[Cashman1]

Monthly deposit 500k daily balances decent.

Company provides group homes for special needs people.

They have only 4-5 deposit a month from government every Friday.

Looking for ideas of lender for first position. Merchant wants 300k

[Yankeeman07]

Do they own the homes?

Two possible options - Preferred SBA Lender or Hard Money Loan

[omegafund]

I can help depending on time in business and credit Message you.

[RichardGerard]

Monthly deposit 500k daily balances decent.

Company provides group homes for special needs people.

They have only 4-5 deposit a month from government every Friday.

Looking for ideas of lender for first position. Merchant wants 300k

Afternoon Cashman1,

Our group has had success with several files like this. Typically we will need to see the balance sheet and understand the existing liabilities. The Net receivable (the amount they are paid) is also a large component. If it is Medicare or Medicaid and there is no dilution the clients ask is easily attained.

Please feel free to contact me directly (Richard 516 510 3855) to discuss..

Regards,

RG

www.businesscapitalconsultants.com

[RichardGerard]

Monthly deposit 500k daily balances decent.

Company provides group homes for special needs people.

They have only 4-5 deposit a month from government every Friday.

Looking for ideas of lender for first position. Merchant wants 300k

Additionally:

If the client is in growth mode, the last thing they likely want is a term loan- paying down principal and interest. A revolver would be provide more liquidity and their growth would not be inhibited with the burden of paying P and I.

[df-samsonfunding]

Sent a PM.

[Ultimatecloser]

NEW HYBRID FUNDING PROGRAMS FOR YOUR CLIENTS NEEDS



Attached is a file that gives you all the details on the checkbook LOC product. Please review it because it is much more thorough than the info below.

In a nutshell :

Checkbook LOCs are Prime+ accounts that are typically coming out at 5-8% right now. 9.5% is the highest we've seen.
- Approval amounts up to 20% of gross, about $150,000 max per lender, with multiple lenders available.
- Requires 2+ year old corporation, 300k/year gross revenues, and anybody that owns more than 20% needs to have strong personal credit

Docs needed for checkbook LOC review:
1. Completed Prequal
2. last year's business tax returns
3. Credit reports for anybody that owns more than 20%

We also need the answers too the following questions :

Checkbook LOC Questions

1. What is the legal business name?
2. What type of business is it?
3. What date was the business incorporated?
4. How many owners are there?
5. Which City & State is the business based out of?
6. Which City & State do each of the owners live in?
7. What were the company’s Gross sales and Net revenues last year?
8. Does the business have any existing LOCs / Loans? If so, please provide details
9. Please provide a credit report of all owners that have 20% or higher ownership

The MAX a bank will lend on a LOC is 20% of gross revenues.
Excellent credit definitely helps.

[edahan]

Monthly deposit 500k daily balances decent.

Company provides group homes for special needs people.

They have only 4-5 deposit a month from government every Friday.

Looking for ideas of lender for first position. Merchant wants 300k

- Im good for 150K here.

Will need to look at statements.


Eli Dahan
Funder
P:347-623-1444
F:646-398-5651
E:eli@yellowstonecapllc.com