[socalgav]

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.

[TedFundy]

6 months? What industry is that?

[socalgav]

Used car parts / wholesale

[GoldStandard]

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.


Thank You & Stay Productive!

Alexander Gold

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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

[socalgav]

I have , FICO falls under the LOC requirements

[Yankeeman07]

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.

Not sure whom can asses used car parts @ 2M - but, they may qualify for a Line of Credit
or an SBA Loan, based upon your statement of strong bank financials and credit.

Contact me @ 727-233-1111

[edahan]

good email address for you?

[RichardGerard]

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.

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