$4mm per year Restaurant prefers LOC
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  1. #1
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    $4mm per year Restaurant prefers LOC

    Client with no debt and $4mm 2016 revenue seeks LOC. I have presented MCA to the client he is rate savvy however and would prefer an LOC. Great credit and cash flow.











    David Fears CPA
    GIGATT Business Solutions
    9188 E San Salvador Drive
    Scottsdale, AZ 85058
    (602)753-9158

  2. #2
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    South Florida
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    $4mm per year Restaurant prefers LOC

    is his name Joe? owns several restaurants, New York, FLA etc...
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  3. #3
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    No. Hes a California guy with restaurants in CA and Phoenix. Can you help?

  4. #4
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    Nice credential David

  5. #5
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    So, usually a bank-rate LOC would require A/R. So if the merchant doesn't expect something bank-rate, I'd consider ARF's Line of Credit.

    http://www.arffinancial.com/loan-pro...nes-of-credit/

  6. #6
    PM'ed you

  7. #7
    Member Reputation points: 10
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    I have a couple of Partners I work with. If revenue is what you say and credit is over 600.

    lets have a conversation today.

    954-297-2348

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