$500-650k Term Loan Needed :-)
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  1. #1
    Member Reputation points: 739 TB-Commercial's Avatar
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    $500-650k Term Loan Needed :-)

    Hi Guys,

    I don't have very many relationships with Term Lenders so I'm hoping someone can point me in the right direction. I have a profitable client generating $330k average monthly. In business 16 years, high 600's credit. Has 2 loans out with Biz2Credit and Kabbage totalling $332k. Total payments around $14k monthly. Looking to lower his payment and/or take on additional funding for new contracts/expansion. Fundation won't do that high with current advances, and Dan Page's program isn't a fit right now as well. Thanks in advance for any help, I'm open to any ideas!

  2. #2
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    no one without real estate

  3. #3
    Member Reputation points: 739 TB-Commercial's Avatar
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    I kind of figured so...

  4. #4
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    Do you have a balance sheet and A/R report? A company that size may have other assets to leverage.

  5. #5
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    If they have A/R, Inventory or Equipment to leverage try Southstar Capital or Lendistry.
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  6. #6
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    I can do term loans 5-10 years 350k-5M with 8-16% rate.

  7. #7
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    Stop posting nonsense...motor Pkwy hump

  8. #8
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    TB-

    Dan Page's program isn't available at the present time, and I believe another blogger mentioned Lendistry- which is now only doing California programs.

    If the entity is profitable and there isn't more debt on the balance sheet other than the notes mentioned (not including equipment debt), we represent two separate Family Desks in the NY Metro area that will deploy Capital on a transitional basis to clients like this- as long as there is a realistic exit strategy.

    Feel free to touch base.. On this one I'm most curious about another bank loan etc..

    RG 516 510 3855

    Business Capital Consultants
    2127 Lakeland Avenue
    Ronkonkoma, NY 11779

    rg@businesscapitalconsultants.com

  9. #9
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    Quote Originally Posted by golf2014 View Post
    Stop posting nonsense...motor Pkwy hump
    You have to be the biggest douche on this entire forum, every post of yours is bashing babbling nonsense and deliberately negative. I don't know how you're not banned just for being the model of basic stupidity

  10. #10
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    Soccercoach,

    While I have not had the pleasure of working with you, I have had the opportunity to work with golf2014- he's not what you've described him to be at all. I believe he was just questioning whether or not the poster was deploying his own capital- which he likely isn't.
    Last edited by RichardGerard; 07-07-2017 at 11:31 AM. Reason: typo

  11. #11
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    Quote Originally Posted by RichardGerard View Post
    Soccercoach,

    While I have not had the pleasure of working with you, I have had the opportunity to work with golf2014- he's not what you've described him to be at all. I believe he was just questioning whether or not the poster was deploying his own capital- which he likely isn't.
    Richard you should do research into who you are working with before vouching for them.

  12. #12
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    $500-650k Term Loan Needed :-)

    It was a reply at 1am. Must have been lonely. Always welcome to come say hello at Motor parkway.
    Main Street Merchant Services Inc.
    Office: 877-496-3053 Ext. 104
    Cell: 631-560-4270

    deals@mainstreetcash.com

  13. #13
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    Bond Street goes up to 1million on term loan 3yrs 8-12%

  14. #14
    Member Reputation points: 1135 Cambridge's Avatar
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    Quote Originally Posted by Sachip24 View Post
    Bond Street goes up to 1million on term loan 3yrs 8-12%
    Hey Sachip,


    Do you have anymore info on Bond Street's approval process, who you'd compare them to and maybe a good contact? I did a look over their website but maybe you might have some inside info and experience on what they like and look for, stuff that's obviously not plastered online.

    I could use a new term lender or two in my arsenal.


    Thanks,

  15. #15
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    Quote Originally Posted by Cambridge View Post
    Hey Sachip,


    Do you have anymore info on Bond Street's approval process, who you'd compare them to and maybe a good contact? I did a look over their website but maybe you might have some inside info and experience on what they like and look for, stuff that's obviously not plastered online.

    I could use a new term lender or two in my arsenal.


    Thanks,
    They work with very few brokers, probably less than a dozen.

  16. #16
    Member Reputation points: 1135 Cambridge's Avatar
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    Quote Originally Posted by WestCoastFunding View Post
    They work with very few brokers, probably less than a dozen.
    I'd work with one of thier brokers, whatever's best for the client. If at the end of the day they can offer something my other term lenders cannot, I don't mind co-brokering deals at all.

    If you know anyone, please let me know.

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