[Mynameisbob]

Looking for a lender that can fund a not for profit. Not looking for MCA client already has 2 positions out. They are doing 800K monthly, current on tax returns and are showing a net profit of roughly 50K.

[abfunders]

What's the industry?
What's the credit?
What's the collateral? Who says they need an MCA, maybe they have something else to leverage?
What's the current debt?

Give us more information, you'll get a lot further.

[RichardGerard]

Looking for a lender that can fund a not for profit. Not looking for MCA client already has 2 positions out. They are doing 800K monthly, current on tax returns and are showing a net profit of roughly 50K.

Good Morning Mynameisbob,

Other than saying the entity is listed as a Not for Profit- you're not giving much information. In order to say yes something can be done or no it can't be- we need to understand what the entity does, are the principals willing to personally guarantee debt, what other debt exists on the balance sheet etc..

[Mynameisbob]

Company is a community health clinic.

They are willing to personally guarantee the debt.

[RichardGerard]

Have seen it 3 separate times.. They have a huge IRS lien in a payment plan.. I PM'd you.. Please touch base

[abfunders]

Mendel Out of Monsey, eh?
They won't send me over the YTD P&L, I guess I know why.
He currently took $465k from YS and supposedly has an offer from Prosperum for $800k to buy it out.

I was wondering why he wasn't willing to put up any collateral. He's probably going out of business. One of my lenders told me that a NFP only has taxes on payroll, which means he can't afford to pay his workers!

[J.Celifarco]

How about who does non profits at all? I really have never been able to get those done. Please let me know where a good place to send these I appreciate it

[mcaguru]

We fund not for profits several times A day !



FYI if your not working with us Sign-up ASAP great way to go into the holiday season!! knowing your with one of the best subprime funding houses (especially if you hate lots of Stips) and prefer a late hours to submit files and get responses extremely FASTTT!!...

[WestCoastFunding]

How about who does non profits at all? I really have never been able to get those done. Please let me know where a good place to send these I appreciate it

Done them with EBF. Someone's gotta sign the COJ.

[ryan $]

Discount, Happyrock (case by case), InAdvance (case by case), Principis, RDM, Strategic, Viking/Lendr, Wall , Mesa Mutual

Non Profits

[Mynameisbob]

do you know any lenders that will do term loans for not-for profit?

can anybody give me feedback on lendistry

[RichardGerard]

do you know any lenders that will do term loans for not-for profit?

can anybody give me feedback on lendistry

Lendistry shifted to only lending in California

[RevivingDeadPresidents]

Lendistry shifted to only lending in California

they will go other states but will need collateral. at least with us they will.
They wont do NPO's though.