Balloon LOC
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  1. #1

    Balloon LOC

    I have a client that does over 20 mil a year, all commercial business, and is looking for a one year line of credit with 12 months of only interest payments and principal balloon at the end. 500k-1mil needed. Traditional bank style, let me know if anyone does this.

  2. #2
    This can be done IF he has assets
    Last edited by Quick Funding Solutions; 06-10-2018 at 02:41 AM.

  3. #3
    Senior Member Reputation points: 341293
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    Quote Originally Posted by EBS View Post
    I have a client that does over 20 mil a year, all commercial business, and is looking for a one year line of credit with 12 months of only interest payments and principal balloon at the end. 500k-1mil needed. Traditional bank style, let me know if anyone does this.
    Give me a ring: Kevin.Henry@SeacoastBF.Com 561-623-1872 is my direct.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  4. #4
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    There are a ton of ways to do this, depending on the situation of the client.

    What's the FICO?
    What's the collateral / assets? (A/R, real estate, M&E, inventory....)
    Are they profitable?
    What's the industry?

  5. #5
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    Clearly a Kevin Henry deal,


    Quote Originally Posted by EBS View Post
    I have a client that does over 20 mil a year, all commercial business, and is looking for a one year line of credit with 12 months of only interest payments and principal balloon at the end. 500k-1mil needed. Traditional bank style, let me know if anyone does this.
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
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