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09-06-2018, 03:24 PM #1
Daycare Seeking $75K BLOC for Working Capital. $1MM/Yr Projected. Credit 718.
Please keep in mind the following, first & foremost:
- 2017 Revenue was $79K.
- Revenue was for 8 children facility.
- Currently has lease agreement for new facility accomodating 76 children.
- Projected gross revenue is approx. $1MM over the next 2 years.
- Credit is 718 mid score.
- Owns a property worth ~ $600K; bal. is $334K now.
- Company has been in business at least two years.
The client seeks a line of credit anywhere from $75-100K, so as to not be taken by surprise by any need of working capital or payroll obligations.
If you have a means of making such a loan happen, or anything even close, whether it be a hybrid loan product or anything else, please let me know ASAP. Brokers welcome if you can prove you are competent.
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