Looking for A+ Lenders for a client
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  1. #1

    Looking for A+ Lenders for a client

    Manufacturing business 27 years in business, annual revenue 5.5 million, AR for April 2024 shows 1.5M, Also have contracts signed to do another 1.7M
    Looking for 600k, the rate obviously matters, early payoff discounts as well.
    want to mention client owns property free and clear appraised @ 3 million in February 2024, no liens, has the Manufacturing plant and design company on the property.

  2. #2
    Senior Member Reputation points: 71496 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,213

    I can get him money on his property. NoDoc hard money up to 65% Loan to Value. 10 year Interest Only, then amortized 20. 10.99%. Less than 1% a month payment. $600,000 would cost him $5,495 a month. 650 Fico. Down to 620 Fico rate would be a bit higher.

    Can also get ABL on his A/R

    And money is possible from his contracts as well.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
    Senior Member Reputation points: 4457
    Join Date
    Feb 2014
    Location
    Florida
    Posts
    261

    What is the Experian fico score?

    Are all tax filings current?

    How fast do they need the money?
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

  4. #4
    credit is @ 785

  5. #5
    2022 taxes are complete

  6. #6
    we can fund asap

  7. #7
    Call me, I am the underwriter with Boom Funded.. 754 207 7380

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