Results 1 to 7 of 7
Hybrid View
-
07-16-2018, 11:13 AM #1
Reputation points: 242074
- Join Date
- Feb 2017
- Posts
- 3,463
I almost arranged a 7-year term loan amortized over 7 years (at 7.5%) for $450,000 for inventory worth around $500,000 once.
Then we pulled business credit, and found out that this guy defaulted on 5 MCAs before he changed his LLC. That killed it. Otherwise, it would have been an awesome deal to re-fi his $100,000/month MCA payouts (total debt of $450,000).
A LOC may be doable for the right business structure and various financials. Doing one now for $4mm term loan plus a $1mm LOC, using their inventory, AR and just about everything else.
BTW, if he's got equity in property and a 620 FICO, LiftForward can do that deal.
-
07-16-2018, 01:07 PM #2
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Similar Threads
-
Inventory Financing
By FSB in forum Deal BinReplies: 1Last Post: 10-13-2017, 10:41 AM -
Inventory As Collateral
By symf in forum Merchant Cash AdvanceReplies: 6Last Post: 07-20-2017, 10:31 AM -
Inventory Financing
By Increment1 in forum Deal BinReplies: 6Last Post: 06-22-2016, 07:18 PM -
Inventory Loan
By dpFund in forum Deal BinReplies: 1Last Post: 01-29-2016, 01:23 PM -
Inventory Financing
By helpinghand in forum Deal BinReplies: 2Last Post: 08-07-2015, 11:44 AM