Results 1 to 5 of 5
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06-08-2018, 04:22 PM #1
Reputation points: 52
- Join Date
- Apr 2018
- Posts
- 12
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.
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06-08-2018, 06:59 PM #2
This can be done IF he has assets
Last edited by Quick Funding Solutions; 06-10-2018 at 02:41 AM.
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06-11-2018, 08:13 AM #3
Reputation points: 341293
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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
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06-11-2018, 11:03 AM #4
Reputation points: 242074
- Join Date
- Feb 2017
- Posts
- 3,463
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?
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06-11-2018, 03:01 PM #5Jerry 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
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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