Results 1 to 8 of 8
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07-21-2017, 01:55 PM #1
Factor / ABL loan: Need an ABL loan for 250K
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.
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07-21-2017, 02:28 PM #2
- Join Date
- Mar 2016
- Posts
- 335
6 months? What industry is that?
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07-21-2017, 02:35 PM #3
Used car parts / wholesale
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07-21-2017, 03:02 PM #4
- Join Date
- Apr 2017
- Location
- 1301 NJ-36, Bldg#2, Ste#5, Hazlet, Nj, 07730
- Posts
- 143
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.
Thank You & Stay Productive!
Alexander Gold
LOGO1.png
Director of Business Development
| Mob | (862) 888-3235 | Toll | (844) 804-3511 Ex: 1008
| Fax | (646) 766-9923 | Email | Agold@ProsperumFunding.Com
57 West 38th Street, Suite 604 | New York, NY 10018
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07-21-2017, 03:08 PM #5
I have , FICO falls under the LOC requirements
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07-21-2017, 06:26 PM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,960
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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07-24-2017, 01:19 PM #7
- Join Date
- Dec 2015
- Posts
- 26
good email address for you?
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07-29-2017, 12:40 PM #8
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Socalgav,
Even with the lengthy AR cycle, the $2M in inventory (depending on the velocity of turnover) and strong guarantor/balance sheet would be enough to qualify for straight bank debt. Can't say with any certainty the amount they would qualify for without knowing specifics.
RG
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