Factor / ABL loan: Need an ABL loan for 250K
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  1. #1
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    Quote Originally Posted by socalgav View Post
    Factor / ABL loan: Need an ABL loan for 250K. Inventory is valued at 2M, used car parts. Issue: A/R average time is 6 months (normal for this industry) B2B. Strong Banks and credit.
    Have you thought of a line? Is credit above 720 on all 3 reports?
    https://nationalcc.wufoo.com/forms/p...m-funding-llc/ UP TO $250K REVOLVING LINE ... UP TO 5 YEAR, most will be 24 month Revolvers, Subordinated is ok , NO DOC 720 MIN SCORE ON ALL 3... 0% FIRST 6-12 MONTHS 8-19% APR AFTER THAT
    No Banks needed.


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  2. #2
    Member Reputation points: 11 socalgav's Avatar
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    I have , FICO falls under the LOC requirements

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