Asset Based LOC - Computer Wholesaling Co.
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  1. #1
    Senior Member Reputation points: 1232
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    Asset Based LOC - Computer Wholesaling Co.

    Asset Based LOC:

    Warehouse -
    Computer wholesaling company -
    650-660 scores -
    150k/mo gross revenues -


    Looking for revolving line to flip inventory.... (already discussed factoring and PO funding, not interested, margins are too tight)

    recommendations?

  2. #2
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Dec 2013
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    713

    Looking for how much of a revolving line?

  3. #3
    Senior Member Reputation points: 7360
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    Aug 2015
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    Boulder, CO
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    I could likely pull some cash out of the client's warehouse.

    With the credit you are stating above, I would likely be at 9.62% (as long as the client's FICO is above 650, if not we can do a Rapid Rescore to bring him up there).

    30 year term, rate fixed for three years. Monthly payment. I would pay off any existing mortgages and provide cash-out (up to 70% LTV).

    Reach out via email or phone (not PM, please) if you would like to discuss.

    Best,

    Dan Page
    Direct: (303) 938-8280
    dan@BoulderEquityPartners.com
    www.BoulderEquityPartners.com

  4. #4
    Senior Member Reputation points: 203963
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    your merchant may want an actual ABL line instead of factoring could work in his benefit. A lot cheaper too.

  5. #5
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Aug 2015
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    CALIFORNIA
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    947

    try sba if they own the building should not be a problem for term loan maybe LOC with celtic

  6. #6
    I have a client that received funding for $1.3 million. Funder can lend up to $5.0 mill. Not an MCA lender.

    Call me at 765.517.0975.

    Lorraine

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