Accounting Firm Seeks $150-200K Line of Credit Behind Existing SBA Loan ASAP
Need a Funder or Vendor? START HERE

Results 1 to 6 of 6
  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Accounting Firm Seeks $100K Term Loan or LOC Behind Existing SBA Loan ASAP

    • Existing SBA Loan was initially taken in 2016 for $200K
    • Credit: 700+
    • Annual Revenue: $451K in 2017
    • Use of Funds: Expansion
    • Existing small OnDeck balance can be paid off.


    Interest Rate doesn't matter much if under 15% APR. Term Loan or Line of Credit doesn't matter, however BLOC is preferred.
    Please PM me if you can lend in-house, or simply refer a lender. Much appreciated.
    Last edited by Fundyman; 07-23-2018 at 05:02 PM.

  2. #2
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Cresthill can put together an offer for that accounting wiz's will perhaps jump at !
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  3. #3
    Senior Member Reputation points: 226631
    Join Date
    Feb 2017
    Posts
    3,418

    Do they have AR? Yes, it's possible to factor behind an SBA.

  4. #4
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Quote Originally Posted by abfunders View Post
    Do they have AR? Yes, it's possible to factor behind an SBA.
    I doubt the A/R is of substantial enough volume to support the loan amount he seeks...

  5. #5
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Quote Originally Posted by mcaguru View Post
    Cresthill can put together an offer for that accounting wiz's will perhaps jump at !
    No possible way, unless Cresthill is doing term loans now...

  6. #6
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    Quote Originally Posted by Fundyman View Post
    • Existing SBA Loan was initially taken in 2016 for $200K
    • Credit: 700+
    • Annual Revenue: $451K in 2017
    • Use of Funds: Expansion
    • Existing small OnDeck balance can be paid off.


    Interest Rate doesn't matter much if under 15% APR. Term Loan or Line of Credit doesn't matter, however BLOC is preferred.
    Please PM me if you can lend in-house, or simply refer a lender. Much appreciated.
    Client now only needs about $75-100K, as long as he can get funded this week. Please PM me if you can get it done.

Similar Threads

  1. Replies: 10
    Last Post: 02-09-2022, 11:15 AM
  2. Replies: 0
    Last Post: 06-27-2018, 07:48 PM
  3. Replies: 8
    Last Post: 03-08-2018, 06:43 PM
  4. Replies: 3
    Last Post: 02-28-2018, 05:46 PM
  5. Year Around Accounting Firm Needs Money
    By BSCI 504 in forum Deal Bin
    Replies: 7
    Last Post: 09-13-2017, 10:50 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle
Fintech Nexus is shutting down


DIRECTORY