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05-03-2017, 12:11 PM #1Karen37aGuest
Industrial Hemp
I have someone who has "industrial hemp", they say it can be used in paper products, plastic and it is not normal hemp that is considered a drug and they are regulated.
The deposits swing widely because of crop rotation ( this is not my expertise )
150k -600k monthly ..2 years banks ( year to year consistency )
2 partners 51/49
one has 590 credit the other 750...51% is the 590 one
avg 3 nsfs ....
5 years in business
They want 100k
Direct lenders only. ThanksLast edited by Karen37a; 05-03-2017 at 12:17 PM.
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05-03-2017, 12:19 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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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05-03-2017, 12:35 PM #3
This should be interesting to place
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05-03-2017, 01:07 PM #4Karen37aGuest
I mentioned in emails to you while emailing about the micro cap stock public company , you stated that you may be able to so something with it. Pm me if you have a questions in the future.
Also. That public stock company I killed the file while gathering additional documents I found a bank account that was shut down 40 days ago. I asked for a letter from the bank and they wouldn't provide it so I probed further to find the account was shut down due to allegations of money laundering. They or course denied all this.Said it was just a slight mishap. I told them when they get past the hurdle contact me back and of course I was told the normal story of " I wont need you then".
I usually do not post the results of my pre underwriting drama. And if I know someones underwriting criteria will be too stringent after gathering documents. I go down the ladder a b c d..and the rate goes up to coincide with the risk.
I am killing files on my end when something is disclosed that wont pass the muster.
I am sure that stock file will be funded by someone, who will find out about the money laundering right after they fund and they delist totaly or are halted. I do not need to be in the middle of that crap.Last edited by Karen37a; 05-03-2017 at 01:12 PM.
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05-03-2017, 03:44 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Hemp
Hi Karen...who are their customers.
Bob Shaw
rshaw@ironhorsecredit.com
734-929-3800
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05-04-2017, 05:48 AM #6Karen37aGuest
Bob,
I would give people the target market ..like sic codes. But giving away a merchants customer list is actually breaking the privacy of a potential client on a pubic forum. Also it would be a backdoor to my merchant and possible referrals.
This is a semi closed market with a hitch on it, there are limited ways they can market and very few are successful on medium to large scale.
I am not sure if that was what you were asking me. Sometimes people ask me a bit more details via pm to see if they are even interested at all. Even then I disclose on a limited basis because of the backdooring and sensitivity of certain info.
ThanksLast edited by Karen37a; 05-04-2017 at 06:02 AM.
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05-04-2017, 08:36 AM #7
- Join Date
- Jul 2015
- Posts
- 1,202
^ Pretty sure he just wants to know if it is B2B and if so, how they invoice and get paid, inventory on hand, receivables etc.
Last edited by HDF; 05-04-2017 at 08:38 AM.
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05-03-2017, 05:58 PM #8
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,998
You have a unique potential client and you want to be selective on whom can possibly provide you a solution? I work
with several lenders/funders that will accept these merchant files. Nothing pre-guaranteed - just a possibility
I can get them funded , depending on the details and documentation that can be provided by the merchant.Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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05-03-2017, 09:24 PM #9
- Join Date
- Apr 2014
- Posts
- 781
750 credit... line of credit...pm for recommendation.
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05-04-2017, 09:45 AM #10
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
HDF is direct Karen. How about what type of enities make up their market?
Bob
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05-04-2017, 12:00 PM #11Karen37aGuest
Great,
I do not do business thru df posts , I use it to make a live contact. We both are busy people and I found somewhere to go with the deal so no need for anymore questions on this one particular file.
Thanks for the potential look.
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05-05-2017, 10:00 AM #12
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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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