Results 1 to 6 of 6
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12-05-2017, 02:38 PM #1
- Join Date
- Jan 2017
- Posts
- 116
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?
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12-05-2017, 03:03 PM #2
Looking for how much of a revolving line?
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12-05-2017, 03:16 PM #3
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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
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12-05-2017, 03:34 PM #4
- Join Date
- Jan 2014
- Posts
- 1,380
your merchant may want an actual ABL line instead of factoring could work in his benefit. A lot cheaper too.
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12-05-2017, 03:46 PM #5
try sba if they own the building should not be a problem for term loan maybe LOC with celtic
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01-03-2018, 06:13 PM #6
- Join Date
- Jul 2017
- Posts
- 49
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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