Seeking Loan/LOC Product for existing client
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  1. #1
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    Seeking Loan/LOC Product for existing client

    I have a client that is seeking funding for a project, time is of the essence (isn't it always). I have funded him recently, but he still needs $300,000-$500,000 more. We do not want to do the whole stacking thing with another MCA company, so I am seeking something more along the lines of a Term Loan or Line of Credit(preferably interest only with monthly payments...open to weekly)

    Revenue is good, $250,000-$275,000/month, credit score is over 730, clean history and bank statements. Need a Direct lender, sorry no Brokers on this one!

  2. #2
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    Seeking Loan/LOC Product for existing client

    Has the mca lender filed a lien?

  3. #3
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    Not sure if they have yet, why?

  4. #4
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    Because if they have it would preclude any other lender from taking a first lien position unless the MCA would subordinate to them.
    Depending on their business we might be able to help them.
    Bob Shaw
    734.929.3800
    rshaw@advancecredit.com

  5. #5
    Member Reputation points: 10
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    Boca Raton, FL
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    I have an unsecured line of credit for $200,000...no credit cards...if he qualifies then $$$ deposited into business account...I may also be able to do something with his A/R or if he owns any commercial property.
    Sincerely,

    Jay Rich
    President/Senior Funding Advisor
    Anthem Financial Group, Inc

    Phone: (561) 510-0801
    jay@anthemfinancialgroup.com
    LinkedIn, connect with me: LinkedIn

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