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06-21-2018, 08:26 PM #1
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- Join Date
- Mar 2016
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$8MM+/yr. Needs $850k term loan. Good banks.
Client is in did $8MM+ last yr in revenue and banks are in great shape. He's in need of an uncollateralized term loan for $850k - 1MM, with 2-4 years repayment terms. No daily payments. So far, the best I am getting are offers that either do not match the term requirement, or for the ones that do, are unable to meet the funding requirement. If necessary, we'll consider something like $500K + 350 or 600/250 split between 2 lenders, if the 2-4 yr. terms can be met. He's firm on the 2-4yrs, because, understandably, he doesn't want to strain his company's cashflow.
TIB: 8 yrs.
Anyone out there?
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