Results 1 to 16 of 16
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07-06-2017, 10:53 AM #1
$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!
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07-06-2017, 10:54 AM #2
no one without real estate
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07-06-2017, 10:57 AM #3
I kind of figured so...
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07-06-2017, 11:05 AM #4
- Join Date
- Jan 2016
- Posts
- 435
Do you have a balance sheet and A/R report? A company that size may have other assets to leverage.
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07-06-2017, 11:09 AM #5
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
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07-06-2017, 11:25 AM #6
- Join Date
- Jun 2017
- Location
- 360 Motor Parkway Suite 200B Hauppauge NY 11788
- Posts
- 4
I can do term loans 5-10 years 350k-5M with 8-16% rate.
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07-07-2017, 12:58 AM #7
- Join Date
- Apr 2014
- Posts
- 781
Stop posting nonsense...motor Pkwy hump
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07-07-2017, 07:17 AM #8
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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
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07-07-2017, 09:54 AM #9
- Join Date
- May 2017
- Location
- Jacksonville, Florida
- Posts
- 31
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07-07-2017, 11:30 AM #10
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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
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07-07-2017, 11:42 AM #11
- Join Date
- Aug 2016
- Posts
- 831
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07-07-2017, 11:42 AM #12
- Join Date
- Jun 2017
- Location
- 360 Motor Parkway Suite 200B Hauppauge NY 11788
- Posts
- 4
$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
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07-07-2017, 02:42 PM #13
- Join Date
- Jan 2014
- Posts
- 1,380
Bond Street goes up to 1million on term loan 3yrs 8-12%
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07-07-2017, 03:46 PM #14
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,
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07-07-2017, 07:14 PM #15
- Join Date
- Oct 2016
- Posts
- 4,318
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07-10-2017, 11:21 AM #16
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