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10-28-2020, 05:23 PM #1
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$3,000,000 Amazon Deal
Does anyone fund Amazon Sellers 3-4mm? A good friend does 20mm a year on Amazon needs cash to purchase inventory.
No brokers please. Feel free to DM if you are a funder.Last edited by SFC; 10-28-2020 at 05:33 PM.
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10-28-2020, 05:29 PM #2
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How on earth does your friend not have an Amazon loan?
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10-28-2020, 05:32 PM #3
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10-28-2020, 05:35 PM #4
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They are invite only, but why didn't they invite him?!
Does he want ease of capital or a large amount of capital?
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10-28-2020, 05:49 PM #5
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10-28-2020, 06:01 PM #6
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The LOC with the bank likely has a UCC on his inventory
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10-28-2020, 06:03 PM #7
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10-28-2020, 11:36 PM #8
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A $3,000,000 MCA Deal? Why? If this business is strong financially, why in the world are they
considering cost of capital @ MCA Rates?Last edited by Yankeeman07; 10-29-2020 at 10:38 AM.
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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10-29-2020, 12:21 AM #9
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10-29-2020, 05:12 AM #10
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A few questions:
-Are the sales with Amazon only or do they have other commercial customers? If so, what is the concentration with Amazon? If it is above 50%, ABL is not likely. A factoring facility including inventory may provide more liquidity.
-How much AR is outstanding? How much inventory is held by the prospect and do they have a perpetual inventory system?
-What is owed to the bank?
-Have you checked their Amazon agreement? If Amazon is holding their inventory they may have a UCC on the inventory even though there is no loan.
Happy to take a look. We have a lot of customers that sell through Amazon. Amazon have various selling programs and it is key to understand which program they are using with Amazon.Hedley Lamarr......That's Hedley
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10-29-2020, 05:15 AM #11
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If there is 100% concentration with Amazon they are NOT getting an ABL deal and a lot of factors would not be able to do 100% concentration. They will say the can do it, but will eventually restrict availability due to concentration.
Getting a stand alone inventory deal done may be difficult. If the inventory is held at Amazon, they have claim to the inventory or may have filed a UCC on inventory.Last edited by Hedley Lamarr; 10-29-2020 at 05:25 AM.
Hedley Lamarr......That's Hedley
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10-29-2020, 09:43 AM #12
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I'd flex 3mm 200 days - 1mm every 20 days
Jared Leff
Alva Advance
www.alvaadvance.com
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10-29-2020, 09:47 AM #13
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$1Mil probably does not get the bank line paid off.......
Hedley Lamarr......That's Hedley
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10-29-2020, 01:49 PM #14
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10-30-2020, 10:12 AM #15
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