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01-05-2021, 10:50 AM #1
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- Feb 2020
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Who does buyouts for 3 positions?
Hi,
I have a merchant with 3 positions totaling roughly 140k. They are looking to consolidate and net an additional 40-60k if possible. They do about 110k a month. Always paid their bills on time with no NSF's. Would any lender touch this?
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01-05-2021, 10:57 AM #2
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- Jul 2017
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01-05-2021, 11:11 AM #3
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- Feb 2020
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01-05-2021, 11:19 AM #4
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- Feb 2017
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- 3,395
Well clearly an MCA isn't going to do this, so you have to be a bit more specific:
- What's the industry?
- Is there collateral?
- What's the FICO?
- Is there senior debt that are not MCAs?
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01-05-2021, 11:28 AM #5
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- Feb 2020
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01-05-2021, 11:30 AM #6
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- Feb 2017
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01-05-2021, 11:51 AM #7
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- Feb 2020
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Yes credit above 700 for both owners. Which lenders would do a consolidation?
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01-05-2021, 11:54 AM #8
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- Feb 2017
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They can qualify for good unsecured debt with REAL banks. Just a matter of knowing how to monetize.
And if they're truly B2B, factors who do subcontractors will. Can you ask them why they're not factoring?
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01-05-2021, 12:00 PM #9
Discount Merchant Funding, IOU Financial, QuickSilver, Quikstone Capital, The Smarter Merchant, VitalCap Fund
Probably can count Quikstone out. If it's construction, most likely don't accept CCs.
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01-05-2021, 12:02 PM #10
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- Sep 2020
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- 26
G&G Funding can look into a reverse consolidation with capital on top if it makes sense
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01-05-2021, 05:22 PM #11
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- Mar 2014
- Location
- Florida
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- 2,925
Get them out of the MCA World - that is what is choking them
Term Loan with a Private Lender (Quicker Closing - 15 business days) or look into a SBA 7(a) Loan (of course that is a much longer closing time)
**Keep in mind EIDL Loans are still available if they have not participated before.
https://www.sba.gov/funding-programs...disaster-loansDave 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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01-05-2021, 08:08 PM #12
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- Nov 2020
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- 30
Premier Capital would definitely like to take a look at this one.
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01-06-2021, 11:15 AM #13
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- Feb 2020
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01-06-2021, 12:09 PM #14
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- Apr 2020
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EIDL is the best possible option for any business owner right now. 600+ credit score on Experian. What happens down the line when they use the money for the wrong things - we shall see
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01-06-2021, 01:07 PM #15
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- Aug 2014
- Posts
- 194
I think you are referencing PPP and people that misuse those funds. EIDL is an actual business loan that is paid back and doesn't have the restrictions that the PPP has in regard to the % that must be used for payroll.
EIDL will require you to obtain Hazard Insurance within 12 months of funding your EIDL loan as well.
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01-06-2021, 05:36 PM #16
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- Aug 2020
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- 15
We wil do it
Frank Scarso
CEO/ Avanza Capital
3974 Amboy Rd, ste 306
Staten Island, NY 10308
212-457-1573
franks@avanzacapitalllc.com
www.avanzacapitalllc.com
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01-07-2021, 10:24 AM #17
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- Sep 2020
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- 52
fundworks would do a buyout of a b deal with 3 positions if it makes sense. going for reverse would probably end your control of the deal, as well as turn away future interest by good funders
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