Transactions
Wholesaler
Amount Funded: |
$250,000.00 |
Deal Terms: |
12 months with 6 month pre-pay discount |
Collateral: |
Second position on an industrial property |
Revenue: |
$264,000 per month |
Credit: |
673 |
In Business: |
12 years |
Details: |
Proceeds were used to consolidate seven open Merchant Cash Advance balances. |
Trucking
Amount Funded: |
$150,000 |
Deal Terms: |
15 months |
Collateral: |
Second position on a residential property |
Revenue: |
$150,000 per month |
Credit: |
Mid 500’s |
In Business: |
3 years |
Details: |
Business owner had four open cash advances requiring daily payments of $2,499. We paid off all prior lenders and lowered the daily payment to $733!! |
Telecommunications
Amount Funded: |
$600,000 |
Deal Terms: |
15 months with a 6 month pre-payment option |
Collateral: |
3rd position behind a $3.9MM construction loan and a $400k private second. |
Revenue: |
$497,000 per month |
Credit: |
719 |
In Business: |
3 years |
Details: |
Proceeds were used to replenish business capital. |
Mining
Amount Funded: |
$425,000 |
Deal Terms: |
18 months |
Collateral: |
First position on raw land |
Revenue: |
$50,000 per month |
Credit: |
565 |
In Business: |
14 years |
Details: |
No deposits some months. Provided bridge financing enabling the client to complete a $1.17M contract over the next 180 days |