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03-27-2018, 11:54 AM #1
- Join Date
- Mar 2015
- Posts
- 62
300k LOC 640 FICO 400k/month IT Company
Looking for 300,000 LOC for an IT company, strong financials, tax returns all check out - any ideas here?
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03-27-2018, 12:00 PM #2
- Join Date
- Jan 2014
- Posts
- 1,380
might be good fit for invoice factoring. Try Kevin @ seacoast or Kevin @ Capital Solutions Bancorp
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03-27-2018, 12:01 PM #3
- Join Date
- Jan 2016
- Posts
- 435
Any collateral?
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03-27-2018, 01:14 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,995
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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03-27-2018, 02:04 PM #5
- Join Date
- Jul 2017
- Location
- FL
- Posts
- 35
This client might be a better fit for A/R financing if they have B2B or Govt receivables.
Send me a pm or give me a call or email.
AmeriFactors Financial Group is a direct lender and has funded over $5BILLION since 1990.
We offer:
• NON-Recourse A/R Factoring
• PO Funding
• Asset Based Lending (ABL)
• SBA Loans
We pay brokers recurring monthly residual commissions, on closed deals funded.
Rob Brownell
Amerifactors Financial Group
215 Celebration Place, Suite 340, Celebration, FL 34747
p: 772-419-8606
e: rbrownell@amerifactors.com
w: www.amerifactors.com
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03-27-2018, 02:15 PM #6
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Depending on how the IT Company bills- a receivables LOC can be created. If they are billing in arrears for services performed- very easily done. If however they are billing maintenance or software usage in advance- the AR cannot be levered. A Call with client would reveal that.
At 400k per month an 800k facility would likely be appropriate. If the Company is growing- a term loan is less desirable than a line of credit. Understanding the clients growth plan and use of funds will be the determining factor of the product you recommend.
Feel free to touch base if you would like assistance..
Richard 516 510 3855
www.businesscapitalconsultants.com
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03-29-2018, 09:58 PM #7
- Join Date
- May 2016
- Location
- San Francisco & New York City
- Posts
- 75
Try BlueVine - we provide lines of credit up to $250K and factoring lines up to $5 million.
matt.estes@bluevine.com
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