@empirefunding.com
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04-28-2017, 01:14 PM #6
- Join Date
- Mar 2016
- Posts
- 335
If he is pre-billing AND he is in a cash flow crunch with multiple advances out, getting him another MCA is going to further dig a hole. He needs to trim some fat internally.
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04-28-2017, 01:23 PM #7
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Thanks Kevin I understand the problem factors and others may have with advance billing.
However our Hybrid program resolves the problems other factors have.
As far as I know we are the only ones who can factor pre-billings of all types, including these.
Bob Shaw
rshaw@irronhorsecredit.com
734-929-3800
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04-28-2017, 01:39 PM #8
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,977
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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04-28-2017, 02:06 PM #9
If he is profitable you can consider Dan Page's product. Have you worked with him before?
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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04-30-2017, 07:57 PM #10
- Join Date
- Aug 2014
- Posts
- 620
5 Existing Positions; Software Co in PA
We can easily offer another position here if their daily balances can support another advance, stips would also be minimal (DL, VC, and Proof of EIN). Please feel free to reach out if you need any assistance here.
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05-01-2017, 10:26 AM #11
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Thanks for the mention Zach!
I stayed away from this one because the last advance just closed a few weeks ago. Unless the client negotiated an aggressive pre-payment discount, they will owe the entire balance (or likely close to it). My experience in looking at hundreds of files is that usually a consolidation with recent advances on the books often does not make good financial sense for the client. That could change if he has other balances that are more seasoned.
Other issue with this client could be in the balance sheet. If he has no receivables at all and no tangible assets, it could be a struggle.
With typical consolidations, I tend to get payments down to about one-third of what clients are paying now. That can be skewed up on down based upon funding dates, rate, term, etc.
Happy to talk and see if it could be a fit, though.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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05-02-2017, 11:08 AM #12
We may be able to help you contact us at https://www.fastcapital360.com
Fast Capital 360 - Fast, Transparent & Fair Small Business Loans.
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