[briandario]

He already has an offer from AMEX for an advance, but the repayment is only 12 months. He wants to spread it out over several years.

He wants either a 2nd position LOC or refi the first and cash out an additional $150K.

700 credit.

Looking for suggestions.

[ryan $]

You have to go Traditional.

LoanMe (which wont be enough dollar amount wise)
LOC from a Bank (Which I am Unfamiliar with

I would do:
Property Deal
Leaseback
**These are assuming they have assets

Try LendingClub
Or someone like Kevin from Seacost

**I stay In MCA Space, a few Term Loans here and there, this is outside my wheelhouse

[RichardGerard]

He already has an offer from AMEX for an advance, but the repayment is only 12 months. He wants to spread it out over several years.

He wants either a 2nd position LOC or refi the first and cash out an additional $150K.

700 credit.

Looking for suggestions.

While the suggestions Ryan made are valid, Earnings, FICO score of the guarantor and the collateral on the balance sheet will determine which direction to move forward.

Straight Institutional debt typically wants to be senior secured- so perhaps there is more meat on the bone than the existing line covers for a refi + the 150k. If not some banks provide unsecured revolvers to highly qualified (FICO 720+) borrowers. Even those however typically have a 1 month clean up component- or they term out with P and I.

Feel free to touch base should you want assistance..

RG 516 510 3855

rg@businesscapitalconsultants.com

www.businesscapitalconsultants.com

[Alpha]

Super G Capital will subordinate with a 2nd lien position if cash flow is suitable for risk model and they are looking for an accretive capital solution.

[RichardGerard]

Super G Capital will subordinate with a 2nd lien position if cash flow is suitable for risk model and they are looking for an accretive capital solution.

At $3M top line this would fall WAY short of when Super G would deploy Capital- also their tranches start at 500k