[Will Sanio]

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,

[bdshaw]

Will, why won't the receivables work?
Bob

[mcaguru]

If i am not in the deal..we would be happy to make an offer ASAP.. (new system expect faster then ever offers!!)....

[Kevin Henry-Seacoast]

Will, why won't the receivables work?
Bob

Because software companies typically pre-bill their customers Bob.

[EmpireRoth]

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

[TedFundy]

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.

[bdshaw]

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

[Yankeeman07]

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,

Credit score of mid 500's to 600 is good?

[Zach]

If he is profitable you can consider Dan Page's product. Have you worked with him before?

[Anthony@torro]

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.

[dpFund]

If he is profitable you can consider Dan Page's product. Have you worked with him before?

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

[FastCapital360]

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